Markets Today:stocks up, oil down after finding resistance at $106 a barrel 5 October 2026

Markets Today:stocks up after Brent crude oil down for the day after previously finding resistance at $106 a lower low from the $111 dollar a barrel resistance levels . the NASDAQ making new all time highs, most big mega cap tech stocks up on the day with META formally Facebook up 1.9% , Nike shares after there disappointing earning report recently little changed today up 0.22% . on the macro economic data side today with US services PMI data coming in little changed at 58.8 from a consensus off 58.7 , US ISM non manufacturing data actual figure was 54.9 from analyst expectations off 55.1 .

Wall Street traded higher as the focus shifted to climbing yields and a record wave of positive Q3 earnings guidance. Despite 5% Treasury yields threatening to curb momentum, equities remained resilient with 72 S&P 500 firms raising their outlooks ahead of the reporting season. Meanwhile, the Euro came under pressure as French bond contagion fears intensified, with the French central bank chief warning that interest rates could strangle the domestic economy.

Bitcoin tested the $87,000 level as the U.S. CFTC joined the SEC in proposing a new federal framework for crypto market oversight. The push for regulation failed to dampen sentiment, as traders look toward a $95,000 target following the asset's best weekly close in eight months. Market activity was further buoyed by S&P Global entry into crypto risk assessments and the launch of onchain trading for major U.S. equities like Nvidia and Tesla.

Ad · Medium Rectangle 300×250

Energy markets saw the resignation of Iran's Oil Minister as U.S. blockades choked exports while reports of a fire at a Saudi refinery hit the tapes. In Brazil, fintech stocks and broader indices surged as Jair Bolsonaro emerged as a heavy favorite to win the presidency, signaling a significant shift in regional sentiment. On the domestic front, political headlines were dominated by Trump's plans to ease off-road diesel restrictions and a Supreme Court hearing regarding oil company liability.

Watch for FOMC minutes and Michigan consumer sentiment data.