Nasdaq Gains Over 1%; Tesla Rises More Than 3% on Better-Than-Expected Q3 Deliveries; STX Plunges Over 15%, WDC Falls More Than 10%

Tiger Newspress10-02 21:33

Stocks jumped Friday, as yields retreated following a surprisingly weak jobs report that raised hopes the Federal Reserve will hold rates steady in October.

The Dow Jones Industrial Average rose 0.63%. The S&P 500 gained 0.86%, while the Nasdaq Composite climbed 1.22%.

Tesla gained over 3% as its third-quarter deliveries beat expectations.

STX plunged more than 15% in early trading, while WDC fell more than 10%.

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