US Stock Market: Tech Stocks Drive Nasdaq Composite To New Record; Dow Jones, S&P 500 Futures Up; Wall Street Predictions On October 6

The Nasdaq Composite index has touched a new record high due to a strong buying trend in technology stocks as investors looked beyond elevated oil prices and multi-decadal high treasury yields. Wall Street started the week on a promising bullish note after a softer-than-expected jobs report that eased concerns of a rate hike from the US Federal Reserve in October. The week will also witness some major quarterly earnings.

Nasdaq Composite Hits New All-Time High

The Nasdaq Composite touched a new all-time high of 27,544.06 in yesterday’s trading session before ending at 27,477.31, up by 1.05%, or 286.45. Nasdaq emerged as top performer of the day.

Artificial intelligence and technology stocks boosted the rally in Nasdaq. Nvidia and Tesla climbed over 2% each, while Microsoft surged 1.5%. Alphabet gained 1%, Meta jumped 2% and Broadcom rallied over 2% as well.

SpaceX skyrocketed by 8% after reports indicated that the Elon Musk-backed rocket maker has proposed to build natural gas pipeline in Florida, in order to support Starship launches from Cape Canaveral.

Dow Jones + S&P 500

Investors, however, were cautious in other indices, as the continuous spike in 10-year and 30-year treasury yields, which climbed their highest level since 2002, kept the economic conditions uncertain and inflationary pressures looming. The 10-year Treasury yield surged to 5.33%, the highest level since March 2022.

At the same time, cost pressures intensified, highlighting renewed inflation risks despite the moderation in business activity. Bond markets have faced persistent selling pressure in recent weeks, although Friday’s weaker-than-expected jobs report pushed yields lower and reduced expectations of another near-term Fed rate increase. Attention is now turning to Wednesday’s meeting minutes for further clues on the central bank’s policy outlook. Markets currently see an approximately 82% probability that the Fed will leave rates unchanged at its next meeting, as per Trading Economics.

Accordingly, the Dow Jones ended at 51,267.90, higher by 90.94 points or 0.18%. Also, S&P 500 closed higher by 51.23 points or 0.66% to end at 7,773.95.

US Stock Futures Today, October 6, 2026

The Dow Jones futures gained by 69 points to trade at 51,627, while the S&P 500 futures edged higher by 6 points to trade at 7,832.25. The Nasdaq 100 futures jumped 20.75 points to trade at 31,338.50.

US stock futures edged higher on Tuesday after the major averages began the week on a strong footing, with technology stocks rallying despite pressure from surging bond yields, the Trading Economics report said.

US Stock Market Outlook On October 6 2026

On Tuesday, US trade balance will be reported. And companies like Apogee Enterprises Inc. (APOG), Constellation Brands Inc. (STZ), Lamb Weston Holdings Inc. (LW), Neogen Corporation (NEOG), Penguin Solutions Inc. (PENG), and RPM International Inc. (RPM) will be in focus for their quarterly reports.

As per Ponmudi R, CEO of Enrich Money, geopolitical risks remain elevated. Saudi-led coalition naval forces carried out an operation in Yemen’s Al-Hudaydah governorate aimed at disrupting Houthi threats to shipping routes in the southern Red Sea and Bab el-Mandeb. At the same time, attacks and threats against energy infrastructure remain a key risk, limiting the downside for crude prices and keeping market sentiment sensitive to further developments in the region.

He added, the near term fundamental outlook remains cautiously constructive. Easing crude prices and improving global risk sentiment are providing near-term support, but persistent geopolitical uncertainty and the possibility of renewed disruptions to energy and shipping routes are likely to keep investors cautious. The sustainability of the recovery will depend largely on crude-price stability and further developments across the Middle East.

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