Tormere After-Market Digest
October 8, 2026
Prepared by Tormere Research:Communications (TR:C)
Top headlines
Oil rises 4% on revived Middle East worries, Hurricane Isaias supply disruption
Brent crude futures closed at $104.28, up $4.08 or 4.1%, while U.S. West Texas Intermediate rose 3.6%, or $3.21, to $91.49. Both contracts exceeded $5 per barrel in gains at their peaks before moderating following diplomatic developments. Reuters
Stock market today: S&P 500, Nasdaq fall for second day in a row as AI trade takes a hit
The S&P 500 fell 0.47% to 7,765.36 and the Nasdaq Composite 1.25% to 27,193.34, while the Dow gained 0.10% to 51,231.64. Semiconductor stocks declined after a Financial Times report that OpenAI’s annualized revenue was “$20 billion lower than previously estimated,” with Nvidia down 2.94%, Intel 5.34% and Micron more than 5%. Yahoo Finance
Trump’s Pledge Not to Strike Iran Before Midterms Fails to Soothe Oil Markets
President Trump posted that “We will not be attacking Iran at any time prior to the Midterm Elections,” yet Brent closed at $104.28, up 4%. The article put the national average for regular unleaded gasoline at $4.36 per gallon and diesel at $6.28. NBC News
Markets close
Close: Oct 8, 2026, 4:00 PM ET
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,765.36 | -36.41 | -0.47% |
| Nasdaq Composite^IXIC | 27,193.34 | -345.35 | -1.25% |
| Dow Jones^DJI | 51,231.64 | +51.77 | +0.10% |
| CBOE Volatility Index^VIX | 15.41 | +0.33 | +2.19% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 102.10 | -0.18 | -0.17% |
| Brent CrudeICE Dec '26 · 2:30 PM ET settle | $104.28 | +$4.08 | +4.07% |
| GoldCOMEX Dec '26 · 1:30 PM ET | $4,155.50 | +$15.30 | +0.37% |
U.S. Treasury Yields
Prints through Oct 8, 2026
Chg and % measured vs the prior print, Oct 7, 2026
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 4.14% | +7bp | +1.72% |
| 3-MonthT-bill | 4.23% | +1bp | +0.24% |
| 6-MonthT-bill | 4.30% | +2bp | +0.47% |
| 1-YearT-note | 4.44% | +2bp | +0.45% |
| 2-YearT-note | 4.75% | -2bp | -0.42% |
| 5-YearT-note | 4.99% | -4bp | -0.80% |
| 10-YearT-note | 5.22% | -6bp | -1.14% |
| 30-YearT-bond | 5.60% | -7bp | -1.23% |
Sectors & breadth
Sector performance
Energy · XLE+2.97%
Cons. Staples · XLP+2.11%
Financials · XLF+0.89%
Comm. Svcs · XLC+0.73%
Real Estate · XLRE+0.69%
Materials · XLB+0.59%
Industrials · XLI+0.33%
Cons. Disc. · XLY+0.31%
Utilities · XLU-0.19%
Health Care · XLV-0.39%
Technology · XLK-1.79%
Today's leading S&P 500 movers
CSGP+8.01%
CMG+6.21%
GDDY+6.15%
ACN+5.96%
IT+5.19%
COHR-9.63%
GLW-6.38%
VST-6.35%
BE-6.34%
LITE-5.62%
Economic calendar
High
Medium
Low
All times ET
8
Thu Oct
Today
USD4:30 AM
Fed Governor Waller speaks on the economic outlook (Istanbul)
USD8:30 AM
Initial jobless claims
USD10:00 AM
Wholesale trade, sales and inventories, final (Aug)
USD1:01 PM
30-year bond reopening auction ($22bn)
9
Fri Oct
USD10:00 AM
University of Michigan consumer sentiment, preliminary (Oct)
12
Mon Oct
USDAll day
Columbus Day federal holiday; scheduled Fed statistical releases move to Tue Oct 13
13
Tue Oct
14
Wed Oct
USD8:30 AM
Consumer Price Index (Sep)
USD2:00 PM
Fed Beige Book
The forward look
TR:C thesis
The S&P 500 fell 0.47% to 7,765.36 and the Nasdaq Composite 1.25% to 27,193.34, while the Dow rose 0.10% to 51,231.64 and the VIX gained 0.33 to 15.41. Energy (+2.97%) and Consumer Staples (+2.11%) led sector performance; Technology (-1.79%) was the only sector to fall more than 0.4%, as semiconductor names sold off after a Financial Times report that OpenAI’s annualized revenue was $20 billion lower than previously estimated, per Yahoo Finance. Coherent (-9.63%), Corning (-6.38%) and Vistra (-6.35%) were the leading S&P 500 decliners, while CoStar (+8.01%), Chipotle (+6.21%) and GoDaddy (+6.15%) led gainers. Treasury yields fell from the 2-year out: the 2-year eased 2bp to 4.75%, the 10-year 6bp to 5.22% and the 30-year 7bp to 5.60%. The Treasury’s $22bn 30-year reopening stopped at 5.618% with a 2.54 bid-to-cover ratio. Brent’s December contract settled at $104.28 (+4.07%) as Iran stepped up tanker attacks and Hurricane Isaias threatened U.S. Gulf production, paring gains after President Trump said the U.S. would not attack Iran before the midterm elections, per Reuters. Gold rose 0.37% to $4,155.50 (1:30 PM ET print) and the dollar softened (DXY -0.17% to 102.10). The preliminary University of Michigan sentiment survey follows on October 9 at 10:00 AM ET. October 12 is the Columbus Day federal holiday, and September CPI is due October 14 at 8:30 AM ET, ahead of the 2:00 PM ET Beige Book.
Tormere Research:Communications · Tormere Analytics
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