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US stocks: S&P 500, Nasdaq hit record highs as yields ease

The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil prices fell. Most of the 'Magnificent Seven' stocks edged higher in early trading, with chip designer Nvidia climbing 1.2%, pushing the market valuation of the world's most valuable company close to the $6 trillion mark.

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SquawkNews Desk 1 updates Updated Oct 06, 2026, 02:21 PM UTC

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Main US indexes gain; S&P 500 out front, up ~0.8% Utilities lead S&P 500 sector gainers; healthcare weakest group Euro STOXX 600 index up ~0.5% Dollar down; US crude falls >1.5%; bitcoin, gold gain US 10-year Treasury yield edges down to ~5.29% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Easing Yields, Falling Oil Lift Us Stocks To Fresh Highs US stocks are pushing higher early Tuesday, with both the S&P 500 and Nasdaq Composite notching fresh record highs as Treasury yields retreat from multi-year peaks and oil prices slide ahead of the upcoming earnings season. The benchmark 10-year Treasury yield has eased back to around 5.29% after touching 5.3493% on Monday, its highest level in more than two decades. Meanwhile, NYMEX crude futures are down more than 1.5%, hitting their lowest level since September 1. That backdrop is helping fuel risk appetite. Most S&P 500 sectors are higher, with interest-rate-sensitive utilities leading the advance, up about 1.8%. Just healthcare and communication services are lower. Beneath the surface, software & services is standing out with gains of more than 1.5%, while biotech shares are under pressure. The tech-led rally continues to push a range of benchmarks to new highs. Beyond the S&P 500 and Nasdaq Composite, several growth-oriented benchmarks are hitting fresh highs Tuesday, including the Nasdaq 100, the S&P 500 technology sector, and the S&P 500 Growth Index. The Roundhill Magnificent Seven ETF has also climbed to a record high, helped by another strong showing from Nvidia, which is trading at an all-time high of its own. One notable exception remains the Dow Jones Industrial Average. While the broader market pushes further into record territory, the blue-chip average is still about 5% below its August 5 record close. For now, easing yields and falling oil prices are giving technology stocks another tailwind as investors turn their attention toward the upcoming third-quarter earnings season. Here is a snapshot of where markets stood around 10:08 a.m. ET. (Terence Gabriel) *** Earlier On Live Markets: Momentum Remains The Factor To Beat Click Here Oil Prices Can Rise Even With A New Mou Click Here What The Ai Capex Cycle Might Mean For European Growth Click Here IGNORE POLITICS AND BUY THE DIP IN SPAIN’S BONOs CLICK HERE A Health Boost For The Stoxx Click Here Europe Before The Bell: Ready For A Jump Click Here Spain To France: Hold My Cerveza Click Here EarlyTrade10062026 (Terence Gabriel is a Reuters market analyst. The views expressed are his own)

63% AMD CEO says co plans to substantially increase supply in 2027 Constellation Energy jumps after Google enters power deal with co (Updates for market open) By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 6 (Reuters) — The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil prices fell, while investors looked ahead to the upcoming quarterly earnings season. com all up. 2% each. 2%, pushing the market valuation of the world's most valuable company close to the $6 trillion mark.

"The space that I think is being looked at as what's going to do the best is information technology," said Robert Pavlik, senior portfolio manager at Dakota Wealth. "The expectation for everybody else is pretty much lower except for energy. " Optimism surrounding the AI trade and hopes of strong corporate earnings lifted technology stocks, further boosting the bull market that began in October 2022. 28%.

A softer-than-expected payrolls report last week eased expectations around rate hikes this year. Traders now see a 78% chance of the Federal Reserve holding interest rates steady this month, though a December rate hike remains largely priced in, according to the CME Group's FedWatch tool. On Tuesday, at least four Fed officials, including New York Fed President John Williams, are slated to deliver public remarks. Nine of 11 sectors on the S&P 500 were trading higher, with utilities and healthcare leading the gains.

m. 92. Oil prices, meanwhile, fell over 2% as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns. 6%.

The third-quarter earnings season will kick off next week. Analysts on average expect S&P 500 earnings to jump over 30% year over year in the quarter, thanks largely to AI-related stocks, Chipmaker AMD climbed almost 1% after CEO Lisa Su said the company planned to substantially increase chip supply in 2027 to meet booming AI demand. 9% after Alphabet's Google entered into a 3,590-megawatt power deal with the company. 8 billion, including debt.

64-to-1 ratio on the Nasdaq. The S&P 500 posted 18 new 52-week highs and one new low, while the Nasdaq Composite recorded 39 new highs and 63 new lows. com)