U.S. stock futures steady after Wall St retreats from records; yields climb Ayushman Ojha Wed, October 7, 2026 at 9:42 PM EDT 3 min read ^GSPC -0.22% ^NDX -0.21% ^DJI -0.66% ^IXIC -0.22% US10YT=X Investing.com-- U.S. stock futures were little changed on Wednesday evening after Wall Street retreated from record highs, as long-dated U.S. Treasury yields resumed their climb, reviving concerns about inflation, government debt and the outlook for interest rates.
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S&P 500 Futures inched 0.1% lower to 7,847.25 points, while Nasdaq 100 Futures fell 0.1% to 31,383.75 points by 21:00 ET (01:00 GMT). Dow Jones Futures also traded 0.1% lower at 51,398.0 points.
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all ended lower, with the S&P 500 and Dow snapping four-session winning streaks and the Nasdaq posting its first decline in six sessions.
The S&P 500 fell 0.2%, the Dow lost 0.7%, and the Nasdaq slipped 0.2%.
The retreat followed a renewed selloff in the Treasury market. The 10-year yield climbed as high as 5.36%, its highest level since 2002, while the 30-year yield briefly touched 5.70%, also a 24-year high.
Yields later pulled back after a well-received $39 billion auction of 10-year notes, easing some pressure on equities.
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Investors digested minutes from the Federal Reserve's September meeting, which showed policymakers broadly viewed the latest rate increase as a measure to contain persistent inflation rather than the start of an aggressive hiking cycle.
Markets have reduced expectations for an October rate increase. Traders were pricing in about an 18% probability of a hike at the Fed's October meeting after the minutes were released, according to CME FedWatch.
Oil prices added to inflation concerns during the session. Brent crude remained above $100 a barrel as investors assessed supply disruptions linked to the Iran conflict and attacks by Yemen's Iran-backed Houthis on Saudi Arabia.
Investors were also weighing corporate earnings and the strength of the global artificial-intelligence investment cycle.
Samsung Electronics (KS:005930) said on Thursday that its third-quarter operating profit was expected to jump nearly eightfold to a record 107.4 trillion won ($80.1 billion), helped by strong AI-driven demand for memory chips. The figure missed a Bloomberg forecast of 108.67 trillion won.
The Samsung results provided fresh evidence of strong demand for advanced memory used in AI infrastructure, benefiting chipmakers including Micron and SK Hynix. Samsung shares nevertheless fell in Seoul as investors focused on lofty expectations.
In the U.S., chip stocks had weakened during Wednesday's session, with the semiconductor index falling 1.2%. SpaceX also declined after reports it was seeking $40 billion in financing to fund purchases of Nvidia chips.
Investors will now turn their attention to third-quarter earnings season. Strong corporate results could help support stocks, but elevated Treasury yields and oil prices remain key risks to the market's record-setting rally.
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