Why it matters
- The Nasdaq Composite closed at a record, and the S&P 500 ended within 0.3% of its summer high.
- Two cash buyouts, for PTC and RXO, showed companies are still paying big premiums for deals.
- The 10-year Treasury yield stayed above 5.3%, keeping borrowing costs high as stocks climb.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks rose Monday, Oct. 5, as two buyout announcements lifted Wall Street. The Nasdaq Composite gained 1.1% to a record 27,477.31, and the S&P 500 rose 0.7% to 7,773.95, within 0.3% of its record set this summer, according to The Associated Press.
| Index | Monday close | Change |
|---|---|---|
| S&P 500 | 7,773.95 | +51.23 (+0.7%) |
| Nasdaq Composite | 27,477.31 | +286.45 (+1.1%) |
| Dow Jones Industrial Average | 51,267.90 | +90.94 (+0.2%) |
| Russell 2000 | 2,847.14 | +14.24 (+0.5%) |
Source: The Associated Press.
What moved stocks on Monday?
Deals did. PTC jumped 33.5%, the biggest gain in the S&P 500, after France's Schneider Electric agreed to buy the software company for $205 per share in cash, a deal valued at $22.6 billion, the AP reported. Other software stocks rose with it, and Autodesk climbed 4.5%.
RXO rose 22.5% after C.H. Robinson Worldwide said it would buy the truck brokerage company for $30.25 a share in cash. C.H. Robinson fell 10.8%, the biggest loss in the S&P 500, according to the AP.
Across the Atlantic, Schneider Electric shares fell more than 9% after the PTC announcement, Trading Economics reported. The STOXX Europe 600 still added 0.3%.
AI-related stocks also helped. Nvidia and Broadcom each rose 2.1%, the AP said.
Services data and yields
The Institute for Supply Management's services index slipped to 54.9 in September from 55.4 in August, according to Trading Economics and Yahoo Finance. Any reading above 50 means growth. The survey's prices index rose to 74.0 from 72.6, a sign that cost pressures are still building.
The 10-year Treasury yield rose about 3 basis points to 5.31%, according to Yahoo Finance and the AP. Traders priced roughly an 80% chance that the Federal Reserve holds rates steady at its Oct. 27–28 meeting after Friday's weak jobs report, Trading Economics reported.
Oil and the dollar
Brent crude swung between about $100 and $103 a barrel and settled slightly above $100, the AP reported. Saudi Aramco cut its November prices for Asian buyers, a sign of more supply, according to Trading Economics.
The euro fell to about $1.117, its weakest level since May 2025, Trading Economics said. Spain's prime minister, Pedro Sánchez, called a snap election, adding to worries about France's finances and politics.
What's next for markets?
The U.S. trade report for August is due Tuesday at 8:30 a.m. Eastern time, and minutes from the Fed's September meeting come out Wednesday. Our day-ahead preview has the details, and the markets page tracks the latest numbers. For Friday's session, see our jobs-day recap.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- The Associated Press, How major US stock indexes fared Monday 10/5/2026
- The Associated Press via Newser, Markets get a boost from 2 buyout announcements
- Yahoo Finance, Stock market today: Nasdaq, Nvidia post record highs
- Trading Economics, U.S. 10-year Treasury yield
- Trading Economics, United States economic calendar
- Trading Economics, Brent crude oil
- Trading Economics, Euro
- Trading Economics, Euro area stock market