{
  "id": 12420858,
  "title": "S&P 500, Nasdaq hit record highs as Treasury yields stall, oil slips",
  "url": "https://urgent.news/2026/10/06/s-p-500-nasdaq-hit-record-highs-as-treasury-yields-stall-oil-slips",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T16:10:46.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442923/sampp-500-nasdaq-hit-record-highs-as-treasury-yields-stall-oil-slips"
  },
  "original_language": "en",
  "account": "The S&P 500 and Nasdaq reached record highs on Tuesday as Treasury yields dropped from multi-year peaks and oil prices declined. Investors focused on upcoming quarterly earnings. Meta, Tesla, Amazon, and Microsoft all saw gains between 0.5% and 1.7%. Nvidia's stock increased by 1.1%, bringing the company's market valuation close to $6 trillion. Optimism over AI and strong corporate earnings contributed to the bullish market, which began in October 2022 despite higher energy prices and a volatile bond market. David Miller, chief investment officer at Catalyst Funds, noted that the economy remains resilient, but higher interest rates pose a significant hurdle for equities. The 10-year bond yield declined by 5.3 basis points, with traders now seeing a 79% chance of a rate hold in October, though a December hike remains likely. All 11 S&P 500 sectors ended the day higher, with utilities and real estate leading the gains. The Dow Jones Industrial Average added 359.08 points, the S&P 500 rose 66.16 points, and the Nasdaq Composite gained 228.58 points. Oil prices fell around 2% due to resilient Middle Eastern crude exports and a G7 release of emergency stocks, easing supply concerns. The third-quarter earnings season begins next week, with analysts projecting S&P 500 earnings to increase over 30% year over year, driven largely by AI-related stocks. Marvell Technology and AMD both saw gains after raising revenue forecasts and announcing plans to increase chip supply for AI demand. Constellation Energy led gains on the S&P 500, surging 13.9% after Google entered a 3,590-megawatt power deal with the company. Option Care Health jumped 32.7% following a $5.8 billion deal between Alphabet's Google, McKesson, and private equity firm Clayton Dubilier & Rice. Advancing issues outpaced decliners on both the NYSE and Nasdaq, with the S&P 500 recording 21 new 52-week highs and one new low, while the Nasdaq Composite achieved 48 new highs and 123 new lows.",
  "summary": "The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil prices fell, while investors looked ahead to the upcoming quarterly earnings season. Most of the ‘Magnificent Seven’ stocks ticked higher, with Meta, Tesla, Amazon and Microsoft all up between 0.5% and 1.7%. Chip designer Nvidia climbed 1.1%, pushing the market valuation of the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times - World News",
        "title": "Why are global stocks rising as oil prices fall and US Treasury yields stay near multi-decade highs?",
        "url": "https://urgent.news/2026/10/06/why-are-global-stocks-rising-as-oil-prices-fall-and-us-treasury",
        "published": "2026-10-06T13:09:09.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "S&P 500 hits a record as oil and Treasury yields slip",
        "url": "https://urgent.news/2026/10/06/s-p-500-hits-a-record-as-oil-and-treasury-yields-slip",
        "published": "2026-10-06T14:10:35.000Z"
      }
    ]
  },
  "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."
}