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Stock Market Midday, Oct. 2: Stocks Rally as Weak Jobs Data Cools Fed Rate Hike Bets

As of 11:38 AM ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) is up 1.18% to 27,191, hitting a record high as soft labor data boosted tech stocks. The S&P 500 (SNPINDEX:^GSPC) has climbed 0.70% to 7,720, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.35% higher

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