US Equity Investors to Remain Focused on Treasury Yields Amid Light Macroeconomic, Corporate Calendar This Week
MT newswire2026/10/05 10:0706:07 AM EDT, 10/05/2026 (MT Newswires) -- US equity market investors will closely watch government bond yields, whose elevated levels are weighing on the stock market, as well as crude oil prices, in a week relatively light on macroeconomic data and earnings. * Last week on Friday, the 10-year government bond yield rose, trading close to its strongest level since 2002, and the 30-year also climbed, hovering near its loftiest level since 2002, even after September's nonfarm payrolls notably lagged the forecast, while July and August jobs were revised downward for a net reduction. The yields remained elevated even after the soft August personal consumption expenditures, or PCE, price index data, which is the Fed's preferred measure of inflation. * Investors will look out for the movement in Treasury yields, which seem to have remained firm amid a significant decline in market expectations for an interest-rate cut in October to about 22% on Friday last week from almost 70% earlier in the week, according to data compiled by the FedWatch tool. * A limited calendar this week will focus on ISM Services, the trade balance, claims, and University of Michigan consumer sentiment/inflation expectations, according to a note from Jefferies. * Crude oil prices were mixed early Monday after the Saudi Arabia-led military coalition said more than 300 "high value targets" have been hit in Yemen as allied ground forces battle the Houthis, according to a report from Al Jazeera, a Middle Eastern broadcaster. "We are providing air support to back the Yemeni armed forces on the ground around the clock," spokesman Major-General Turki al-Maliki said on the social media platform X, according to the news report. * Quarterly earnings due this week include Constellation Brands (STZ), Levi Strauss (LEVI), PepsiCo (PEP), and Delta Air Lines (DAL).
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Sector Update: Consumer
01:17 PM EDT, 10/05/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each adding 0.4%. In corporate news, Paramount Skydance (PSKY) Chairman and Chief Executive David Ellison will be chairman and CEO of the combined company following the anticipated close of Paramount's acquisition of Warner Bros. Discovery (WBD), Paramount said. Paramount shares were up 1.6%, and Warner was fractionally higher.
Exchange-Traded Funds Rise, US Equities Higher After Midday
01:10 PM EDT, 10/05/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 0.6%. US equity indexes were higher after midday Monday as government bond yields rose and crude oil fell. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) were each up about 1.1%. Technology The State Street Technology Select Sector SPDR ETF (XLK) gained 0.4%; iShares US Technology ETF (IYW) added 0.6%, and iShares Expanded Tech Sector ETF (IGM) was 0.6% higher. The State Street SPDR S&P Semiconductor (XSD) slipped 0.6%, and iShares Semiconductor (SOXX) fell 0.2%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.9%. Commodities Crude oil lost 1.1%, and the United States Oil Fund (USO) fell 1.4%. Natural gas added 0.9%, and the United States Natural Gas Fund (UNG) gained 0.7%. Gold on Comex eased 0.1%, and the State Street SPDR Gold Shares (GLD) lost 0.4%. Silver was up 1.5%, and iShares Silver Trust (SLV) gained 0.7%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 0.5% higher, and the Vanguard Consumer Staples ETF (VDC) rose 0.5%. The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.4%. VanEck Retail ETF (RTH) was up 0.2%, and the State Street SPDR S&P Retail (XRT) edged up 0.1%. Healthcare The State Street Health Care Select Sector SPDR (XLV) added 0.5%, while iShares US Healthcare (IYH) gained 0.5%, and Vanguard Health Care ETF (VHT) rose 0.6%. IShares Biotechnology ETF (IBB) advanced 0.7%. Industrial The State Street Industrial Select Sector SPDR (XLI) added 0.4%. Vanguard Industrials Index Fund (VIS) rose 0.5%, and iShares US Industrials (IYJ) gained 0.7%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed 0.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 1.2%,
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