Consumer Sentiment, Fed Rate Signals, Delta Earnings
By Juliegrace Brufke | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks ended Thursday mixed, with losses in technology stocks pulling the market lower. The Dow rose 0.1%, while the S&P 500 fell 0.5% and the Nasdaq dropped 1.3%.
Oil prices jumped amid uncertainty over the war with Iran. Brent crude, the global benchmark, rose 4.1% to $104.28 a barrel. The yield on the 10-year Treasury bond, which influences borrowing costs, fell to about 5.23% after climbing to roughly 5.35% earlier in the day.
Two Federal Reserve officials said more interest-rate increases may be needed to bring inflation under control. Governor Christopher Waller said he expected further increases if the economy develops as anticipated, but the Fed would not necessarily raise rates at back-to-back meetings. St. Louis Fed President Alberto Musalem also said higher rates would be needed, without committing to an increase in October.
Today’s Focus: Friday brings a fresh look at how Americans feel about the economy and where they think prices are headed. The University of Michigan releases its preliminary October consumer sentiment survey at 10 a.m. ET.
Delta Air Lines reported adjusted earnings of $1.72 per share and adjusted revenue of $17.6 billion for the September quarter, slightly below Wall Street’s expectations. The airline also lowered its full-year profit forecast to $5.10-5.60 per share, down from $6.50-7.50. Delta said a $6 billion increase in fuel costs was weighing on profits, even as demand for travel remained strong.
ON THE SCHEDULE FOR FRIDAY, OCTOBER 9, 2026
-10 a.m. ET – Preliminary October University of Michigan consumer sentiment and inflation expectations
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