Q3 Earnings Season Opens as 10-Year Treasury Yield Hits 24-Year High

Investing.com·5 Oct 2026·

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Summary · why it matters

U.S. stocks closed higher Friday after a surprisingly weak September jobs report raised hopes that the Federal Reserve will hold interest rates steady at its October meeting, with the Dow Jones Industrial Average gaining 250 points, or 0.5%, to close at 51,176.46, the S&P 500 adding 0.7%, or 56.27 points, to 7,722.72, and the Nasdaq Composite climbing 1.2%, or 319.27 points, to 27,190.86 after hitting a record earlier in the session. For the week, the Dow fell about 1.3% and the S&P 500 slipped 0.3%, while the Nasdaq rose 0.6%. The rally faces a jump in bond yields, with the 10-year Treasury yield hitting 5.34% on Thursday, its highest level in 24 years, driven by expectations for strong growth, rising energy costs pushing up inflation, and heavier corporate debt issuance to fund AI buildouts. Earnings season kicks off this week with PepsiCo and Delta Air Lines among the first large companies to report, before major banks open the broader season the following week, and minutes from last month's Fed meeting are due Wednesday. Investors are also awaiting November 3 midterm elections, which will decide control of Congress.

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