Market move● Neutral for Indian equities
Higher oil prices and bond yields narrow Wall Street’s stock rally
The brief
- Elevated oil prices and rising bond yields are narrowing Wall Street’s rally
- Investors are concentrated in AI-related stocks as the broader rally weakens
- Market Pulse: Key triggers to watch before the October 6 trading session
- US stocks: Nasdaq hits record as megacap gains offset elevated Treasury yields
- US stocks: US market opens muted as tech stocks take a breather
- US Stock Market Today: Dow Slips, Nasdaq Gains As Wall Street Trades Sideways Amid High Bond Yields
- US stock futures edge lower as Treasury yields, oil prices keep investors cautious
Markets respond to softer US jobs data
Asian stocks advanced as US employers hired fewer workers in September than forecast, cooling expectations of Federal Reserve rate hikes. The MSCI Asia-Pacific index gained 0.4–0.5%, while the Nikkei 225 rose 2.28% and the Topix 1.07%.
Monday, 5 October
- Higher oil prices and bond yields narrow Wall Street’s stock rally