Nasdaq hits record as yields, oil ease Tuesday
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap
Tech and AI-related stocks led Wall Street higher Monday, pushing the Nasdaq to a record close. SpaceX jumped 7.6%, Nvidia rose 2.1%, Meta gained about 2% and Microsoft added 1.5%. The S&P 500 closed up 0.66%, the Nasdaq gained 1.05% and the Dow Jones rose 0.18%.
Treasury yields moved higher Monday, with the benchmark 10-year yield rising to 5.31%, near its highest level since 2002. Oil prices eased, with Brent crude settling at $100.32 a barrel and West Texas Intermediate at $89.43.
Today’s Focus
U.S. stock futures were higher Tuesday morning as Treasury yields and oil prices pulled back. The 10-year yield eased to about 5.28%, while Brent crude fell below $100 and WTI traded below $88. Japan’s Nikkei gained 1.1%. Investors are watching to see whether Monday’s tech rally can extend as pressure from bonds and energy prices eases.
Treasury will auction 3-year notes Tuesday afternoon and conduct a separate buyback of 2- to 3-year securities. This week also brings earnings from Constellation Brands after Tuesday’s close, Levi Strauss on Wednesday and PepsiCo on Thursday. The Fed releases minutes from its September meeting Wednesday afternoon.
ON THE SCHEDULE FOR TUESDAY, OCTOBER 6, 2026
– 10:45 a.m. ET – Fed Vice Chair for Supervision Michelle Bowman speaks on modernizing regulation and supervision
– 1 p.m. ET – Treasury 3-year note auction
– 1:40 p.m. ET – Treasury buyback covering 2- to 3-year securities
– 7 p.m. ET – Dallas Fed President Lorie Logan joins former BIS chief Agustín Carstens for a discussion on policy and the economy
– Wednesday, 10:30 a.m. ET – EIA weekly petroleum report
– Wednesday, 1 p.m. ET – Treasury 10-year note reopening
– Wednesday, 2 p.m. ET – Minutes from the Fed’s September 15-16 meeting
– Wednesday, 3 p.m. ET – August consumer credit
– Thursday, 8:30 a.m. ET – Weekly jobless claims
– Thursday, 1 p.m. ET – Treasury 30-year bond reopening
– Thursday, 1:40 p.m. ET – Treasury buyback covering 20- to 30-year securities
– Friday, 10 a.m. ET – Preliminary October University of Michigan consumer sentiment index
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