Stock Market Today, Oct. 7: Markets Edge Lower as Treasury Yields Surge
On Oct. 7, 2026, the 30-year Treasury yield hit a 24-year high, pressuring tech and small-cap stocks as investors digest Fed meeting minutes.
Overview
The S&P 500 (SNPINDEX:^GSPC) fell 0.23% to 7,801 as investors pulled back from record levels, while the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.22% to 27,539 and the Dow Jones Industrial Average (DJINDICES:^DJI) lost 0.66% to 51,180.
Gold prices fell 1.34% to $4,130.80 as of U.S. market close, the 10-Year Treasury yield declined 0.04% to 5.27%, and Utilities led the session while Real Estate lagged and Technology remained a notable gainer.
Details
Caterpillar (NYSE:CAT) shares fell 5.7% after a broker downgrade to hold, and Constellation Brands (NYSE:STZ) slid after reaffirming its annual profit forecast. Conversely, Intel (NASDAQ:INTC) gained on news regarding its Terafab project while Nvidia (NASDAQ:NVDA) attracted interest following reports of a potential multi-billion-dollar chip deal with SpaceX.
Source
Originally published at www.fool.com.
Related Articles
- Trump awarding medals to Musk, Dell, Nadella and other tech execs at science summit
- Higher yields are taking their toll on all areas of the stock market, except the one that matters
- Donald Trump Threatened 300% Tariffs on Countries That Don't Invest in the U.S., Just Days After a Trump-Xi Summit Offered Only Limited Trade Relief. Here's Why That Threat Keeps Markets on Edge.