Stocks rise on Friday as the 10-year yield edges up to 5.244%
U.S. stocks rose on Friday: the S&P 500 gained 0.59% to 7,811.54, the Nasdaq rose 0.64% to 27,366.17 and the Dow added 0.83%, or 423.31 points, to 51,654.95, by DailyDrop’s market feed and the Straits Times. Wall Street posted weekly gains with earnings and inflation data ahead, the Straits Times reported. WTI crude rose 0.39% to $91.85 a barrel and gold gained 1.43% to $4,216.30. The 10-year Treasury yield rose 1.3 basis points to 5.244%. Bloomberg said the AI-driven strength in major indexes masks a widening retreat across markets as high oil prices and borrowing costs bite, and the Japan Times said Treasury yields are at their highest in nearly 25 years. Reuters reported that consumer sentiment deteriorated further in October, and Delta cut its profit forecast on fuel costs.
The 10-year yield sets borrowing costs for mortgages and companies, and oil feeds inflation. Stocks are rising even as yields sit at multi-decade highs, which Bloomberg says leaves the rally dependent on AI-linked shares.
High yields keep mortgage rates and credit card costs elevated. Retirement accounts weighted toward technology carry the most exposure if the AI rally stalls.
Earnings and AI spending are strong enough to support valuations.
Rising oil and yields are already hurting parts of the market, and a narrow rally is fragile.
Markets are closed Saturday and Sunday. Monday, Oct. 12, is Columbus Day: stocks trade but bonds do not. The next hard test is September CPI on Oct. 14, then the Fed meeting on Oct. 28.
DailyDrop U.S. No. 6 · October 10, 2026