US shares rose on Monday, October 5. The Nasdaq Composite added 1.05% to a record 27,477.31, the S&P 500 gained 0.66% to 7,773.95 and the Dow 0.18% to 51,267.90. Nvidia traded at an all-time high near $237, above its previous record close of $235.74 from May 14. The ISM services index for September came in at 54.9, down from 55.4 in August, while its prices index rose to 74.0 from 72.6. The 10-year Treasury yield rose 3 basis points to 5.31%.
Why it matters for listed companies
The gains were concentrated in large technology and AI-linked companies, so the index record says less about the rest of the market. The ISM survey shows service businesses still growing but paying sharply more for inputs, which keeps the inflation question open for the Federal Reserve after September's weak jobs report. A 10-year yield of 5.31% raises the cost of mortgages, corporate refinancing and government borrowing, and weighs on the market value of bonds that banks and insurers hold. Rate-sensitive sectors such as real estate and utilities are the most directly exposed.
Euro in US dollars 1.1204 → 1.1208+0.0004 05 Oct 2026 → 15 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show
what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.
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