Stock Market Midday, Oct. 1: Stocks Edge Lower as Treasury Yields Surge to 24-Year High
Bond yields hit their highest level in two decades, pressuring blue chip dividend stocks and weighing on the broader market, today, Oct. 1, 2026.
On October 1, the stock market experienced a slight decline in the early trading hours, with most major indices ending lower. The Nasdaq Composite fell 0.22% to 26,801, the S&P 500 dropped 0.26% to 7,632, and the Dow Jones Industrial Average declined 0.56% to 50,623. This downward trend was driven by rising bond yields, which put pressure on blue-chip stocks.
Gold prices rose by 0.17% to $4,193.70, while the 10-Year Treasury yield increased by 0.03% to 5.29%. Industrials were the leading market movers during this session. Basic materials stocks underperformed, while consumer defensive names showed resilience.
Accenture (NYSE:ACN) shares jumped after the company reported stronger-than-expected quarterly results and provided an optimistic outlook for fiscal 2027. McKesson (NYSE:MCK) also rallied despite the overall market volatility. However, Corteva (NYSE:CTVA) and General Mills (NYSE:GIS) were among the notable decliners, with the latter hitting a 52-week low as rising interest rates continued to weigh on the consumer sector.
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