Bitcoin falls below $83,000 as Treasury yields hover near highs

By Scott Lehtonen Futures for the Dow Jones Industrial Average and other major stock indexes tumbled Thursday as Wall Street reacted to President Donald Trump's latest Iran comments, with Treasury yields and oil prices surging. Taiwan Semiconductor Manufacturing declined after reporting September sales numbers on the stock market today. Ahead of Thursday's open, the Dow futures declined 0.8%, or roughly 400 points, as S&P 500 futures dropped 0.5%. Nasdaq-100 futures moved down 0.7% in morning trades. West Texas Intermediate crude futures surged more than 4%, to around $92.20 a barrel, after Trump said he no longer wants to make a deal with Iran to end the war. Recent news reports also said the Pentagon is preparing for more potential military strikes on that nation. Meanwhile, the 10-year Treasury yield jumped to 5.33% as Federal Reserve Governor Christopher Waller said more rate hikes are needed to combat persistent inflation. Finally, bitcoin moved down to around $82,300. Among exchange traded funds, the Invesco QQQ was down 0.6%. Further, the State Street SPDR S&P 500 fell 0.4% before Thursday's opening bell. Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now TODAY'S MOVERS: PEPSICO, TSMC PepsiCo shares rallied nearly 2% premarket Thursday after the beverage giant reported better-than-expected earnings and sales numbers for the third quarter. But the company lowered its full-year profit forecast, as its North American business continues to underperform. The stock closed Wednesday nearly 28% off its 52-week high. Early Thursday, Nvidia chipmaker Taiwan Semiconductor Manufacturing, better known as TSMC, declined nearly 2% despite handily beating September and third-quarter sales estimates. Shares threatened to fall further below a cup-base entry at 479 and extend a losing streak to three sessions. Top Funds Bet Billions As This AI Stock Lights Up A Buy Zone STOCK MARKET TODAY: JOBLESS CLAIMS Set for 8:30 a.m. ET are the Labor Department's weekly initial jobless claims. Claims are expected to rise to 200,000 vs. 197,000 in the previous week. Meanwhile, the University of Michigan's consumer sentiment reading is set for Friday. 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. View this article at Investors.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 08, 2026 08:10 ET (12:10 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirem