S&P 500 Closes at 7,722 as Nasdaq Leads a Broad Friday Rally

As seen on the 24/7 Wall St. homepage on October 2, 2026.

CLOSING BELL
U.S. Markets
  • S&P 500+0.73%
  • Dow Jones Industrial Average+0.49%
  • Nasdaq Composite+1.12%

Money went back into growth on Friday: the Nasdaq's 1.12% gain ran well ahead of the Dow's. Rate-cut-sensitive tech is leading again after the weak jobs report.

Continue ReadingShow less

The S&P 500 closed up 0.73% at 7,722.57, extending a steady advance that held through the afternoon.

Money rotated into growth: the Nasdaq Composite rose 1.12% while the Dow Jones Industrial Average trailed at roughly 0.49%.

A softer-than-expected jobs report raises the odds of earlier Federal Reserve rate cuts, and technology stocks benefit first.

Buyers stepped in on dips rather than locking in gains, a constructive sign for near-term momentum.

Related Market Updates

Biggest movers · At the close
Gainers
  • TERTeradyne$448.96+8.0%
  • AAOIApplied Optoelectronics$115.66+7.8%
  • SPCXSpaceX$159.36+7.6%
  • HPEHewlett Packard Enterprise$69.49+7.6%
  • ONON Semiconductor$84.8+5.9%
Losers
  • WDCWestern Digital$415.97-10.1%
  • STXSeagate Technology$851.39-10.0%
  • ACNAccenture$199.29-6.1%
  • APPAppLovin$268.89-4.4%
  • SOUNSoundHound AI$5.8-4.2%

The storage names took the worst of Friday's close, with Western Digital down 10.07% and Seagate off 9.96%. Teradyne led the whole 379-name board at +7.98%.

Read more
SOUN SoundHound AI
After-hours
$5.79
-6.53% open $6.20
$5.9$5.8$5.8

A 6.5% slide to $5.80 strips roughly $160 million off a $2.4 billion company in a single session. This name swings hard in both directions, so the $6.20 open is the level to watch on any bounce.

Read more
Elon Musk @elonmusk Quote post

Musk is pre-building the case for SpaceX's next federal awards, framing the company as a $14 billion net saver rather than a subsidy recipient. That argument shapes how launch and crew work gets split with legacy contractors.

Actual amount that SpaceX saved taxpayers is even higher now https://t.co/0Blw3iD30I [Quoted @TeslaLarry]: The Washington Post famously claimed Elon Musk's companies received $38B from US governments. The truth? Elon Musk's company, SpaceX, SAVED the US Government (and taxpayers) an estimated $14B. I've covered that in detail in the upcoming article, but here's the graphic: https://t.co/5RwrzzajwI
  • Replies193
  • Reposts189
  • Likes1.5K
Read more
RIVN Rivian
Regular session
$14.23
-6.59% open $15.24
$15$15$14

A 6.6% slide to $14.24 takes roughly $1.4 billion off a $20.6 billion market cap in a single session. Moves this size leave the EV maker's valuation resting on whether the $14 area holds into the close.

Read more
MIDDAY
U.S. Markets
  • S&P 500+0.68%
  • Dow Jones Industrial Average+0.57%
  • Nasdaq Composite+1.11%

Growth is back in charge at midday: the Nasdaq's 1.1% gain is running at roughly double the Dow's, with money rotating back into tech leadership. A close near these levels puts the S&P 500 within reach of fresh highs.

Read more
Eric Balchunas @ericbalchunas

If your index fund is making new highs while three of every four holdings sit below their 50-day average, you own a handful of mega caps rather than the market.

TAKE MY BREADTH AWAY: The S&P 500 is about to hit a new all time high and yet 75% of the stocks in are trading below their 50-day moving avg. Breadthless ATHs are historically rare but increasingly normal (chart). Prob bc the top 10 stocks have acquired like 1000 companies = why https://t.co/aQ8waBuuqk
  • Replies2
  • Reposts1
  • Likes4
Read more
RIVN Rivian
Regular session
$14.07
-7.64% open $15.24

A 7.6% intraday slide to $14.08 takes roughly $1.7 billion off a $20 billion market cap in a single session. Moves this size in the EV startup cohort rarely stay quiet, so keep an eye on the stock through the close.

Read more
Read more
Biggest movers · On the open
Gainers
  • ONON Semiconductor$85.07+6.2%
  • HOODRobinhood$118.02+6.2%
  • MARAMarathon Digital$11.9+6.2%
  • BEBloom Energy$293.61+5.8%
  • MSTRMicroStrategy$169.41+5.5%
Losers
  • STXSeagate Technology$805.97-14.8%
  • WDCWestern Digital$415.36-10.2%
  • LNGCheniere Energy$260.59-4.3%
  • APPAppLovin$270.73-3.8%
  • SNDKSanDisk$1,727.07-3.4%

Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.

Read more
Eric Balchunas @ericbalchunas

Ordinary mutual funds from Fidelity, Capital Group and BlackRock are the back door into Anthropic, and their own marks imply a 22-fold gain since June 2024.

Anthropic is up 22-fold since June 2024, outpacing Nasdaq 100 and Nvidia by 10x. This is based on our analysis of market values reported in mutual funds that hold the private co. The manager with most exposure is Fidelity, followed by CapGrp and BLK. That said, the weighting is https://t.co/hQKGPXkURo
  • Replies6
  • Reposts5
  • Likes35
Read more
IPO PRICED
Chilwa Minerals Ltd CHWM · Nasdaq
$5.6 / share
$3.5M raise 625,000 shares

Chilwa Minerals prices Nasdaq IPO at $5.60

Chilwa Minerals priced its Nasdaq debut at $5.60 a share, a $3.5 million raise on just 625,000 shares sold through Maxim Group. A float that thin means the first days of trading can swing hard in either direction, so size any position accordingly.

Read more