Finance

U.S. sovereign debt markets experienced a reprieve following the softer labor market numbers. The 10-year Treasury yield dropped back down to around 5.21% after recently testing its highest levels in over two decades. This downward move in yields helped fuel a broader risk-on rally across equity sectors, especially tech.

The tech-heavy Nasdaq Composite outperformed other benchmarks, surging over 1.6% during the session. Easing yields provided strong momentum for growth-oriented technology and semiconductor firms, reversing some of the previous weeks' downward pressure. This upward movement helped lift both the S&P 500 and the Dow Jones Industrial Average into positive territory.

Cryptocurrency markets saw a positive start to October, with Bitcoin climbing roughly 3% to trade above $86,000. Despite navigating a broader cyclical downturn through much of 2026, the digital asset gained traction alongside traditional equities as macroeconomic indicators signaled a potential pause in central bank tightening. Meanwhile, Bitcoin market dominance climbed near the 60% threshold, highlighting concentrated institutional interest.