U.S. Stocks Mixed as Oil Jumps, Tech Slides
U.S. stocks ended mixed as oil futures surged, Treasury yields fell after a well-subscribed 30-year auction and tech shares weakened on renewed doubts about artificial-intelligence profits.
S. stocks were mixed as oil futures jumped, volatility continued in bond markets and doubts surfaced about artificial-intelligence profits. 64. 34.
S. stock market. In the tug of war between bears and bulls, each side is anchored by data. Bears can point to the surge in energy prices causing a lasting bout of higher inflation and interest rates.
The bull case is frequently reinforced by statistics from the AI boom. S. Gulf. Treasury yields fell after another well-subscribed auction, this time for 30-year bonds.
That followed strong demand for a 10-year note auction Wednesday. 232%. 606%, the lowest close since Oct. 1 after testing multiyear highs earlier in the session.
753%. The selloff in bonds is even more pronounced in Europe. S. equivalent, One strategist said the turmoil in sovereign-bond markets could cause widespread ripple effects because much of the AI-driven economic expansion is fuelled by credit.
"Credit spreads are widening around the world, so the cost of capital is rising on two fronts: the risk-free rate is going up, and the spread on top of it is going up too," said Lorenzo Di Mattia, founder and chief investment officer at hedge fund firm Sibilla Capital, in a note to clients. S. jobless claims fell by 2,000 to 197,000 in the latest weekly tally from the Labor Department. S.
dollar. The greenback ticked down from multiyear highs Thursday. 80 a troy ounce. Oil drillers operating in the Gulf of Mexico shut in production and evacuated personnel from offshore facilities as Hurricane Isaias bore down on the coast.
Tech giants gave back some of their recent gains after a Financial Times report that OpenAI's annual revenue is running about $20 billion below earlier estimates. The Financial Times on Thursday reported that OpenAI has said its revenues were approaching $50 billion on an annualized basis toward the end of last month, compared with a prior estimate of about $70 billion. 48. 71.
A mixed bag of earnings came from sellers of consumer staples. Soda and snack giant PepsiCo cut its earnings projection for the year and vowed to continue cutting costs. Rising ingredient prices have pinched Pepsi and other food processors. Seven & I Holdings, the Japanese owner of 7-Eleven, said fiscal second-quarter net profit fell, amid domestic growth woes.
Subscription-based bulk seller Costco Wholesale's same-store sales growth rebounded in September following a summer slowdown. Michigan's attorney general filed an antitrust suit against the state's largest health insurer Blue Cross Blue Shield of Michigan, citing monopolistic pricing practices. Vice President JD Vance said the administration is suspending several tech firms, including Microsoft, from a program that allows H-1B visa holders to apply for green cards. com (END) Dow Jones Newswires October 08, 2026 16:37 ET (20:37 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 requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.