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Nasdaq 26,693 Β· Treasury yields above 5% strain U.S. borrowing costs ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #82 Β· Thursday, October 15, 2026
Volatility (VIX)  Cautious Β· 17.6  β–² from 16.9 yesterday
Stocks pulled back as Treasury yields above 5% raised borrowing-cost concerns, while credit stress signals emerged in AI-focused debt markets.
 
 

●  The Numbers

S&P 5007,718.94  -1.11%
-1.06% this week
Nasdaq Composite26,692.87  -1.88%
-3.07% this week
Dow Jones51,621.48  -0.09%
+0.86% this week
Russell 20002,729.53  -1.93%
-2.28% this week

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

●  The Movers

Leaders

AAPL Apple+0.50%
^DJI Dow Jones-0.09%
^GSPC S&P 500-1.11%

Laggards

META Meta-3.27%
NVDA Nvidia-3.16%
SPCX SpaceX-2.80%

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 (7,707.02) and 200-day (7,263.43) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,818.93; currently in the middle third of that range. RSI(14) 52 β€” momentum roughly neutral.

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

●  The Brief

 Treasury yields above 5% strain U.S. borrowing costs

Rising yields on 30-year Treasuries are increasing expenses for both households and the federal government amid persistent $2 trillion annual deficits, a structural economic challenge. (CNBC)

 CoreWeave AI bonds tumble to distressed levels

The cloud-infrastructure company's recent bond issuance fell to 81 cents on the dollar with yields exceeding 15%, signaling market caution about AI-sector credit quality. (MarketWatch)

 Deutsche Bank upgrades Walmart on inflation tailwinds

The investment bank raised Walmart to buy, citing rising consumer preference for value retail as inflation concerns persist among household shoppers. (CNBC)

 Nvidia CEO discusses AI safety work with Chinese researchers

Jensen Huang told CNBC he maintains ongoing conversations with Chinese AI researchers on safety protocols, touching on geopolitical technology tensions. (CNBC)

Partner

The charts we read every morning

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Markets 101

Why do interest rates move markets?

A stock is worth its future profits, and higher rates make future dollars worth less today β€” and make safe bonds a real alternative. So rate expectations ripple through share prices.

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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