Stocks rise to kick off October as AI-related names gain: Live updates
Wall Street is poised for a positive open to start October, driven by artificial intelligence-related names and tech gains that offset ongoing bond market jitters. Investors are balancing a softer inflation picture, marked by a cooler-than-expected core personal consumption expenditures print, alongside elevated Treasury yields and uncertainty over the Federal Reserve's upcoming monetary policy decisions. Major indexes recently experienced choppy trading conditions, with the Nasdaq closing as the lone gainer on the day and month prior to the start of the new quarter.
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- ✓ Wall Street is set for a higher open to kick off October, with tech gains offsetting bond-market jitters.
- ✓ A cooler-than-expected core PCE print lifted stocks early, but a rebound in yields and a sharp final-hour selloff left the Nasdaq as the lone gainer on the day and month.
- ✓ Investors are weighing a softer inflation picture, higher Treasury yields, and uncertainty over the Fed's next rate decision.
What changed
U.S. stock futures pointed to a positive open for Wall Street to kick off October, supported by gains in technology and AI-related names.
Live updates
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Stocks Rise to Kick Off October on Tech and AI Gains
Wall Street is poised for a positive open to start October, driven by artificial intelligence-related names and tech gains that offset ongoing bond market jitters. Investors are balancing a softer inflation picture, marked by a cooler-than-expected core personal consumption expenditures print, alongside elevated Treasury yields and uncertainty over the Federal Reserve's upcoming monetary policy decisions. Major indexes recently experienced choppy trading conditions, with the Nasdaq closing as the lone gainer on the day and month prior to the start of the new quarter.
Why it matters
Market participants are closely tracking shifting macroeconomic indicators, including rising Treasury yields and an upcoming jobs report. Technology and artificial intelligence-related names remain central to market momentum, providing counterweight to broader economic concerns and bond selloffs. Meanwhile, broader geopolitical tensions and economic pressures continue to influence market sentiment.
What is confirmed
- Wall Street is set for a higher open to kick off October, with tech gains offsetting bond-market jitters.
- A cooler-than-expected core PCE print lifted stocks early, but a rebound in yields and a sharp final-hour selloff left the Nasdaq as the lone gainer on the day and month.
- Investors are weighing a softer inflation picture, higher Treasury yields, and uncertainty over the Fed's next rate decision.
Still unconfirmed
- Futures slide as oil jumps and bond selloff resumes after Trump spurns Iran offer.
What to watch next
- The release of the upcoming jobs report
- Federal Reserve interest rate decisions
- Further earnings reports and tech sector performance
confidence 90%Sources used for this update (15)
- aaronparnas.substack.com — Important Saturday Night Update - by Aaron Parnas
- www.zerohedge.com — Futures Slide As Oil Jumps, Bond Selloff Resumes After Trump Spurns Iran Offer | ZeroHedge
- aaronparnas.substack.com — ‘F*cking P*dophile’: Trump Faces Backlash as Food Banks Run Dry, Fuel Costs Soar, Healthcare Premiums....
- cnbc.com — Stock futures are flat as traders eye elevated Treasury yields and brace for jobs report due this week: Live updates
- pro.thestreet.com — Cool Inflation Print Overshadowed by Rising Yields as Stocks Stumble Into Quarter-End
- Investor's Business Daily — Dow Jones Futures: Micron Earnings Crush Views, S&P 500 At Critical Level As Treasury Yields Rise
- www.cnbc.com — Stock market today: Live updates - CNBC
- KITCO — Wall St set for higher open tech gains offset bond-market jitters
- Investing.com — U.S. stock futures point to a positive open for Wall Street to kick off October
- Yahoo Finance — Micron’s AI-driven outlook; Nike to report - what’s moving markets
- jen.jiji.com — Israel-Gaza, former negotiator Shalit: "October 7th downsized Hamas but also the hope of living in peace"
- thespinoff.co.nz — Live updates, June 26-28: Four new cases of Covid-19; royal commission interviews mosque shooter | The Sp....
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