Live News CRYPTO ARTICLE M impact Oct 07, 2026, 04:59 PM UTC

Bitcoin falls 2.9% as Treasury yields rise

Bitcoin dropped 2.9% to a session low of $82,884 as Treasury yields pushed higher and U.S. stocks weakened.

SquawkNews Desk 1 updates Updated Oct 07, 2026, 05:14 PM UTC

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The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day. 1313 ET - Mortgages with principal balances of $100,000 or less are becoming increasingly scarce, Realtor.com says. That's limiting financing options for buyers of lower-priced homes. Small mortgages represented more than 12% of all home loans originated in 2013 and 2014, but less than 3% in 2025 and 2026. The decline reflects both a shrinking pool of low-priced homes and persistent barriers to originating smaller loans. Small mortgages are most prevalent in lower-cost and rural areas. In 2025, Iowa had the highest share of small mortgages at 9.6%, followed by Wyoming at 8.6% and Mississippi at 8.5%. The borrowers using small mortgages don't appear to present weaker credit profiles. The median purchase price for homes financed with small mortgages was $109,681 in 2026. (chris.wack@wsj.com) 1245 ET - New record-highs for Treasury yields and their influence on a stronger U.S. dollar are a pressure point for commodities as a whole, says Brian Pullam of Linn & Associates. "Usually when we see this type of trade, wheat gets the brunt of the selling in grains," says Pullam. The most-active wheat contract falls 2.3% while corn slides 1.1% and soybeans drop 0.7%. The Federal Reserve will release the minutes from its last meeting at 2 p.m. ET, with investors watching for more details on the Fed's approach to managing inflation and whether more rate hikes are on the way. (kirk.maltais@wsj.com) 1213 ET - Gold futures are lower as the U.S. dollar gains and the market looks to minutes of the Fed's latest meeting to gauge prospects for interest rates. "A more hawkish reading, showing persistent concern over inflation and limited appetite for easier monetary policy, could lift Treasury yields and the U.S. dollar, increasing the opportunity cost of holding non-yielding gold and creating near-term downside pressure," Naeem Aslam, chief investment officer at Zaye Capital Markets says in a note. A more dovish interpretation "could pull real yields lower and strengthen demand for bullion." Gold for December delivery is down 1.3% in New York at $4,132.20 a troy ounce. Silver is off 2.3% at $60.16 a troy ounce. (anthony.harrup@wsj.com) 1139 ET - Recent buyers of Bitcoin used the cryptocurrency's latest price run-up to sell and lock in quick profits, according to an analysis by Glassnode. On Sunday, 86% of bitcoin that moved onto exchanges, a move that typically comes when a crypto asset will be sold, came from short-term holders, the analysts say. That's the highest level in more than a year, they say. If this kind of quick-profit selling continues, it will create a wall of supply at the $85,000 level that will be hard to push past, the analysts say. If Bitcoin slips into the $81,700 to $83,300 range, traders that made leveraged bets on the price to go up will have to sell to cover their losses, pushing the price even lower, the analysts say. (dea

By Scott Lehtonen And David Saito-Chung The Dow Jones Industrial Average and other major stock indexes trimmed some losses after moving broadly lower on the back of rapidly rising Treasury yields. However, large-cap and megacap tech and biotech stocks such as AbbVie and its breakout, Amgen, NetApp, and Micron Technology flexed strength on the stock market today. m. ET.

1%, or more than 550 points. During the lunchtime hour on the East Coast, the blue-chip index hit a session low of 50,917. 4%. 6% earlier and so far marked an intraday low of 7,763.

4%. 3%. 36%, its highest level since January 2002. 9% to hit a session low of $82,884.

Bitcoin remains more than 34% below an all-time high of $126,272. 5%. The slide indicates extra sensitivity among smaller firms in the face of higher borrowing costs. STOCK MARKET TODAY: TWO BRIGHT LIGHTS IN THE BIOTECH, MEDICAL AREAS Biotech and medical testing firms have been rocked by volatile trading in recent days.

However, some highly rated companies within the Investor's Business Daily database continue to rise and are working on new bases. 03 set in August. Amgen also rebounded back above the 50-day moving average. The company, especially known for its pioneering medicines to treat anemia among patients undergoing chemotherapy, is slated to report third-quarter results on or around Nov.

3. 79 a share on a 5% lift in sales to $10 billion. Amgen holds a 91 Composite Rating on a scale of 1 to 99. 47.

66. 84. AbbVie's 3-month Relative Strength Rating of 82, as seen in MarketSurge, means the North Chicago-based expert in immunology has outperformed 82% of all companies in the Investor's Business Daily database over the past three months. Headed into Wednesday's trading, the 12-month RS Rating is 77.

The iShares Nasdaq Biotechnology Index exchange traded fund, which undercut its 50-day line on Tuesday, rebounded 1%. m. ET TECH STOCKS ON THE MOVE Despite declines across indexes and some tech-focused ETFs, some leaders in the vast sector firmed up. 14.

Volume was running hot, more than 60% above its average pace over the past 50 sessions. The expert in data management equipment and software broke out of a narrow cup with handle on Sept. 21. 62.

Since then, after days of sideways action, NetApp really took off in the last week of October. The gain since the breakout has now reached 18%, just shy of a key Investor's Business Daily sell rule of taking at least partial profits at 20%-25%. Back on Sept. , posted fiscal first-quarter results.

03 billion. 1 billion. NetApp is currently a full-size position on the IBD Leaderboard model stock portfolio. On Wednesday, Evercore ISI reportedly upgraded its rating on NetApp to outperform and set a price target of 300.

2%. It is trying to hold at the 21-day exponential moving average while carving out the right side of an emerging new base. Dell Technologies, which found buyers near its own 21-day line last week, also gained more than 1%. In the data storage space, Micron also wiped away early losses and strode ahead more than 2%.

96. 13. m. ET STOCK MARKET TODAY: CHIPS FALL EN MASSE Disk drive makers and semiconductor companies paced the downside early.

5% in recent action. The popular ETF holds a cushion of gains above its rising 21-day exponential moving average, currently above 600. 37 within a nearly four-month base. It remains up more than 1% for the week so far.

Data storage firm Seagate, which slid 9% on Tuesday, fell more than 1%. Seagate and Western Digital, down nearly 2% and falling below its 200-day line, have weakened in recent days amid concerns that plans from Japan's Toshiba to scale up production of its hard disk drives in coming years might impact pricing power of its competitors. m. 7%.

6% after Wednesday's opening bell. Among the Nasdaq-100 stocks, Workday and Gilead Sciences rallied more than 1% each, making them some of the top performers just after the market open. Meanwhile, Astera Labs and Teradyne sold off more than 4% apiece in morning action. m.

4% in early morning action. On the downside, Caterpillar declined nearly 2%, while Nvidia and Amazon both dropped nearly 1% apiece ahead of the market open. m. ET EARNINGS MOVERS: CONSTELLATION BRANDS, NEOGEN Early Wednesday, Constellation Brands and Neogen were key earnings movers.

Shares of Constellation tumbled 7% in premarket trading while Neogen stock soared more than 14%. Top Funds Bet Billions As This AI Stock Lights Up A Buy Zone STOCK MARKET TODAY: FED MINUTES, TREASURY AUCTION NEXT The Federal Reserve plans to release minutes from its Sept. m. ET.

That meeting concluded with the first Fed rate hike since 2023. Committee members also penciled in one more hike before year-end. Further, the minutes could produce clues as to just how hard the group was or wasn't leaning in that direction. Early Wednesday, markets are pricing in 22% odds of a rate hike at the next meeting, down from 50% a week ago, according to the CME FedWatch Tool.

m. ET. Top Funds Sink Their Teeth Into Apple Stock. Sweet Breakout Ahead?

Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today. com Investor's Business Daily - Your edge in the stock market This content was created by Investor's Business Daily, which is operated by Dow Jones & Co. IBD is run independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 07, 2026 12:59 ET (16:59 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.

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