I'll pull today's top business and market headlines for you.
Today's Top Business / Market Headlines — Monday, October 6, 2026:
1. US Futures Point Higher Led By Chip Rally
•S&P 500 futures rose early Tuesday after a rally in chip stocks boosted the index - futures tied to broad market index were up about 0.26%, while Nasdaq 100 futures rose 0.55%
•Dow Jones Industrial Average futures advanced 62 points, or 0.12%
•In regular trading Monday, chip stocks led the S&P 500 higher with the index rising 0.3%. The tech dominant Nasdaq Composite climbed 0.86%
•The blue-chip Dow bucked the trend to shed 80.77 points, or 0.16%
2. AMD - OpenAI Mega Deal Drives Record Closes
•Advanced Micro Devices (AMD 203.71, +39.04, +23.71%) soared after announcing a partnership with OpenAI, involving a 6-gigawatt commitment for AI infrastructure powered by multiple generations of AMD Instinct GPUs
•As part of deal, OpenAI received a warrant for up to 160 million AMD shares
•The deal will see the ChatGPT parent spend billions on the company's compute products and might take up to a 10% stake in the business
•AMD was poised to be today's best-performing stock, rising over 25% in the premarket
•The Nasdaq and the S&P 500 reached record closing highs, while the blue-chip Dow inched lower
•S&P 500 (+0.36%) closed at 6,740.28 and Nasdaq (+0.71%) at 22,941.67 - fresh record closes
•Russell 2000 (+0.41%) also set a new closing record at 2,486.10
3. Treasury Yields Move Higher
•Treasury yields moved higher on Monday, as investors weighed impact from Middle East tensions
•The yield on 10-year U.S. Treasury note was more than 3 basis points higher at 4.568%
•The 2-year Treasury note yield rose less than 1 basis point to 4.166%
•Elsewhere in live updates: benchmark 10-year Treasury note yield was last up more than 6 basis points to 5.341%, while 30-year was rose about 7 basis points at 5.699%
4. Gold Nears $4,000, Oil Moves on Middle East Tension
•Gold (+1.99%) added nearly 2% and inching closer to historic $4,000 price. At $3,986.10, the continuous contract is within aim of milestone
•WTI Crude (+1.3%) sat at $61.68 - In other updates Brent crude futures for July advanced 4.87% to $97.65 per barrel
5. Major M&A In Focus
•Comerica Bank will sell to Fifth Third Bank in a $10.9 billion deal, making latter ninth-largest bank by assets in U.S., with $288 billion in assets
•PTC — software name surged 36% after company agreed to being acquired by Schneider Electric for $205 per share, valuing company's equity at more than $22 billion
•Schneider Electric announced it has agreed to acquire software company PTC, in all-cash transaction that values latter company at $22.6 billion
•C.H. Robinson Worldwide announced Monday that it would buy RXO in stock-and-cash transaction for $5.8 billion
6. Other Market Movers
•S&P 500 Winners: Advanced Micro Devices (+27%) [OpenAI partnership], Monolithic Power System (+6.75%)
•S&P 500 Losers: Verizon Communications (-5.05%) [CEO change]
•Brazil angle - iShares MSCI Brazil ETF (EWZ) was up more than 13% in mid-day trading Monday, pacing for best day since March 2020 after presidential election first round results
7. Macro Context - Government Shutdown, Fed Watch
•Big developments on deck: there won't be any serious economic datapoints or events out today, but investors will have to live without some reports this week, as gov't shutdown continues into its first full week
•U.S. equities are set to rise again this morning, despite government shutdown entering its first full week