Quick note before we dive in: this isn’t financial advice — just my summary of what actually moved markets today. For the full fine print, see our Disclaimer: https://thegapup.wordpress.com/disclaimer/
Jobs miss cools Fed hike bets
The September jobs report was a big miss: the U.S. added just 29,000 jobs versus the 84,000 economists expected, and the unemployment rate ticked up to 4.2%. Stocks loved the weakness: the Dow rose 250 points (+0.5%) to 51,176.96, the S&P 500 gained 0.7% to 7,722.72, and the Nasdaq jumped 1.2% to 27,190.86 — a new intraday record and its third straight weekly gain. The rally was all about rates — traders now see only a ~23% chance of a Fed hike at the October 27–28 meeting (down from 64% a week ago) — and the 10-year Treasury yield fell to 5.16% after the data before settling at 5.27%.
Sources: https://www.investopedia.com/stock-market-today-dow-jones-s-and-p-500-10022026-12153808 https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-september-jobs-report-nike-earnings-tesla-deliveries/ https://www.tradingview.com/news/DJN_DN20261002006645:0/
Nike craters on dismal guidance
Nike’s turnaround is stalling: the sneaker giant missed Wall Street’s fiscal Q1 revenue target and projected a bigger sales slide for this fiscal year than analysts expected, with adjusted EPS guidance below consensus. Shares slid in reaction, dropping as much as 8.9% premarket before closing down about 3.5% — a notable laggard on a broadly green day. The downbeat outlook shows the company’s rebound still has a long way to go.
Sources: https://www.investopedia.com/stock-market-today-dow-jones-s-and-p-500-10022026-12153808 https://www.barrons.com/articles/stock-movers-5e76284f
Tesla jumps on deliveries beat
Tesla delivered 486,532 vehicles in Q3 — well above the 461,974 analysts expected — while producing over 464,000 vehicles and deploying 13.7 gigawatt-hours of energy storage products. Deliveries were up 1% from Q2 but down 2% year over year. The beat reassured investors about EV demand, sending shares up 4.7% and making Tesla one of the day’s top gainers.
Sources: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-september-jobs-report-nike-earnings-tesla-deliveries/ https://www.barrons.com/articles/stock-movers-5e76284f
ON Semi buys Synaptics for $5.7B
ON Semiconductor struck a revised all-cash deal to acquire Synaptics for $5.7 billion, down from the earlier $7 billion stock-based proposal. The deal is expected to be immediately accretive to ON’s non-GAAP earnings per share. Investors cheered the cheaper price: ON shares rose 6% while Synaptics jumped about 14%.
Sources: https://www.barrons.com/articles/stock-movers-5e76284f https://seekingalpha.com/news/4649734-biggest-stock-movers-friday-nke-syna-and-more
Chips split: Nvidia high, HDDs sink
Memory-chip demand kept semiconductors hot: Nvidia hit a new all-time high, up 1.4% to $233.95, while Teradyne jumped nearly 7%, Arm climbed 5.7%, and Marvell added 4%. Hewlett Packard Enterprise surged 7.4% — one of the S&P 500’s top gainers — after forecasting solid AI-driven networking revenue growth. But hard-drive makers collapsed on a competitive shock: reports that Toshiba plans a major HDD production expansion sent Seagate plunging 12% and Western Digital down 10%.
Sources: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-september-jobs-report-nike-earnings-tesla-deliveries/ https://www.barrons.com/articles/stock-movers-5e76284f
That’s the rundown for Friday, October 2 — for informational purposes only, not financial advice.
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