Markets in 5Monday, October 12
Stocks close higher Friday on earnings optimism as Treasury yields edge up
US equities rose Friday with real estate and healthcare leading, the 10-year yield closed at 5.24%, and oil slipped overnight on a Russian diesel sanctions waiver.
Stocks
S&P 500, Dow and Nasdaq all gain on Friday
US stocks rose on earnings optimism in the October 9 session. The S&P 500 gained 0.59% to 7,811.54, the Dow Jones Industrial Average rose 0.83% to 51,654.95 and the Nasdaq added 0.64% to 27,366.17. The Russell 2000 closed up 0.46% at 2,806.98. Wall Street's largest banks are expected to report nearly $19 billion in stock-trading revenue next week, according to Trading Economics.','
Rates
Ten-year Treasury yield rises 2 basis points to 5.24%
Treasury data show the 10-year yield closed at 5.24% on October 9, up 2 basis points from 5.22% the day before. The 2-year yield rose to 4.80% from 4.75%, leaving the 2s10s spread at 44 basis points. The 10-year stood at 4.83% a month earlier and 4.14% a year ago. The 30-year yield held at 5.60%.
Sectors
Real estate and healthcare lead S&P 500 sectors higher
Real estate rose 1.85% and healthcare 1.48%, the strongest S&P 500 sectors on Friday, according to TheStreet. Humana jumped 12.18% on the 2027 Medicare Advantage Star Ratings. Crown Castle gained 11.27% after SpaceX agreed to acquire low-band wireless spectrum from Grain Management, while T-Mobile fell 9.54% and AT&T dropped 6.35% following the announcement.
Commodities
Oil slips as US waives sanctions on Russian diesel
Brent crude traded near $103.9, down 0.8%, and WTI near $90.7, down 1.3%, in overnight trading, according to NordFX. Oil slid after President Trump announced a deal for Russia to supply diesel, and the US Treasury waived sanctions on Russian diesel through April 2027. Gold fell 0.24% to $4,183.89, Trading Economics reported.
Global
Asia slips on South Korean losses while Europe edges higher
MSCI's Asian regional index slipped 0.2%, pulled down by a 3% fall in South Korean equities, according to Tickmill. Australia's ASX 200 closed 0.8% higher at 8,783. In early European trading the FTSE 100 and DAX each rose 0.49% and the CAC 40 gained 0.50%. US equity futures were modestly higher.