Stock Market Recap — Oct 2, 2026
Stocks rise after payrolls miss forecasts
US equities climbed into the close after weak hiring data, while a coordinated reserve release added pressure to oil. Treasury yields reversed their initial decline, and AI-linked shares helped lift the Nasdaq. Widening credit spreads and heavy fund withdrawals remained concerns. Later policy headlines drew no reported market reaction. • Jobs/Rates: September payrolls rose 29,000 versus 90,000 expected, and revisions removed 60,000 jobs from prior months. Fed hike odds fell, but Treasury yields closed higher; the Nasdaq gained 1.2%, just shy of a record. • Energy: The G7 agreed to release 100 million barrels of crude and fuel over four months without restricting exports. Brent fell more than 3% below $100, though it was already declining before the announcement. • Credit Stress: Global bond spreads reached a six-month high. Blue Owl capped withdrawals at 5% after redemption requests reached 39% of its technology fund, while Planview explored options for more than $1.5 billion of debt. • AI Financing: Banks were preparing an unannounced $60 billion financing plan for Broadcom chips. Nvidia reached its first record since May. • Nuclear Power: The administration reportedly plans to offer Vistra roughly $4 billion to upgrade three nuclear plants; the package has not been announced.
Intraday Updates
- 04:02 ET: Banks prepare $60 billion in financing for Broadcom AI chips (44 stories)
- 08:29 ET: Diesel falls after Europe weighs releasing strategic reserves (100 stories)
- 11:26 ET: US payrolls miss forecasts as G7 agrees to release 100 million barrels of oil and fuel (108 stories)
- 16:18 ET: FAA deems Boeing glitch nonhazardous as US reportedly plans $4 billion Vistra loan (58 stories)