US Stocks Mixed on Jobs Report Day; Nasdaq 100 Up 1%, Dow Down 1.2%

Oct 2, 2026 16:00 ET · 1h ago

TREE NEWS reports: On the day the US released its nonfarm payrolls report, the S&P 500 fell about 0.2% cumulatively while the Dow dropped 1.2% and the Nasdaq 100 gained 0.6%. The Philadelphia Semiconductor Index rose 3.8% and a memory-chip index jumped 10.8%, while the Philadelphia Bank Index fell 2.7% and the biotech index lost 1.9%. In preliminary close, the S&P 500 gained 0.7% and the Nasdaq 100 rose 1%, with Teradyne up 8.1% and SpaceX up 7.6%.

Original source

AI take

The dispersion matters more than the headline index moves: semis and memory names rallied hard while banks and biotech sold off, a rotation that points to growth and AI-adjacent exposure being rewarded at the expense of rate-sensitive and defensive sectors. Teradyne's strength fits that read, and the SpaceX move suggests private-market enthusiasm is bleeding into listed proxies. Whether this chip-led leadership persists once the payrolls print is fully digested — and whether the bank and biotech weakness broadens — is the open question.

Generated by AI for reference only.

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