Stocks rise Friday after soft jobs data, Nvidia leads Nasdaq to intraday record
US stocks rose Friday after September nonfarm payrolls came in well below expectations. The Nasdaq Composite reached an intraday record, led by Nvidia, which saw its market cap hit $5.7 trillion. The S&P 500 and Dow also gained, though all three indices retreated from their session highs. Investors reacted to the soft employment data by increasing hopes that the Federal Reserve will hold interest rates steady during its October meeting, cooling previous expectations for a rate hike.
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- ✓ The Nasdaq Composite reached an all-time intraday high.
- ✓ US stocks rose Friday following a weaker-than-expected September jobs report.
- ✓ Nvidia led the Nasdaq to its intraday record.
- ✓ The S&P 500 and Dow also gained on Friday.
What changed
September nonfarm payrolls arrived significantly lower than expected, shifting investor sentiment toward a Federal Reserve rate hold.
Live updates
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Nasdaq hits intraday record as weak September jobs report lifts stocks
US stocks rose Friday after September nonfarm payrolls came in well below expectations. The Nasdaq Composite reached an intraday record, led by Nvidia, which saw its market cap hit $5.7 trillion. The S&P 500 and Dow also gained, though all three indices retreated from their session highs. Investors reacted to the soft employment data by increasing hopes that the Federal Reserve will hold interest rates steady during its October meeting, cooling previous expectations for a rate hike.
Why it matters
Market volatility had previously been driven by a global bond sell-off and rising yields. These factors put pressure on major averages and led to a losing week for stocks prior to the jobs data release.
What is confirmed
- The Nasdaq Composite reached an all-time intraday high.
- US stocks rose Friday following a weaker-than-expected September jobs report.
- Nvidia led the Nasdaq to its intraday record.
- The S&P 500 and Dow also gained on Friday.
- Soft jobs data raised expectations that the Federal Reserve will hold rates steady in October.
Still unconfirmed
- Nvidia's market cap reached $5.7 trillion on Friday.
- The major averages were heading for a losing week due to higher yields.
What to watch next
- Federal Reserve interest rate decision for October
- Upcoming employment data updates
confidence 95%Sources used for this update (14)
- CNBC — Stock futures are little changed as September jobs report looms: Live updates
- Bloomberg.com — Asian Stocks to Fall on Oil Rally, Bonds in Focus: Markets Wrap
- www.cnbc.com — Stock market today: Live updates - CNBC
- Reuters — Asian shares fall after wild swings in bonds, FX; US jobs data looms
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise ahead of key jobs report as oil steadies
- AP News — World shares mixed after global bond sell-off deepens and ahead of US jobs data
- finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq futures rise ahead of key jobs report as oil steadies
- www.cnbc.com — How Nvidia, Micron and a surprising jobs report drove last week's stock action
- www.livemint.com — Nasdaq climbs to record after softer jobs data cools rate-hike expectations | Stock Market News
- biz.heraldcorp.com — STOCK'Jobs shock? Even better' — easing rate-hike fears lift NASDAQ, Nvidia to intraday records
- primexbt.com — S&P 500 and Nasdaq Rise as Weak September Jobs Report Lifts Hopes for a Fed Rate Hold
- fnarena.com — The Monday Report – 05 October 2026
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