Stock Market Midday, Oct. 7: Rising Treasury Yields Pressure Stocks, Caterpillar tumbles over 6%
On Oct. 7, 2026, major indices pull back as bond yields surge and oil prices rise again.
Overview
As of 11:36 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.51% to 7,779, the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.55% to 27,449, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.98% lower to 51,018 as the indices pull back from records set on Tuesday.
Gold prices have fallen 1.53% to $4,100.75, and the 10-Year Treasury yield is up 4 basis points to 5.31%, close to its highest level since 2002. Many sectors fell this morning, with industrials and basic materials dropping the most, while healthcare and consumer defensive stocks gained.
Details
Caterpillar fell over 6%, weighing on the Dow after an analyst downgrade and investor jitters over artificial intelligence (AI) caused the industrial leader to pull back. Deere slid on news of a federal inquiry into agricultural equipment business practices. Webull tumbled 20% on reports that a congressional committee had raised concerns about its connections to China. Conversely, ZIM Integrated Shipping Services is climbing after raising its 2026 full-year guidance.
Source
Originally published at www.fool.com.