6 hours ago
4
Key Takeaways
- The S&P 500 rose above 7,840 as Treasury yields, oil prices and the dollar eased.
- Bitcoin rose after some earlier stock-market records and fell after others.
- The conditions behind the record have mattered far more than the record itself.
Stocks reached a record as bond pressure eased
The S&P 500 climbed above 7,840 on October 6, reaching a new all-time high as oil prices retreated and Treasury yields eased. The Washington Post reported that the index had moved above that level, while Reuters noted that the 10-year Treasury yield had slipped about 2.1 basis points to 5.28%. Optimism around AI-linked companies and the coming earnings season added to the move.
The dollar also eased after recent strength, helping lift the mood across dollar-priced markets. Yet long-term borrowing costs remain high, with the 30-year Treasury yield near 5.66% dur...
English (US)