Fewer people than expected landed jobs in October. The news was a cause for celebration on Wall Street where indexes motored higher.

• Futures on the Nasdaq Composite IXIC are printing a higher open by just 0.1% ahead of the regular session Monday. The tech-dense index enjoyed the return of broad uplifting enthusiasm over the past week, gaining nearly 6%, and especially on Friday when it signed off with a 1.4% sprint.

• Friday’s October jobs report suggested the aggressive rate campaign by the Federal Reserve could finally be starting to set in. America’s employers tapped 150,000 new hires, the smallest job gain since June. The figure was down from the scorching-hot 336,000 which was downwardly revised to 297,000.

• Why is October’s number fuel for stock-market gains? Investors cheered the goldilocks growth as it would most likely ease tensions at the Fed over looming inflation concerns. Moderate but not terribly bad job creation means the economy is cooling down, allowing inflation to relax, reducing the chance of a recession.