{
  "id": 12181756,
  "title": "S&P 500 up, Nasdaq at record high as megacap tech stocks rise",
  "url": "https://urgent.news/2026/10/05/s-p-500-up-nasdaq-at-record-high-as-megacap-tech-stocks-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T15:52:16.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442743/sampp-500-up-nasdaq-at-record-high-as-megacap-tech-stocks-rise"
  },
  "original_language": "en",
  "account": "On Monday, the S&P 500 rose and the Nasdaq reached all-time highs as most megacap and growth stocks advanced, though risk sentiment remained cautious due to Treasury yields near multi-year peaks. Tech giants like Nvidia, Meta Platforms, Microsoft and Tesla led the gains, each increasing by more than 1%. Seven out of the 11 S&P 500 sectors were up, with communication services and utilities driving the rally. However, chip stocks were weak early, with the Philadelphia chips index down 0.3%. Software-related companies were among the top gainers, with the S&P 500 software & services index up 1.4%. PTC emerged as the top gainer on the S&P 500, rocketing 34.6% after a $22.6 billion all-cash deal for the company. Dow Jones Industrial Average closed lower, while S&P 500 and Nasdaq Composite indexes both gained. Optimism over strong corporate earnings has outperformed global rivals, despite geopolitical tensions and inflation concerns. Goldman Sachs analysts predict most companies will exceed earnings estimates this quarter, with a 9% year-on-year earnings growth for the median S&P 500 stock. Risk sentiment remained subdued as government bond yields hovered near record highs, prompting concerns over government finances and energy costs. Nasdaq hit another record high after softer-than-expected jobs data dampened the chances of an October interest rate hike. The market now sees an 80% chance of the Federal Reserve keeping rates steady this month, but a December hike remains likely. Brent crude hovered near $100 per barrel due to concerns over Gulf oil infrastructure disruptions amid the US-Israel war. Among other movers, RXO surged 22.5% after a $5.8 billion deal with C.H. Robinson Worldwide, while C.H. Robinson fell 11.8%. Cerebras Systems rose 9.5% after OpenAI CEO Sam Altman confirmed a deep partnership with the chip designer. Advancing issues outnumbered decliners on the NYSE and Nasdaq, with the S&P 500 hitting 3 new 52-week highs and Nasdaq Composite 23 new highs.",
  "summary": "The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs. Heavyweight tech stocks took the lead in early trading, with Nvidia rising 1.1%, hovering close to its record high hit in the previous session. Meta Platforms, Microsoft and Tesla all added…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "US stocks: Nasdaq hits record as megacap gains offset elevated Treasury yields",
        "url": "https://urgent.news/2026/10/05/us-stocks-nasdaq-hits-record-as-megacap-gains-offset-elevated",
        "published": "2026-10-05T13:56:20.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "S&P 500 up, Nasdaq at record high as megacap tech stocks rise",
        "url": "https://urgent.news/2026/10/05/s-p-500-up-nasdaq-at-record-high-as-megacap-tech-stocks-rise-12185045",
        "published": "2026-10-05T16:22:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}