US Stock Futures Hold Steady Following Nasdaq Record on Diminished Fed Hike Expectations
Yahoo Finance ·
U.S. stock index futures showed little movement on Monday evening, October 5, 2026, following a record-setting session for the Nasdaq Composite. The tech-heavy index rallied 1.1% to a historic peak of 27,477.31, while the S&P 500 gained 0.7% and the Dow Jones Industrial Average added 0.2%. Technology equities spearheaded the advance, highlighted by a 2.1% surge in Nvidia that lifted its market capitalization to approximately $5.76 trillion, alongside gains in Microsoft, Meta, and Tesla. The positive momentum stems from September employment data showing a sharper-than-expected slowdown in job creation, causing market expectations for an October Federal Reserve interest rate hike to plummet from roughly 70% to about 20%. Concurrently, the 10-year Treasury yield edged up to 5.31%, while investors now shift their primary focus toward the upcoming third-quarter corporate earnings season and the release of the central bank's September meeting minutes.
AI 시장 분석
The Nasdaq hit a record high, driven by diminished expectations of a Federal Reserve rate hike in October and the announcement of a slowdown in employment. Amid the tech-driven strength, S&P 500 and Dow futures maintained a stable trend with a flat performance. Investors are awaiting the next catalyst while keeping an eye on the upcoming Q3 earnings season and the release of the FOMC minutes.
상승 영향
- AI — NVIDIA rose 2.1% and recorded a record market cap, as eased concerns over Fed rate hikes directly drove valuation expansion across tech stocks.
- Growth Stocks — As the probability of an October rate hike plummeted from 70% to 20%, the burden of future cash flow discount rates decreased, attracting buying pressure primarily toward mega-cap tech stocks like Meta and Microsoft.
하락 영향
- Bonds — Due to massive government debt issuance and persistent inflation concerns, the 10-year Treasury yield rose to 5.31%, exerting downward pressure on bond prices.
DYAX 전담 분석
Due to the slowdown in September job growth, the probability of an October rate hike based on the CME FedWatch plummeted from 70% a week ago to 20%, injecting accommodative expectations into the market. Consequently, growth and tech stocks led the strength, with the Nasdaq rising 1.1% and NVIDIA recording a market capitalization of $5.76 trillion. However, the 10-year Treasury yield remains high at 5.31%, meaning the burden of prolonged high interest rates persists.
Future stock prices will heavily depend on the upcoming Q3 earnings results of major banks and corporations as well as inflation indicators. Since rate hike concerns have not been completely resolved, caution is warranted, as a lack of strong corporate earnings could reignite valuation pressures stemming from high Treasury yields.
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