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Stocks Down Pre-Bell as Traders Await Fed Meeting Minutes

Stocks Down Pre-Bell as Traders Await Fed Meeting Minutes

06:46 AM EDT, 10/05/2026 (MT Newswires) -- The benchmark US stock measures were pointing lower before the opening bell Monday as traders await minutes from the Federal Reserve's last policy meeting due later in the week. The S&P 500, the Dow Jones Industrial Average and the Nasdaq 100 fell 0.2% each in premarket activity. The Nasdaq finished Friday trading with weekly gains, while the Dow and S&P 500 recorded weekly losses. The Fed is scheduled to post minutes from its September policy meeting Wednesday, which will be assessed for fresh insight on the central bank's monetary policy. At that meeting, the central bank raised interest rates by 25 basis points, its first hike in just over three years, to combat inflation running persistently above its 2% target. Treasury yields trended downwards early Monday, with the two-year rate retreating 1.9 basis points to 4.81% and the 10-year rate off 1.3 basis points to 5.26%. Last week, official data showed the US economy added fewer jobs than expected last month, likely giving the Fed some breathing room to hold interest rates steady later in October. "While a still positive pace of job creation coupled with an upward revision to (second-quarter) growth signals an ongoing solid underlying economy, from a policy standpoint, a weaker-than-expected payroll report reinforces the Fed's more cautious approach to rate hikes," Stifel Economics said in remarks emailed to MT Newswires on Friday. Markets are currently pricing in an 80% probability that the Fed will keep its benchmark rate steady this month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool. Monday's economic calendar has the purchasing managers' index composite final report from S&P Global (SPGI) for September at 9:45 am ET, followed by the Institute for Supply Management's services index for the same month at 10 am. West Texas Intermediate crude oil dipped 0.5% to $90.64 a barrel, while Brent inched lower at $102.25. Sources told Bloomberg News on Monday that oil flows in

MT newswire•2026-10-05 10:46
US Equity Investors to Remain Focused on Treasury Yields Amid Light Macroeconomic, Corporate Calendar This Week

US Equity Investors to Remain Focused on Treasury Yields Amid Light Macroeconomic, Corporate Calendar This Week

06:07 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).

MT newswire•2026-10-05 10:07
Dow Jones Top Company Headlines at 5 AM ET: Schneider Electric to Buy Software Maker PTC for $22.6 Billion | Shionogi ...

Dow Jones Top Company Headlines at 5 AM ET: Schneider Electric to Buy Software Maker PTC for $22.6 Billion | Shionogi ...

Schneider Electric to Buy Software Maker PTC for $22.6 Billion The acquisition aims to create one of the largest industrial-software at a time when the rise of AI is reshaping customer needs. ---- Shionogi to Acquire IntraBio for $2 Billion The Japanese drugmaker said IntraBio's expertise would strengthen capabilities across its rare disease pipeline. ---- Robotics Startup RobCo Hits $1 Billion Valuation The German company aims to capitalize on growing demand for autonomous industrial robots. ---- These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas. The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston. ---- Akzo Nobel to Sell Southeast Asia Decorative Paints Business for $1.35 Billion Akzo Nobel said the planned sale would mark the conclusion of its decorative paints portfolio review in Asia and it would continue to focus on closing of its planned merger with Axalta Coating Systems. ---- The Carmaker Vying With Tesla to Conquer the Robot Future Hyundai is planning scores of new human-driven cars while Tesla is turning away from the steering wheel. ---- Spending on AI Is Becoming Almost Impossible for Businesses to Budget AI use is measured in tokens, but the models' use of tokens at any given task can be unpredictable. ---- Amazon's Crime Thriller 'Verity' Tops the Weekend Box Office The Anne Hathaway film overpowered Tom Cruise's latest. ---- The '90s Are Back in Style. Levi's Is Cashing In. The 173-year-old denim maker is enjoying a comeback as shoppers rediscover jeans with low rises and loose fits. ---- The Layoff Announcements Keep Coming, but No One Knows Who, Where or When From Nike to Meta, companies are telegraphing broad cuts in advance, leaving workers in limbo on the details. ---- Luxury Stocks Are Selling at Fast-Fashion Prices Trends that made luxury companies like LVMH such a brilliant investment over the past 20 years are fading. ---- The Brothers Dominating the $211 Billion Car Repair M

Dow Jones•2026-10-05 09:00
Dow Jones Top Company Headlines at 3 AM ET: Schneider Electric to Buy Software Maker PTC for $22.6 Billion | These ...

Dow Jones Top Company Headlines at 3 AM ET: Schneider Electric to Buy Software Maker PTC for $22.6 Billion | These ...

Schneider Electric to Buy Software Maker PTC for $22.6 Billion The company said the acquisition aims to create one of the largest industrial-software portfolios. ---- These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas. The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston. ---- Akzo Nobel to Sell Southeast Asia Decorative Paints Business for $1.35 Billion Akzo Nobel said the planned sale would mark the conclusion of its decorative paints portfolio review in Asia and it would continue to focus on closing of its planned merger with Axalta Coating Systems. ---- The Carmaker Vying With Tesla to Conquer the Robot Future Hyundai is planning scores of new human-driven cars while Tesla is turning away from the steering wheel. ---- Spending on AI Is Becoming Almost Impossible for Businesses to Budget AI use is measured in tokens, but the models' use of tokens at any given task can be unpredictable. ---- Amazon's Crime Thriller 'Verity' Tops the Weekend Box Office The Anne Hathaway film overpowered Tom Cruise's latest. ---- The '90s Are Back in Style. Levi's Is Cashing In. The 173-year-old denim maker is enjoying a comeback as shoppers rediscover jeans with low rises and loose fits. ---- The Layoff Announcements Keep Coming, but No One Knows Who, Where or When From Nike to Meta, companies are telegraphing broad cuts in advance, leaving workers in limbo on the details. ---- Luxury Stocks Are Selling at Fast-Fashion Prices Trends that made luxury companies like LVMH such a brilliant investment over the past 20 years are fading. ---- The Brothers Dominating the $211 Billion Car Repair Market Mavis, Midas and Pep Boys are on a tear across the country as the average car is a historic 13 years old and more complex than ever ---- FAA Says 737 MAX Software Glitch Doesn't Pose Safety Issue The problem had raised safety concerns in the airline industry, panel of regulators reviewed. ---- Delta Is the Only Big Four Airline

Dow Jones•2026-10-05 07:00

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