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Nasdaq 26,861 Β· 10-year Treasury yield hits highest level since 2002 ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #72 Β· Thursday, October 1, 2026
Volatility (VIX)  Cautious Β· 16.4  β–² from 16.3 yesterday
Stocks mixed as Treasury yields hit 22-year highs amid global bond selloff, pressuring equities while tech gains offset broader declines.
 
 

●  The Numbers

S&P 5007,651.54  -0.25%
-0.71% this week
Nasdaq Composite26,861.06  +0.24%
-0.28% this week
Dow Jones50,906.05  -0.86%
-1.18% this week
Russell 20002,796.86  -0.39%
-1.47% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

●  The Movers

Leaders

AAPL Apple+1.10%
SPCX SpaceX+1.09%
AMZN Amazon+1.01%

Laggards

META Meta-1.84%
^DJI Dow Jones-0.86%
^RUT Russell 2000-0.39%

The day's best and worst of the tracked indices and mega-caps Β· day-over-day change.

●  The Read

S&P 500 β€” description, not prediction

Trading above both its 50-day (7,648.00) and 200-day (7,217.09) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,764.70; currently in the middle third of that range. RSI(14) 55 β€” momentum roughly neutral.

See where every market sits on the daily page β†’

●  The Brief

 10-year Treasury yield hits highest level since 2002

Global government debt sold off sharply, pushing U.S. Treasury yields to their highest in over two decades. Rising yields typically pressure stock valuations and borrowing costs. (CNBC)

 Oil rises as Chinese refiners halt October fuel exports

Brent crude climbed back above $100 per barrel after Chinese refiners suspended October exports to protect domestic supplies. Oil prices affect energy stocks and inflation expectations. (CNBC)

 Micron reports strong earnings despite stock stalling

The chipmaker beat earnings expectations and raised guidance, but shares barely moved. Wall Street remains constructive on the stock despite the muted immediate reaction. (CNBC)

 Oracle signs reported $7 billion Tencent AI chip deal

Oracle reached a five-year agreement to supply artificial-intelligence chips to Tencent, potentially addressing Oracle's recent stock weakness and China market opportunity. (MarketWatch)

Partner

The charts we read every morning

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Markets 101

What is an index fund?

A fund that simply mirrors an index like the S&P 500 rather than trying to beat it. Low fees and broad exposure made them the default way most people hold stocks.

β€œMarkets are a description of today, not a forecast of tomorrow.”

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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