Thursday, October 8th, 2026 The promise of a strong Q3 earnings season took a back seat Wednesday, for the first time this October, as realities of the present day give investors a good excuse for some profit-taking. Bond yields have wound down slightly from recent multi-decade highs, but remain elevated. And renewed attacks on Saudi energy infrastructure by Iran-backed Houthis have sent spot oil prices up +4.7% — $92 per barrel (/bbl) on WTI and $104/bbl for Brent crude. Pre-market futures are in the red at this hour: the Dow is -399 points, the Nasdaq is -242 and the S&P 500 is -33 points. The small-cap Russell 2000 is -24 points at this hour. Over the past six months, these indexes are up +6%, +24%, +14% and +5.
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