Markets · World · Press ✓ 2 outlets · closing levels from market data
S&P 500 and Nasdaq reach record highs as oil slips and Treasury yields fall
The S&P 500 closed at a record 7,818.93 on 6 October (+0.58%), and the Nasdaq also hit a record (CNBC and Reuters headlines). Treasury yields fell as oil slid (CNBC), and gold held steady as falling yields eased rate-hike bets (Bloomberg). Gold closed at US$4,187.1 and WTI at US$89.44.
Falling yields and cheaper oil support risk appetite and weaken the case for further US rate rises.
A calmer dollar can ease pressure on the shilling and on imported goods.
Records reflect confidence that inflation and rates will ease.
Records with oil near US$90 and Hormuz risk may be fragile.
Headline-level for the Fed comments; the Fed minutes are the next test.
DailyDrop Kenya edition No. 3 · Morning · WED., OCT. 7, 2026