Odds of a 50 basis point cut dropped to 0% from 53% last week after the strong September jobs report, according to the CME FedWatch Tool.

The Dow was up 0.5%, while the S&P 500 rose 0.6% and the Nasdaq Composite rallied 0.9%. Still, all three major U.S. stock indexes remained down modestly for the week, with the S&P 500 on track for a slight 0.1% weekly decline, FactSet data show, at last check.

The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.

President Joe Biden made a surprise appearance in the White House briefing room on Friday to tout good news about the economy ― and he called out a Republican senator for claiming the numbers are “fake.