US Stocks | Morning Trading Session | October 02
Night Close
All three major indexes closed higher in the green, but the gains were modest: S&P 500 7,666 (+0.19%), Dow 50,926 (+0.04%), Nasdaq 26,871 (+0.04%). This is a day of price stabilization on declining volume. The market is waiting for tonight’s U.S. Nonfarm Payrolls and tomorrow’s unemployment benefits data.
Tonight 20:30 (U.S. time): U.S. September Nonfarm Payrolls
Market expectations: 140,000 new jobs, unemployment rate 4.7%. This is the last major data point before the September FOMC decision, determining whether the Fed will cut rates by another 25 bps in October. If employment clearly weakens, it would be directly supportive of risk-on; if the surprise is strong, rate-cut expectations may be pushed back, which would be a negative for short-end crypto.
Futures before the open
All three major index futures rose slightly, while U.S. Treasury yields edged lower. Overall it’s stable to mildly positive, but trading volume remains light.
Stock Highlights
NVIDIA (NVDA) 230.86 (+1.09%), Semiconductor ETF (SOXX) +1.35%, Tech XLK +1.05%—the compute-power theme remains a safe haven for capital.
Post-earnings catch-up rallies: Boeing (BA) +3.35%, Salesforce (CRM) +3.1%.
Negatives are concentrated in doubts about the AI narrative: Netflix (NFLX) -2.49%, Google (GOOGL) -1.7%.
Special reminder: MicroStrategy (MSTR) 160.5 (+4.84%), BTC ETF (IBIT) 47.96 (+1.31%), Coinbase (COIN) 189.29 (+1.54%)—crypto-related stocks are collectively strengthening, and this is the main storyline tonight.
IBIT Performance
IBIT closed at 47.96 (+1.31%), with volume at 31.1M. It has held steadily above 47 for two straight days. BTC is at 86,362, highly synchronized with the IBIT ecosystem.
Tonight’s crypto timing prediction
Nonfarm is the only variable tonight. If the unemployment rate rises and wage growth slows, BTC could attempt to break above the 87,000 level, and ETH could target above 2,800; if the data is more hawkish, BTC may pull back toward 84,000. Volatility around Nonfarm may amplify by 3–5x—be sure to manage position size and risk.
💡 For beginners
What do we mean by “futures before the open”? Before U.S. stocks officially open (US ET 9:30, Beijing time 21:30), investors’ expectations about future price action first show up in the futures market. This is only for reference—the real driver of price action is the capital after the market opens.
Night Close
All three major indexes closed higher in the green, but the gains were modest: S&P 500 7,666 (+0.19%), Dow 50,926 (+0.04%), Nasdaq 26,871 (+0.04%). This is a day of price stabilization on declining volume. The market is waiting for tonight’s U.S. Nonfarm Payrolls and tomorrow’s unemployment benefits data.
Tonight 20:30 (U.S. time): U.S. September Nonfarm Payrolls
Market expectations: 140,000 new jobs, unemployment rate 4.7%. This is the last major data point before the September FOMC decision, determining whether the Fed will cut rates by another 25 bps in October. If employment clearly weakens, it would be directly supportive of risk-on; if the surprise is strong, rate-cut expectations may be pushed back, which would be a negative for short-end crypto.
Futures before the open
All three major index futures rose slightly, while U.S. Treasury yields edged lower. Overall it’s stable to mildly positive, but trading volume remains light.
Stock Highlights
NVIDIA (NVDA) 230.86 (+1.09%), Semiconductor ETF (SOXX) +1.35%, Tech XLK +1.05%—the compute-power theme remains a safe haven for capital.
Post-earnings catch-up rallies: Boeing (BA) +3.35%, Salesforce (CRM) +3.1%.
Negatives are concentrated in doubts about the AI narrative: Netflix (NFLX) -2.49%, Google (GOOGL) -1.7%.
Special reminder: MicroStrategy (MSTR) 160.5 (+4.84%), BTC ETF (IBIT) 47.96 (+1.31%), Coinbase (COIN) 189.29 (+1.54%)—crypto-related stocks are collectively strengthening, and this is the main storyline tonight.
IBIT Performance
IBIT closed at 47.96 (+1.31%), with volume at 31.1M. It has held steadily above 47 for two straight days. BTC is at 86,362, highly synchronized with the IBIT ecosystem.
Tonight’s crypto timing prediction
Nonfarm is the only variable tonight. If the unemployment rate rises and wage growth slows, BTC could attempt to break above the 87,000 level, and ETH could target above 2,800; if the data is more hawkish, BTC may pull back toward 84,000. Volatility around Nonfarm may amplify by 3–5x—be sure to manage position size and risk.
💡 For beginners
What do we mean by “futures before the open”? Before U.S. stocks officially open (US ET 9:30, Beijing time 21:30), investors’ expectations about future price action first show up in the futures market. This is only for reference—the real driver of price action is the capital after the market opens.