Markets
U.S. indexes, mega-caps, and the macro tape that moves risk assets — sourced. Not investment advice.
Services PMI Slips to 54.9 but Prices Paid Jump to 74 — Highest Since 2022 — as 10-Year Hovers Near 5.30%
ISM (Oct. 5, 10 a.m. ET): Services PMI 54.9 vs 55.4 Aug (27th month of expansion); Prices 74.0 (highest since July 2022); New Orders 59.8; Employment 50.1 (first >50 in three months); fuel costs most-cited issue. Robinhood ~9:27 a.m. MT: SPY +0.39%, QQQ +0.51%, DIA −0.18%; Intel ~−2.2%, Nvidia ~+1.2%. 10y ~5.30% (CoinDesk). CME ~80% October hold (Reuters). FOMC minutes Wed. Tape — not a trade call. Not investment advice.
Fed Minutes and 5.28% 10-Year Yield Test Stocks as Sunday Futures Open Soft
FXEmpire week-ahead; ts2.tech (10y ended 5.28%, +11 bp week); Calculated Risk / CNBC-Bloomberg via InvestingChannel (Sunday night: S&P futures −16, Dow futures −104 fair value). Fri close: Dow 51,176.96 (−1.26% week), S&P 7,722.72 (−0.27%), Nasdaq 27,190.86 (+0.45%); 10y 5.28% Fri; Wed Sept FOMC minutes 2pm EDT. Soft NFP +29k already covered — frame as week-ahead tape. Tape — not a trade call. Not investment advice.
Stocks Close Higher After Soft Jobs as 10-Year Yield Settles Near ~5.28%
Business Times / AP / Morningstar-DJ (Oct. 3 wraps of Friday Oct. 2 close): Dow +250.40 (+0.5%) to 51,176.96; S&P +56.27 (+0.7%) to 7,722.72; Nasdaq +319.27 (+1.2%) to 27,190.86. Soft NFP +29k vs ~90k; unemployment 4.2%; Oct hike odds ~22.7% (CME). 10y briefly below ~5.17% then closed ~5.28%. Week: S&P −0.3%, Nasdaq +0.5%, Dow −1.3%. Tape — not a trade call. Not investment advice.