US Stocks Edge Higher as S&P 500 Moves Closer to Record High

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US Stocks Edge Higher as S&P 500 Moves Closer to Record High

US stocks moved higher on Monday, 5th October, with the S&P 500 closing within striking distance of its record high as investors responded to a series of corporate deal announcements.

The S&P 500 rose 0.7% to 7,773.95, ending the session about 0.3% below its all-time high. The Nasdaq Composite gained 1.1% to 27,477.31, setting a new record, while the Dow Jones Industrial Average added 0.2% to close at 51,267.90.

The Russell 2000, which tracks smaller US companies, gained 0.5% to 2,847.14.

Oil Prices Remain Volatile

Oil prices continued to see sharp movements during the session. Brent crude traded between $100 and $103 a barrel before settling slightly above the $100 mark.

The moves in oil prices remain an area of focus for investors as markets assess their potential impact on inflation and economic conditions.

Meanwhile, the yield on the 10-year US Treasury note rose to 5.31%, reflecting continued movement in the US bond market.

How US Markets Have Performed This Year

Despite day-to-day volatility, the major US indices remain higher for the year.

The S&P 500 is up 13.6%, while the Nasdaq has gained 18.2%. The Dow is higher by 6.7%, and the Russell 2000 has advanced 14.7% so far this year.

With the S&P 500 close to its previous record and the Nasdaq reaching a fresh high, investors will continue to monitor corporate developments, interest rates, Treasury yields and commodity prices for their potential impact on markets.

Key US Market Levels on Monday

Index Monday's Close Daily Change Change in 2026
S&P 500 7,773.95 +0.7% +13.6%
Dow Jones 51,267.90 +0.2% +6.7%
Nasdaq Composite 27,477.31 +1.1% +18.2%
Russell 2000 2,847.14 +0.5% +14.7%

Source: APnews

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