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Nasdaq Rises 0.5% as Oil Eases on Iran Talks
Why is the stock market up today?
Wall Street's Nasdaq Composite (^IXIC) rose 0.5% on Friday to about 27,350 as tech stocks rebounded and oil eased after Trump spoke of "productive discussions" with Iran.
Key numbers
| Nasdaq Composite (midday) | 27,354+0.59% |
|---|---|
| S&P 500 (midday) | 7,812+0.60% |
| 10-year Treasury yield | 5.25%+0.02 pts per [1]; 5.248% per [3] |
| Brent crude (Dec) | $102–104-1.1% at the open (per [3]) |
| WTI crude (Nov) | $91.84+0.4% midday per [1]; -0.9% at open per [3] |
| Canada jobs, September | -68,000Unemployment 6.5% |
What happened
Wall Street's Nasdaq Composite (^IXIC) rose 0.5% on Friday to about 27,350 as tech stocks rebounded and oil eased after Trump spoke of "productive discussions" with Iran. Trump also said the U.S. will not attack Iran before the November midterm elections. Brent crude, the global oil benchmark, slipped about 1% but stayed above $100 a barrel. Delta Air Lines fell about 3% before the open after cutting its 2026 profit forecast because of high fuel costs.
Why it matters
The Nasdaq's rebound shows how closely stocks are tracking oil prices and Iran headlines. Expensive oil raises costs for airlines and shoppers. A 10-year Treasury yield above 5%, a key benchmark for borrowing costs, keeps loans pricey. Fighting in the region continues even as talks go on, so the calm could be short-lived.
Who this affects
- MarketmixedMedium impact
- Stock investors get relief, but oil and yields stay high.
- CompanybearishMedium impact
- Delta shareholders hit by profit-forecast cut over fuel costs.
- CompetitorsbullishLow impact
- Dow and small-company stocks also rose, sharing the rebound.
- IndustrymixedMedium impact
- Airlines face higher fuel bills; energy-sensitive firms watch Iran talks.
Nasdaq vs S&P 500, Dow Jones, Russell 2000
| Nasdaq Composite^IXIC | 27,354 | +0.59% |
|---|---|---|
| S&P 500^GSPC | 7,812 | +0.60% |
| Dow Jones^DJI | 51,671 | +0.86% |
| Russell 2000^RUT | 2,811 | +0.60% |
As of 2026-10-09T18:05:00Z
How we got here
Tech stocks sell off on AI valuation worries, higher oil and elevated Treasury yields
Trump cites productive Iran talks, rules out attack before midterms; oil eases
Delta Air Lines cuts 2026 profit forecast on fuel costs; shares fall premarket
Canada reports 68,000 jobs lost in September; unemployment rises to 6.5%
What to watch
- University of Michigan consumer sentiment reading, due Friday morning2026-10-09
- Iran talks, U.S. military planning and Houthi attacks as midterm elections near2026-11-03
Educational content only. Not investment advice.
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