Oil Prices Slide as Middle East Flows Recover 
Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise 
India Manufacturing Growth Hits Seven-Month High in September 
Fed’s Williams Signals One More Rate Hike Before Year-End 
Nasdaq Futures Jump as Micron Earnings Boost AI Trade 
U.S. Stock Futures Steady as AI, Rate Concerns Weigh 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
South Korea Exports Surge 83.5% on AI Chip Boom 
Asian Stocks Rise as Chipmakers Rally on Micron Earnings 
Oil Prices Steady as Middle East Crude Flows Recover 
Dollar Hits Three-Month High as US Treasury Yields Surge 
Asian Currencies Mixed as Yen Slides on BOJ Rate Signals 
US Alcohol Ban Exposes Canada’s Internal Trade Barriers 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
Australia Trade Surplus Shrinks Sharply as Imports Surge 
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Wall Street opened October with modest gains on Thursday as falling U.S. Treasury yields helped offset a sharp rise in oil prices and renewed concerns over inflation.
The S&P 500 gained 0.3% to close at 7,670.36, while the Nasdaq Composite and Dow Jones Industrial Average finished nearly flat at 26,871.60 and 50,927.33, respectively. Investors remained focused on interest rates after a volatile stretch in the bond market.
Treasury yields reversed earlier increases as traders reduced expectations for a Federal Reserve rate hike in October. The benchmark 10-year yield fell 6.7 basis points to 5.244% after reaching 5.362% earlier, while the 30-year yield declined 3 basis points to 5.609%. Both remained near multi-decade highs.
Wednesday’s economic data had supported hopes that the Fed could keep rates unchanged. The central bank’s preferred inflation measure rose less than expected in August, while second-quarter U.S. GDP growth was revised higher to 2.2% from 1.5%. Private-sector hiring also accelerated in September.
Inflation concerns resurfaced Thursday, however, after the Institute for Supply Management reported that its manufacturing prices index jumped to 77.9 in September from 71.1 in August. Overall U.S. manufacturing activity expanded for a ninth consecutive month.
Oil prices added another challenge for equities. Brent crude futures surged 4.5% to $102.47 following reports that the U.S. was preparing to send additional military forces to the Middle East. President Donald Trump also said he still had to make a decision regarding Iran.
Among individual stocks, Micron Technology reversed early losses to finish 3% higher after reporting stronger-than-expected fiscal fourth-quarter earnings and issuing upbeat guidance. The results reinforced optimism around artificial intelligence-driven semiconductor demand.
Investors are now turning their attention to Friday’s U.S. nonfarm payrolls report for fresh clues about Federal Reserve policy. With fourth-quarter trading underway, Treasury yields, oil prices, corporate earnings and economic data remain key drivers for Wall Street.
