Market Wrap: Friday, October 2, 2026 — S&P 500, Nasdaq & Dow Jones

Today's market session was characterized by a risk-on tone, with all major indices closing in positive territory. The S&P 500 led the gains, rising 0.73%, while the Nasdaq Composite surged 1.19% to a new record high, driven by Nvidia's stock hitting a new all-time high and a market capitalization of $5.7 trillion. The Dow Jones Industrial Average also participated in the rally, gaining 0.49%. The broad-based gains suggest that investors are becoming increasingly optimistic about the economy, particularly after the release of soft jobs data, which showed the US economy added just 29,000 jobs last month and the unemployment rate ticked up to 4.2%.

The soft jobs data and fading expectations of further Fed rate hikes appear to have contributed to the risk-on tone, with tech stocks leading the charge. Nvidia's record high was a notable highlight, while Corteva's market capitalization tumbled by over $42 billion, with its stock hitting a record low. The 10-year Treasury yield also rose to a new 24-year high, which may be a concern for some investors. However, the overall tone of the market remains positive, with investors seemingly focused on the potential for economic growth and the benefits of a more accommodative monetary policy.