Why it matters
- The 10-year Treasury yield is the benchmark for borrowing costs around the world.
- Stocks rising alongside yields shows how strongly investors are betting on AI-related earnings.
- Oil above $100 keeps pressure on inflation and on central banks.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks ended Thursday slightly higher despite another jump in bond yields.
The S&P 500 rose 0.29% to 7,673.89, the Nasdaq Composite gained 0.25% to 26,929.52 and the Dow Jones Industrial Average finished nearly unchanged at 50,912.33, according to Yahoo Finance. The Russell 2000 index of smaller companies rose 0.42%.
Yields touch a 24-year high
The yield on the 10-year Treasury note touched 5.34% during the session, the highest since 2002, before easing to about 5.24%, Yahoo Finance reported. Jobless claims fell to 197,000, a sign the labor market is holding up ahead of Friday's jobs report.
Chips lead, oil climbs
Chipmakers led the gains after Micron Technology reported record quarterly revenue of $54.23 billion and forecast an even stronger quarter ahead. Energy stocks also rose as crude climbed: Brent settled near $100.60 a barrel, up 2.6%, and U.S. crude rose 2.8% to $92.96, according to TheStreet and Yahoo Finance.
After the close, Nike shares fell even though the company's results beat expectations, TheStreet reported.
Sources
- Yahoo Finance, Stock market today, Oct. 1, 2026
- TheStreet, Stock market today, Oct. 1, 2026
- Micron Technology, Fiscal fourth-quarter 2026 results