Nasdaq hits a record even as the 10-year yield touches a 24-year high

The Nasdaq rose 1.05% to a record 27,477 and the S&P 500 added 0.66% on Monday, while the 10-year Treasury yield touched about 5.35% intraday, its highest since 2002; Schneider Electric's $205-a-share cash bid for PTC lifted software.

Deepakshi Sharma

Kristal Research

6 Oct2 min

Key takeaways — AI summary

The Nasdaq Composite gained 1.05% to a record 27,477 — its 23rd record close of 2026 — and the S&P 500 rose 0.66% to 7,774, with every sector up except real estate.
The 10-year Treasury yield touched roughly 5.35% intraday, its highest since 2002, closing near 5.31%; the document notes stocks are trading a Fed pause while bonds trade deficits, energy and the AI build-out.
Schneider Electric agreed to buy industrial-software maker PTC for $205 a share in cash, a 42% premium, sending PTC up 33.5%; Vaxcyte jumped 28.8% on positive vaccine trial data and RXO rose 23.1% on a C.H. Robinson takeover.
Oil slipped despite reported missile strikes on two Saudi refineries, with WTI down 1.8% to $89.43 and Brent at $100.32; gold eased 0.29% to $4,127 in Asian trade.
Rate-hike bets for the Fed's October 28 meeting cooled to about 21% from over 70% a week earlier after Friday's weak jobs report showed just 29,000 jobs added.

Generated by Kristal AI · reviewed by the research desk

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