StocksMedium•3 October 2026•
1 min read
Semiconductor Stocks Rally Following Weak US Jobs Report
Key Facts
1Semiconductor stocks rose after nonfarm payrolls increased by only 29,000 in September, missing expectations.
2The US unemployment rate rose to 4.2%, leading to lower Treasury yields and easing interest rate pressure.
Semiconductor stocks rose after nonfarm payrolls increased by only 29,000 in September, missing market expectations. Yahoo Finance reported that the US unemployment rate climbed to 4.2%, a development that led to lower Treasury yields and eased immediate pressure on interest rates.
Analog Devices (ADI) closed at $417.15 on October 2, 2026, while KLA Corporation (KLAC) ended the session at $206.89 on the same date. Lam Research (LRCX) closed at $347.49 and Marvell Technology (MRVL) at $272.29 on October 2, 2026, as weak labor data suggests a potential for lower rates which typically benefits high-multiple growth stocks.