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Synaptics is trading higher Friday after the company announced it will be acquired by onsemi for $123 per share under the revised agreement.
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Nike shares fell 3.6% after missing Q4 fiscal 2026 revenue estimates with $11.21 billion in sales. Synaptics surged 14.1% following ON Semiconductor's revised $5.7 billion acquisition terms. NVIDIA rose 1.3% after reaching a new all-time intraday high of $237.87. Veeva Systems declined 3.1% as healthcare emerged as a losing sector.
U.S. stock markets rallied on October 2, 2026, following weaker-than-expected September employment data showing only 29,000 jobs added and unemployment rising to 4.2%. The soft labor report reduced expectations for a Federal Reserve rate hike this month from 64% to 21%, boosting investor sentiment particularly in tech and growth stocks. The Nasdaq Composite hit a record high, while the S&P 500 and Dow Jones also gained.
U.S. stocks rose Friday, led by Nasdaq (+1.27%), despite weak jobs data. Factory orders edged up; oil and gold fell. Alpha Modus surged 213%.
A weak September payrolls print pared bets on more Fed tightening, lifting both the Nasdaq 100 and Nvidia stock to record highs.