NASDAQ 100 rebounds! Buybacks provide support, while strong job openings drive interest rates higher
I have summarized the key points of today’s U.S. stock market in an easy-to-understand way!
Just by looking at this, you’ll be fine with the daily market!
※Updated daily!
The NASDAQ 100 rose 0.68%, and the S&P 500 also rebounded.
While buying returned to stocks that had been sold off until the previous day, the majority of S&P 500 components fell, and the Dow Jones Industrial Average also declined.
Long-term interest rates rose following the upward surprise in job openings, and the market was in a wait-and-see mode for the midterm election results.
Now, let’s dive into the detailed market commentary!
Market Summary
Rebound driven by buybacks, gains concentrated in a few areas
✅NASDAQ 100 +0.68% / S&P 500 +0.36%
✅Dow Jones -0.38%
✅VIX 20.83 (-0.32, -1.51%)
Buying returned to stocks that had been sold off until the previous day due to concerns over the profitability of AI investments, pushing up the NASDAQ 100 and S&P 500.
Meanwhile, the majority of S&P 500 components fell, showing a divergence between the index rebound and the broader market performance.
JOLTS Job Openings and U.S. Treasuries
Resilient labor demand keeps additional rate hikes in focus
✅September job openings: 7.523 million (+333,000 from previous month)
✅August job openings revised upward to 7.190 million
✅U.S. 10-year Treasury yield: 4.97% (+0.056 points)
Job openings exceeded market expectations, reaching a four-month high.
With increased hiring and fewer layoffs, the resilience of labor demand was highlighted, supporting expectations for additional rate hikes by the Fed.
U.S. Treasuries were sold, and long-term interest rates rose.
Manufacturing New Orders
September orders increase for the third consecutive month
✅September orders: +1.8% month-over-month (forecast +1.2%)
✅August orders revised upward to +0.3% month-over-month
New manufacturing orders for September exceeded expectations, with the pace of growth accelerating from the previous month.
As shipments also increased, order backlogs accumulated, indicating that orders for the manufacturing sector remain resilient.
Crude Oil
Continues to fall, but fluctuates on reports of U.S.-Iran talks
✅Brent: $103.60 (-1.1%)
✅WTI: $96.09 (-0.4%)
✅Conflicting reports on consideration of mediation proposals and Iranian response
Early in the morning, prices rose following reports of a U.S. attack on Iran’s Qeshm Island, but they later fell on reports that the U.S. and Iran were considering the latest proposal from mediators.
Furthermore, when the Iranian side stated there was no new progress in the talks, crude oil narrowed its losses.
Progress in negotiations and the transport situation in the Strait of Hormuz are influencing supply concerns.
Summary
Indices rebound; focus remains on interest rates and the election outcome
✅ NASDAQ 100 and S&P 500 rebound, while the Dow Jones Industrial Average falls
✅ Job openings and manufacturing orders increase, long-term interest rates also rise
✅ Crude oil fluctuates on reports of negotiations, midterm election results are pending
While buybacks supported the indices, gains remained limited.
Moving forward, the focus will be on the outlook for policies and regulations after the midterm elections, the Fed’s interest rate decisions based on resilient labor demand, and changes in crude oil supply due to Middle East negotiations.
To you who have learned from the past—are you ready to anticipate the future?
Understanding past trends is super important for making money in investing!
But… isn’t what really matters what happens next?
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✅ Which stocks have the potential to explode next?
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From here on, it’s a story about the future.
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■ Individual stock performance
The following is the performance of individual stocks introduced in the Market Forecast Note.
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