Equities rebound to close higher as surging Treasury yields recede

Equities rebound to close higher as surging Treasury yields recede

By Chuck Mikolajczak and Johann M Cherian

Thu October 1, 2026  

After spending most of the day in the red, the indexes all rebounded in the afternoon to close just above break-even.  Treasury yields continued to climb with the 10-year hitting a 24-year high. PMI came in 2 points lower than August due to increased input prices which again raises the specter of inflation. In good news, jobless claims dipped 3,000 below the 200,000 forecast indicating a solid job market.  

The Fed Vice chair also hinted at more time before another rate hike, dropping the odds of an October hike now to 28.2% vs 70% earlier this week. The best news was today’s expert commenting, “Even though valuations have come down, the market’s still not cheap so I’m not bearish. There’s nothing particularly scary about what’s happening in the markets right now.”  Volume came in right in line with the 17.19 average, closing today at 17.25 billion. 

DJ: 50,906.05  -443.87        NAS: 26,861.06  +63.52         S&P: 7,651.54  -19.30           9/30

DJ: 50,926.56  +20.51         NAS: 26,871.60  +10.53         S&P: 7,666.45  +14.91           10/1

Thu 10-1-26 5:15 pm Equities rebound to close higher as surging Treasury yields recede | Reuters