Update: US Equity Indexes Rise Amid Treasury Yields Touching Highest in Two Decades, Crude Oil Declining

01:17 PM EDT, 10/05/2026 (MT Newswires) -- (Updates with index/price moves and company/geopolitical news from the first paragraph.) US equity indexes rose amid government bond yields surging to the highest in more than two decades, while crude oil fell after Iran-backed militant group Houthis reportedly ceded territory it captured in September. The Nasdaq Composite advanced 0.8% to 27,419.9, the S&P 500 climbed 0.6% to 7,769.4, and the Dow Jones Industrial Average rose 0.1% to 51,251.9 after midday Monday. All sectors except one rose, with energy leading the gainers. Real estate slipped. In economic news, the Institute for Supply Management's US services index fell to 54.9 in September from 55.4 in August, compared with expectations for 55.0 in a survey compiled by Bloomberg. The ISM's reading indicates slower expansion. Regional services data were mixed. The S&P Global US services index rose to 58.8 in September from a 58.7 flash reading, up from the 56.5 reported in August, compared with expectations for no revision in a survey compiled by Bloomberg. The September index is higher than the 56.5 reported in August. US Treasury yields rose, with the mid-to-long end outpacing shorter maturities, steepening the yield curve. The 30-year rate surged 6.7 basis points to 5.70%, its highest since 2002. The 10-year yield jumped 6.4 basis points to 5.34%, its strongest level since 2002. The 2-year yield rose 2.7 basis points to 4.85%. Saudi Arabia-backed Yemeni government forces advanced on Monday to retake the coast around the Bab el-Mandeb Strait, a chokepoint similar to the Strait of Hormuz, pushing the Iran-backed Houthis out of most of the areas they had seized in September, Reuters reported. Meanwhile, Iran's Interior Minister Eskandar Momeni travelled to Doha at the invitation of his Qatari counterpart, Al Jazeera reported. Tasnim news agency said Momeni is scheduled to hold talks with Interior Minister Sheikh Khalid bin Hamad bin Khalifa Al Thani during the official visit, per the news report. Despite suffering repeated attacks after the US and Israel struck Iran, mediation efforts by Qatar are ongoing to restart talks between Tehran and Washington. The front-month US West Texas Intermediate crude oil contract slipped 1.2% to $90.04 per barrel, and the global benchmark North Sea Brent edged 1.4% lower to $100.80 per barrel. In company news, Schneider Electric plans to acquire PTC (PTC) in an all-cash deal valued at $23.7 billion, it said. Shares of PTC soared 34%, the top gainer on the S&P 500. C.H. Robinson Worldwide (CHRW) has agreed to acquire RXO (RXO) in a cash-and-stock deal valued at $5.8 billion, it said. C.H. Robinson shares slumped 12.5%, the steepest decline on the S&P 500.