Stock market today: Dow, S&P 500, Nasdaq rally as Fed rate-hike expectations fade, tech gains
The S&P 500 rose 0.73% to 7,722.72, the Dow added 0.49% to 51,176.96 and the Nasdaq Composite gained 1.19% to 27,190.86. September nonfarm payrolls rose by 29,000 and the unemployment rate rose to 4.2%. Bond traders reduced the odds of a Fed rate hike in October to 16% from 64% the previous week, and the 10-year Treasury yield moved to 5.28%. Yahoo Finance
Oil Falls as G7 Taps Emergency Supplies
WTI for November delivery settled at $91.11 per barrel and Brent for December settled at $102.25. French President Emmanuel Macron said the G7 would release up to 100 million barrels of crude stocks and diesel, and diesel prices fell sharply. The article also noted that Saudi Arabia had restored pipeline capacity to more than 80%. Rigzone
Seagate Tumbles 10%, Western Digital Drops 7% as Toshiba Moves to Double Hard Disk Output
Toshiba announced plans to double its hard disk drive production capacity, centered on its Philippines facility, with a medium-term target of 30% of the market measured by storage capacity. The article noted that Seagate and Western Digital had previously cited tight supply as the basis for their pricing power. 24/7 Wall St.
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,722.72 | +56.27 | +0.73% |
| Nasdaq Composite^IXIC | 27,190.86 | +319.26 | +1.19% |
| Dow Jones^DJI | 51,176.96 | +250.40 | +0.49% |
| CBOE Volatility Index^VIX | 15.31 | -1.08 | -6.59% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 101.88 | -0.17 | -0.17% |
| Brent CrudeICE Dec '26 · 2:30 PM ET settle | $102.25 | -$0.06 | -0.06% |
| GoldCOMEX Dec '26 · 1:30 PM ET settle | $4,162.50 | -$40.50 | -0.96% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 4.04% | -2bp | -0.49% |
| 3-MonthT-bill | 4.19% | +2bp | +0.48% |
| 6-MonthT-bill | 4.27% | 0bp | 0.00% |
| 1-YearT-note | 4.46% | +2bp | +0.45% |
| 2-YearT-note | 4.83% | +5bp | +1.05% |
| 5-YearT-note | 5.06% | +5bp | +1.00% |
| 10-YearT-note | 5.28% | +4bp | +0.76% |
| 30-YearT-bond | 5.63% | +2bp | +0.36% |