Stock Market Today: Indexes Mixed at Opening Bell as Treasury Yields Rise, Oil Prices Fall

Major U.S. stock indexes were mixed to begin the new trading week, with the tech-focused Nasdaq Composite touching a new intraday record, as the 10-year Treasury yield rose but oil prices declined.

The Nasdaq and benchmark S&P 500 rose a respective 0.7% and 0.4% in recent trading, while the blue-chip Dow Jones Industrial Average slipped 0.2%.

The three major indexes ended higher Friday, with the Nasdaq hitting a record high, after the U.S. added fewer jobs than expected in September. The Nasdaq posted a third straight weekly gain, although the Dow and S&P 500 finished lower for the week.

The 10-year Treasury yield, which serves as a benchmark for a wide range of interest rates, recently was near 5.32%, up more than three basis points from Friday’s close. The yield on Thursday hit a fresh 24-year high of nearly 5.35%.

After Friday’s U.S. monthly employment report said 29,000 jobs were added in September, below economists’ expected addition of 84,000 and well below the 162,000 figure in August, traders now see a 22% likelihood that the Federal Reserve will raise interest rates at its late-October meeting, down from 71% one week ago, per CME FedWatch.

This is expected to be a quiet week of corporate results before earnings season begins in earnest next week. It should be a muted one for economic indicators as well.

In corporate news, shares of Nvidia (NVDA) rose more than 1% after the world’s most valuable public company hit a new all-time high Friday. The Roundhill Magnificent Seven ETF (MAGS) rose about 1% after all of the Magnificent Seven mega-cap tech companies advanced to end last week.

Western Digital (WDC) and Seagate Technology (STX) rebounded 6.5% and 5%, respectively, after each sank 10% Friday following a Nikkei Asia report that their Japanese rival Toshiba will be doubling its production capacity for hard disk drives.

Crypto-tied stocks Strategy (MSTR), Coinbase Global (COIN), and Circle Internet Group (CRCL) gained premarket as bitcoin rose modestly to $85,800.

Oil prices declined as traders digest the latest Middle East developments, including Friday’s news that the Group of Seven nations agreed to release 100 million barrels of crude and diesel stockpiles. U.S. benchmark West Texas Intermediate crude futures were 1.2% lower at around $90 a barrel, while front-month Brent crude futures, the international benchmark, were down 0.5% to $101.70.

The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, rose 0.4% to 102.32. It was helped by the euro falling to its lowest level against the greenback since May 2025 amid an emerging financial crisis in France and the call for snap elections in Spain. Gold futures were little changed at $4,165 an ounce.