What are today's top business/market headlines?

I'll gather today's top business and market headlines for you.

Today is Sunday, October 5, 2026 — U.S. cash markets are closed, but futures and global headlines are active. Top business / market headlines:

1. U.S. Futures Point Lower - Tech Leads Declines

•Monday's session opens with futures pricing in damage: S&P 500 futures sit at 7,763.25, down 40.50 points or 0.52%. Dow futures trade at 51,861, off 302 points or 0.58%, and Nasdaq-100 futures carry the heaviest loss at 30,604, down 285.25 points or 0.92%

•ETF proxies confirm: SPY quoted at $767.12, down 0.51%, while QQQ trades at $736.94, down 1.02%

2. Nvidia's Record Buyback Fails to Lift Tape

•Nvidia climbs 1.58% to $228.58 after a record $150 billion buyback lifts its authorization to $235 billion

•Story of the morning described as: One mega-cap catching a bid while the Nasdaq-100 trades down 0.92%

3. Bond Market Running the Tape - Yields at 2007 Highs

•The 10-year Treasury yield hits 5.22% as fed funds futures price a 70.3% chance of an October hike

•The 10-year trades at 5.22%, up from Friday's close of 5.184%, which was already the highest finish since July 6, 2007

•Front end moving faster: 2-year at 4.91% as expectations have turned sharply hawkish

4. Oil Rips After Hormuz Talks Collapse

•WTI crude jumps 4.24% to $96.33 after the White House rejects Iran's proposal to reopen Hormuz

•November WTI futures trade at $96.33, up $3.92 or 4.24%, Brent crude at $106.55

5. AI Trade Hit by Second OpenAI Training Pause

•OpenAI paused training of its latest models and halted evaluation and inference with tool use

•The market reads a training pause as a demand pause - threatens order books of chipmakers

•Intel is down 3.5% in premarket. Micron has dropped 2%

•Asia reacted first: SK Hynix fell 4.35% to ₩1,781,000

6. S&P 500 Bull Market Becomes 9th Longest in History

•The current equity bull market, which originated on October 12, 2022, has officially surpassed the historic 1,324-day expansion that concluded in 1966, becoming the ninth longest in S&P 500 history

•As of September 29, year-to-date: S&P 500 up 11.9%, while Nasdaq Composite leads with 15.1% gain and Dow trails at 6.6%

7. Valuation Warning

•Valuation concerns mounting as S&P 500 Shiller Price-to-Earnings Ratio reached 41.16 as of September 28, 2026, significantly higher than its 156-year historical average of 17.42

8. Week Ahead Focus - Services Data and Fed Minutes

•The week of October 5–9 begins with markets adjusting to a fresh quarter and a particularly important shift in expectations surrounding central-bank policy

•Monday's major U.S. release: ISM Services PMI - services sector represents the largest portion of American economic activity, making the ISM report particularly important

•Monday heavily centered on services activity - combination of European services data, UK activity and US ISM report means dollar and euro could receive clearest signals

•Wednesday's central event: September FOMC minutes - will show how much concern officials expressed about inflation compared with labor-market weakness

•Fed recently raised the federal funds target range by 25 basis points to 3.75%–4.00% on September 16, 2026

Citations (3)

1tradingnews.comLow provenance
Stock Market Today: S&P 500 -0.5%, Nasdaq -0.9%, Dow -0.6% as NVDA $150B Buyback Fails to Lift Tape
Backs: “Top business / market headlines: 1. U.S. Futures Point Lower - Tech Leads Declines. Monday's session opens with futures pricing in damage: S&P 500 futures sit at 7,763.25, down 40.50 points or 0.52%.”
statistic, article. Claim: Futures point lower: S&P 500, Dow and Nasdaq-100 futures down, with figures on yields, oil, Nvidia buyback and market moves.
2wsnext.comLow provenance
Stock Market Reaches Rare Highs as S&P 500 Surpasses Historic Growth Cycles
Backs: “Asia reacted first: SK Hynix fell 4.35% to ₩1,781,000. 6. S&P 500 Bull Market Becomes 9th Longest in History. The current equity bull market, which originated on October 12, 2022, has officially surpassed the historic 1,324-day expansion that concluded in 1966, becoming the ninth longest in S&P 500 history”
evidence, article. Claim: The bull market that began October 12, 2022 surpassed the 1,324-day expansion ending in 1966, becoming the ninth longest in S&P 500 history.
3autorebateforex.comLow provenance
Key Economic Events This Week Starting October 5, 2026 | AutoRebateForeX
Backs: “Valuation concerns mounting as S&P 500 Shiller Price-to-Earnings Ratio reached 41.16 as of September 28, 2026, significantly higher than its 156-year historical average of 17.42. 8. Week Ahead Focus - Services Data and Fed Minutes. The week of October 5–9 begins with markets adjusting to a fresh quarter and a…”
evidence, article. Claim: Week ahead of October 5–9 focuses on ISM Services PMI and September FOMC minutes amid shifting central-bank expectations.