Stock Market Today, Oct. 5: Tech Momentum Lifts Nasdaq as Treasury Yields Surge
Vaccine breakthroughs and tech talks drove individual stocks higher, while bond yields hit their highest level since 2002, today, Oct. 5, 2026.
The Nasdaq Composite surged 1.05% to 27,477 on October 5, driven by optimism in the tech sector, while the S&P 500 rose 0.66% to 7,774 and the Dow Jones Industrial Average increased 0.18% to 51,268. Elevated Treasury yields, with the 10-Year yield at 5.31%, failed to dampen the market's momentum. Across all sectors, stocks advanced, with industrials and communication stocks leading the charge.
However, real estate showed a slight dip. Notably, Vaxcyte shares jumped over 30% following positive late-stage vaccine results, and Genmab gained nearly 11% after announcing promising lymphoma drug data. PTC also benefited from reports of a substantial $22.6 billion buyout offer. Additionally, Taiwan Semiconductor Manufacturing saw gains as investors considered potential discussions with Elon Musk's ambitious Terafab chip factory.
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