US stocks: S&P 500, Nasdaq retreat from records as oil and Treasury yields rebound

Oct 7, 2026

In a market retreat, the Nasdaq and S&P 500 pulled back from their record highs amid rising Treasury yields and oil prices. Investors remain cautious as they await the Federal Reserve's meeting minutes. Meanwhile, forecasts show a significant increase in energy-sector profits for the third quarter, despite noticeable declines in chip stocks, particularly for Micron Technology and Nvidia, highlighting a trend of gains concentrated among a few major firms.

Morning Dispatcher

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.