Stock Market Midday, Oct. 2: Stocks Rally as Weak Jobs Data Cools Fed Rate Hike Bets
Today, Oct. 2, 2026, September employment came in cooler than expected, spurring a broad market advance and renewed optimism among growth investors.
Overview
As of 11:38 AM ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) is up 1.18% to 27,191, hitting a record high as soft labor data boosted tech stocks. The S&P 500 (SNPINDEX:^GSPC) has climbed 0.70% to 7,720, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.35% higher to 51,107.
Gold is trading at $4,141.21, down 0.90%, as the 10-Year Treasury yield rises 2 basis points to 5.25%. Most sectors were in the green, with industrials and consumer cyclicals leading the gainers, while energy and financial services stocks lagged.
Details
Tesla is surging more than 5% today after reporting better-than-expected vehicle deliveries. ON Semiconductor and Synaptics are surging after announcing a revised merger agreement. Integra LifeSciences is tumbling after lowering its financial guidance.
Source
Originally published at www.fool.com.