US stocks are rising near their records
PTC and RXO surged after takeover deals, while FactSet said S&P 500 companies are expected to post nearly 30% profit growth.
- U.S. stocks climbed near record highs on Monday as fresh buyout announcements buoyed the market; Schneider Electric will pay about $22.6 billion for a software company, while RXO jumped 22.8% after C.H. Robinson Worldwide announced a takeover bid.
- Services industry activity grew for a 27th straight month in September, though the Institute for Supply Management reported that businesses face faster price increases for materials, signaling inflation pressures ahead.
- Trading showed divergence as PTC leaped 33.6% for the S&P 500's largest gain, while C.H. Robinson fell 10.8% following its acquisition news; Japan's Nikkei 225 rose 2.4% and France's CAC 40 fell 0.8%.
- Persistent uncertainty regarding the war with Iran kept oil prices volatile, veering between $100 and $103, which pushed the 10-year U.S. Treasury yield to 5.31% from 5.28% in the bond market.
- Analysts forecast growth of nearly 30% for S&P 500 companies compared to last year, according to FactSet, as investors await the start of the latest earnings reporting season.
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The Sun Chronicle
US stocks rise to the edge of an all-time high
U.S. stocks rose near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.7% Monday and pulled within 0.3% of its all-time high, which was set during the summer. The Dow Jones Industrial Average…
How major US stock indexes fared Monday 10/5/2026 – WTOP News
U.S. stocks rose near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.7% Monday and pulled within 0.3% of its all-time high, which was set during the summer. The Dow Jones Industrial Average rose 0.2%, while the Nasdaq composite climbed 1.1% to set a record of its own. Oil prices continued their sharp swings, and the price for a barrel of Brent crude volleyed between $100 and $103 before settling at …
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NEW YORK (AP) — U.S. stocks rose to the edge of their all-time high on Monday after a couple buyout announcements helped lift the market. The S&P 500 climbed 0.7% and pulled within 0.3% of its record, which was set during the summer. The Dow Jones Industrial Average added 90 points, or 0.2%, while the Nasdaq composite rallied 1.1% to set its own record. PTC helped lead the market after leaping 33.5%. Schneider Electric of France said it would pa…
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