I'll gather today's top business and market headlines for you.
I've found several market-moving stories for today — now I'll pull the full details to compile your headline roundup.
Today's Top Business / Market Headlines — Friday, October 2, 2026:
Based on Dow Jones, Reuters, CNBC / Bloomberg wrap as of this morning ET:
1. Mortgage Rates Surge - Largest Weekly Jump in 4 Years
•Mortgage rates surged to 7.28% following the bond-market rout and dealing another blow to a limping housing market.
2. Stocks Choppy / Lower as Bond Selloff Eases Slightly
•Stocks moved lower after weekly jobless data and as worries around a hot economy, inflation and bulging fiscal deficits pushed bond yields higher again. Other wraps noted "Stocks Fall as Bond Selloff Eases"
•Dow tumbles 600 points as Brent crude tops $100, Alphabet and Tesla drop: Live updates - CNBC — Yahoo Finance wrap also noted Dow, S&P 500, Nasdaq sell off as rising oil prices, bond yields, and AI capex weigh
•U.S. Jobless Claims Fall for the Fourth Straight Week to 197,000 vs 198,000 prior week and vs 200,000 expected
3. Fed Policy - Split Signals on October Hike
•Another Fed Leader Suggests Next Rate Increase Can Wait - Vice Chair Jefferson echoes another central bank official who cast doubt on an October hike
•Fed Officials Say Inflation Should Take Priority With Labor Market Stable - Tom Barkin, Susan Collins and Jeffrey Schmid backed September's rate increase and said inflation remains a concern as the labor market holds steady
4. Treasury Yields & Dollar at Multi-Decade / Multi-Month Highs
•The benchmark 10-year US Treasury yield hit 5.34% on Thursday, its highest level since 2002, after posting the biggest quarterly rise this century in the three months to September
•The dollar jumped to its highest level since April 2025 against a basket of currencies, deriving continued support from the prospect of the Federal Reserve raising interest rates further
•The global bond selloff took a breather and borrowing costs fell to just below multidecade highs, amid bets that U.S. interest rates may not rise as fast as previously thought
5. Global M&A Cools Sharply in Q3
•Global M&A activity in the third quarter totalled $993 billion, down 41% compared to the prior quarter, marking the first quarter to fall below $1 trillion since the second quarter of 2025, according to LSEG data
•Despite Q3 slowdown, worldwide M&A so far this year is up 28% to $3.9 trillion, the highest level in the period since 2001
6. Oil Rises on Middle East Supply Concerns
•Oil prices edged higher as risks around the U.S.-Iran conflict persisted despite Middle East crude exports continuing to recover toward prewar levels
•Brent crude topping $100 was a key driver of the equity sell-off noted by CNBC and Bloomberg wraps.
7. Other Notable Business Headlines Today:
•Global Dealmaking Cools but AI megadeals keep 2026 on track to be second-highest-volume year for M&A ever
•Eurozone Labor Market Continues to Defy Headwinds - Unemployment stayed at 6.4% in August
•Canada Manufacturing Grows More Modestly in September
•France Is Ground Zero in the Global Bond Rout as government aims to cut tens of billions in spending
•AI Boom Keeps Asian Factory Activity Humming Despite Cost Pressures
•Today's focus for traders: September U.S. Employment Report scheduled for Oct 2 at 8:30 ET remains pivotal for Fed rate expectations.