G.L.A INVE$T RE$EARCH – THE INFINITE INNOVATION NEWSLETTER TOP 10 Things ThatHappenedToday In The Stock Market Friday, October 2, 2026 | After the Close
Independent, experienced insights, of a 25 Year Wall Street Veteran, Ex Stock Broker.
-QUOTE OF THE DAY – “Far More Money Has Been Lost Preparing For Corrections, or Tryng To Anticipate Corrections, Than Has Been Lost In Corrections Themselves.” – PETER LYNCH
THE TAPE S&P 500 7,722.72 (+0.73%) | Nasdaq Composite 27,190.86 (+1.19%) | Dow 51,176.96 (+0.49%) | Russell 2000 2,832.90 (+0.94%) | Bitcoin about $84,492| 10-year yield about 5.28%
- Soft jobs report flips the weekend Fed narrative
September nonfarm payrolls rose just +29,000 versus a Dow Jones consensus near +84,000. Unemployment ticked up to 4.2%. Average hourly earnings rose 0.1% month over month and 3.0% year over year. August was revised down to +133,000 from +162,000, and July and August revisions together cut 60,000 jobs. Markets treated it as risk-on, with the Nasdaq leading and October hike odds collapsing. Soft labor is not a free lunch if inflation stays sticky, so we watch Monday's ISM Services before redrawing the path. (BLS, Yahoo Finance)
- Tesla delivers the beat and leads the Mag 7
Q3 deliveries were 486,532 versus the company-compiled consensus of about 461,974. Production was 464,391. Energy storage was 13.7 GWh, soft versus the roughly 15.9 GWh consensus. TSLA closed at $370.59 (+4.65%), and earnings come after the close on Wednesday, Oct 21. Short term: deliveries removed a binary overhang. Long-term hold / DCA: our view remains the path to $4,000 by 2030 via FSD, Cybercab and robotaxi. Soft storage is a Q4 watch item, not a thesis change. (Tesla IR, Yahoo Finance)
- Nasdaq owns the close and semis stay in charge
QQQ rose 1.02%. NVDA closed at $233.95 (+1.34%) and AMD at $633.91 (+2.95%). A soft labor print plus AI infrastructure demand is a tape Wall Street underweights until it doesn't. ARK Invest's Big Ideas 2026 frames AI and robotics as a multi-year compounding wave. Our view: NVDA and AMD remain core long-term DCA names inside that frame, not one-day trades. (Yahoo Finance)
- SoftBank closes the OpenAI check
SoftBank said Oct 1 it completed the third and final $10B tranche, finishing the $30B follow-on and bringing cumulative OpenAI exposure to about $64.6B, roughly 13% ownership. OpenAI is not a buyable ticker for most readers, but it shows capital is still flooding the private AI stack. We screen private names the same way we screen public ones: Mag 7 caliber or pass.
- SPCX rips
SPCX closed at $158.96 (+7.35%), a standout on an already green Nasdaq day. Treat liquidity and data quality carefully. Long-term hold / DCA: launch, Starlink and AI compute leasing to large labs is the narrative we care about, not one Friday print. (Yahoo Finance). SPACEX IS THE DEFINITION OF WHAT A LONG TERM EXPONENTIAL GROWTH INNOVATION COMPANY LOOKS LIKE.
- Nike is still wreckage (NEVER BUY A STOCK JUST BECAUSE ITS DOWN!!!
just less than the overnight gap, NKE closed at $33.87 (-3.64%), after trading near $31.69 pre-market (about -10% versus Thursday's close). The fiscal Q1 revenue miss and soft full-year outlook still dominate. We don't buy a name just because it is down. Nike is a consumer-execution story, not an innovation compounder we need in our long-term book. (Nike IR, CNBC, Yahoo Finance)
- Bitcoin fades the jobs pop and crypto-adjacent names split
Bitcoin sat near $84,500 into the evening after a firmer pre-market near $86k. MSTR closed at $160.01 (-0.31%), ARKB at $27.93 (-0.43%) and COIN at $183.00 (-3.32%). HOOD rose 1.43% to $112.74 but was volatile, with a session high near $119. Short-term crypto beta whips around. Our view: bitcoin at $1M by 2030 and MSTR at the start of hypergrowth through its bitcoin product line. That is our house view, not a fact. (Yahoo Finance)
- Alphabet and Amazon quietly do the work
GOOGL closed at $343.50 (+1.56%) and GOOG at $340.35 (+1.62%). AMZN rose 1.33% to $251.52, AAPL 1.02% to $333.69, MSFT 0.92% to $517.53 and META 0.30% to $728.08. Soft labor data plus AI and cloud compounding is a better mix for cash-flow giants than a hot payrolls surprise. Long-term hold / DCA. (Yahoo Finance)
- PLTR and CBRS remind us leadership is not uniform
PLTR closed at $188.75 (-0.68%) after trading higher intraday, and CBRS at $166.43 (-1.82%). Both are long-term hold / DCA names for us: government and commercial AI for PLTR, wafer-scale AI inference for CBRS. A red day inside a green Nasdaq is noise unless the fundamentals crack. We don't chase or abandon on one session. (Yahoo Finance)
Still at support.
- Quiet factory orders, loud weekend setup
August factory orders rose 0.1%, in line, with July revised up to +0.8%. WTI settled near $91.26 (-1.7%). The 10-year is near 5.28%, still elevated in absolute terms. Next cash session is Monday, Oct 5, with final services PMIs and then ISM Services. The next FOMC meeting is Oct 27-28 and the next CPI is Wednesday, Oct 14. We stay process-first into the weekend. (Census, Reuters, Yahoo Finance)
COMING TOMORROW Tomorrow, Saturday, October 3, G.L.A INVE$T RE$EARCH is publishing The Monthly Market Update with Cathie Wood and Coach Kyle. We cover ARK Invest's monthly ITK with Cathie Wood, where she goes over the economy, the markets and innovation. A must read edition for sure,
DISCLAIMER This is not investment advice. G.L.A INVE$T RE$EARCH is not an investment advisory or brokerage. We are a private research company that helps retail investors make informed decisions. G.L.A INVE$T RE$EARCH is independent educational research; the author is a former broker and is not currently licensed or a registered investment adviser.
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