Nasdaq Jumps 400 Points; US Nonfarm Payrolls Top Estimates In October

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 400 points on Friday.

Following the market opening Friday, the Dow traded down 0.21% to 51,416.10 while the NASDAQ climbed 1.75% to 24,741.16. The S&P 500 also rose, gaining, 0.99% to 7,426.26.

Leading and Lagging Sectors

Information technology shares jumped by 2.7% on Friday.

In trading on Friday, consumer staples stocks fell by 1.5%.

Top Headline

The U.S. economy added 165,000 jobs in October, well above the 65,000 economists had expected, the Bureau of Labor Statistics said Friday.

The unemployment rate fell to 4.1%, compared with a 4.2% forecast. Average hourly earnings rose 0.4% from September and 3.1% from a year earlier, against expectations of 0.3% and 2.9%.

Equities Trading UP
           

• SunCar Technology Group Inc. (NASDAQ:SDA) shares shot up 103% to $0.3116 as the company reported a $10 million buyback plan and issued preliminary unaudited revenue and net income for the first nine months of 2026.
• Shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) got a boost, surging 76% to $1.7350.
• Vivakor, Inc. (NASDAQ:VIVK) shares were also up, gaining 55% to $0.5747.

Equities Trading DOWN

• AirSculpt Technologies, Inc. (NASDAQ:AIRS) shares dipped 52% to $0.6977 after the company reported worse-than-expected quarterly financial results.
• Shares of Biodesix, Inc. (NASDAQ:BDSX) were down 41% to $11.64 after the company reported worse-than-expected quarterly sales results and lowered its FY2026 sales guidance below estimates.
• CVRx, Inc. (NASDAQ:CVRX) was down, falling 35% to $0.9458 after the company reported worse-than-expected third-quarter results.

Commodities 

In commodity news, oil traded up 0.6% to $91.04 while gold traded down 1.6% at $4,046.60.

Silver traded down 1.7% to $51.510 on Friday, while copper fell 0.5% to $6.2370.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 dipped 1.8%, while Spain’s IBEX 35 Index fell 1.7%, London’s FTSE 100 fell 2.1%, Germany’s DAX tumbled 2.5%, while France’s CAC 40 fell 1.8%.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan’s Nikkei 225 dipping 5.96%, Hong Kong’s Hang Seng index falling 1.27%, China’s SSE Composite Index declining 1.10% and India’s BSE Sensex gaining 2.17%.

Economics

• The U.S. economy added 165,000 jobs in October, well above the 65,000 economists had expected, the Bureau of Labor Statistics said Friday.
• The unemployment rate fell to 4.1%, compared with a 4.2% forecast.
• Average hourly earnings rose 0.4% from September and 3.1% from a year earlier, against expectations of 0.3% and 2.9%.

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