Overnight Highlights for October 3: US Stocks Advance, Fuel Prices Plunge, Gold Slips, US Job Growth Falls Short of Expectations

Deep News
2 hours ago

Market close for October 3: US stocks finished higher on Friday, with weak employment data lifting the market.

Top 20 most actively traded US stocks on October 3: NVIDIA shares hit a record high on Friday, its first in more than four months, while Tesla third-quarter deliveries beat expectations.

Most popular Chinese concept stocks fell on October 3, with NetEase down 2.82% and JD.com down 2.24%.

Commodities wrap: fuel prices tumbled, copper edged higher, and gold drifted lower.

European stocks rebounded, helped by easing bond market pressure and gains in technology shares.

Macro: Israel's Central Elections Committee demanded the national security minister delete a controversial video.

US job growth came in weaker than expected, and businesses remained cautious about hiring.

A tanker was struck by an unidentified projectile in the Strait of Hormuz.

Russia said it struck Ukrainian infrastructure, while Ukraine said it attacked a Russian oil refinery.

Treasury Secretary Bessent and the US Internal Revenue Service cracked down on ETF strategies the wealthy use to avoid capital gains taxes.

US stocks edged modestly higher in early trading as the nonfarm payrolls data cooled rate-hike expectations.

Turmoil in European bond markets intensified, with the EU reportedly worried that member states are seeking more fiscal space.

The weak nonfarm payrolls report reduced the likelihood of near-term rate hikes by the Federal Reserve, and US Treasury yields fell sharply.

France's fiscal troubles rattled the bond market, and the European Central Bank's nightmare scenario is drawing closer.

Report: Saudi Arabia plans to launch an offensive against Yemen's Houthi rebels.

European bond markets: the yield premium on French government bonds over German bunds narrowed.

The Group of Seven will release up to 100 million barrels of diesel and oil reserves to curb rising prices.

Russia said it has not held bilateral talks with any country on Black Sea security.

Yemen's Houthi rebels said they were hit by 94 Saudi airstrikes in 24 hours.

The US Coast Guard said it intercepted a cargo ship carrying fuel to Cuba.

Trump said the US will not impose a diesel export ban.

Trump threatened South Korea, demanding it invest in the Alaska LNG pipeline project.

With Brazil's election approaching, the US and Australia suddenly suspended consular services there, citing security concerns.

The US-Ukraine reconstruction investment fund finalized its first critical minerals deal.

With a weak revenue outlook and announced layoffs, Nike shares plunged 6%.

Google has been chasing OpenAI and Anthropic; can its new flagship model truly join the front tier?

Tech companies rolled out cute mascots to ease AI anxiety.

American Airlines introduced a cash-plus-miles mixed ticket purchase feature.

BioMarin released five-year clinical data for Pompe disease, showing durable gains in motor function.

Privacy coin ETFs surged 60% over the past month, ranking among the best-performing funds of 2026.

Reigniting confidence in its AI cloud business, Nomura raised its net profit estimate for Alibaba.

Commentary: TD Securities pushed back its expected timing for a Fed rate hike, forecasting the next move in December.

United Nations: the Middle East situation could leave an additional 22 million people globally facing food insecurity.

Facebook whistleblower Frances Haugen questioned whether AI companies can self-regulate the industry.

Federal Reserve Chair Warsh played down forward guidance, though remarks from his core deputy still sway market expectations.

The US Attorney General said he will not reopen a criminal investigation into former Fed Chair Powell.

US bond market: Treasuries gave back gains made after the nonfarm payrolls data, with the belly of the curve leading losses.

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