Stock Market Recap — Oct 1, 2026
Treasuries rebound after yields hit 24-year highs
A morning bond selloff gave way to a Treasury recovery, but elevated borrowing costs and energy-supply risks remained central to the market read. Strong corporate results offered selective support before weaker consumer guidance arrived after hours. • Bonds/Rates: The 10-year Treasury yield reached 5.338% before retreating to about 5.22%. France’s yield premium over Germany widened to its highest since 2012, while higher mortgage rates and bank-share losses showed the strain from borrowing costs. • Energy Supply: Disruptions in the Strait of Hormuz continued to threaten fuel markets. Major LNG buyer Jera saw no near-term return of Qatari supply, while European officials discussed releasing diesel reserves without announcing a coordinated move. • Accenture: Shares jumped more than 20% after quarterly revenue and bookings beat estimates. • Oracle: The Financial Times reported that Tencent agreed to lease about 100,000 advanced AI chips across Oracle data centers in a deal one source valued at roughly $7 billion. • Japan/Rates: Tokyo core inflation exceeded forecasts, strengthening the case for another Bank of Japan increase after earlier doubts about an October hike weighed on the yen. • Nike: Shares fell more than 3% after hours after the company forecast a fiscal-year sales decline and earnings below estimates. • Defense: RTX won a Navy contract worth up to $24.4 billion to expand missile production.
Intraday Updates
- 01:08 ET: Oracle reportedly lands $7 billion Tencent chip lease as yen weakens on BOJ rate outlook (100 stories)
- 06:01 ET: Treasury yields reach 24-year highs as Apollo joins $15 billion Japan AI project (86 stories)
- 10:17 ET: Accenture surges on strong bookings as US manufacturing expands (100 stories)
- 14:10 ET: Treasuries rebound amid widening euro-area bond spreads (100 stories)
- 18:35 ET: Nike forecasts sales decline as RTX wins $24.4 billion Navy contract (100 stories)
- 23:17 ET: Jera sees no near-term return of Qatari LNG as Tokyo inflation beats forecasts (82 stories)