Stock Market Today: Nasdaq Leads the Charge on Rate Hopes; Nvidia reaches new heights

Chip stocks shined and lifted the Nasdaq Composite Index to a record high Friday after a weaker-than-expected September jobs report reduced chances the Federal Reserve will raise interest rates in October. Nvidia (NVDA) hit a new all-time high, but Seagate Technology (STX) and Western Digital (WDC) closed today with heavy losses in the stock market. The Dow Jones Industrial Average finished higher…