Stock Market Today: Nasdaq Leads Charge On Rate Hopes; Nvidia Hits Highs
The Nasdaq composite reached record highs following a weaker-than-expected U.S. jobs report, which reduced market expectations for Federal Reserve interest rate hikes. While chip stocks like Nvidia performed well, other technology companies saw significant losses.
Why it matters
Market reactions to employment data are critical indicators for investors assessing the future direction of interest rates and economic policy.
Chip stocks shined and lifted the Nasdaq composite to record-high territory Friday after a weaker-than-expected September jobs report slashed chances of the Federal Reserve raising interest rates in October. Nvidia (NVDA) hit a new all-time high, but Seagate Technology (STX) and Western Digital (WDC) closed with heavy losses on the stock market today. The Dow Jones Industrial Average finished up...
10/02/2026 The stock market, including the Dow Jones index, rallied on a soft U.S. jobs report. Tesla and Teradyne shine. The...
10/02/2026 The stock market, including the Dow Jones index, rallied on...
Moderna and Merck used the mRNA technology that created the first Covid vaccines to take on cancer. (© Chris Gash)
Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!
Get market updates, educational videos, webinars, and stock analysis.
Also covering this story
2 other newsrooms covered this event. We read each version separately.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in