Nasdaq closes at a record as buyouts lift stocks; S&P 500 nears its high
The S&P 500 rose 0.7% Monday to within 0.3% of its August record, helped by deals for PTC and RXO and a dip in oil. The 10-year Treasury yield kept climbing, to about 5.31%.
The close: The S&P 500 rose 51.23 points, or 0.7%, to 7,773.95 on Monday, the Associated Press reported. The Dow Jones Industrial Average added 90.94 points, or 0.2%, to 51,267.90, and the Nasdaq composite gained 286.45 points, or 1.1%, to a record 27,477.31. The Russell 2000 of smaller companies rose 0.5% to 2,847.14.
How close to the top: It was the S&P 500’s third-highest close ever and its third straight gain, leaving it 0.32% below its record close of 7,798.99 on Aug. 13, according to Dow Jones Market Data. The index is up 13.6% this year.
The deals: Two buyouts helped, the AP said. Schneider Electric agreed to buy industrial software maker PTC for $205 a share in cash, according to the companies’ announcement, and C.H. Robinson agreed to acquire freight broker RXO in a cash-and-stock deal it valued at $5.8 billion. Both deals still need to close.
Oil and bonds: Brent crude, the international benchmark, swung between $100 and $103 before settling a little above $100, the AP said; Sharecast put Brent’s close at $100.32, down 1.89%, and U.S. crude at $89.43, down 1.8%, after the Group of Seven said it would release fuel reserves. The 10-year Treasury yield rose to about 5.31% and the 30-year to about 5.67%, Sharecast reported, keeping borrowing costs near their highest in more than two decades.
What this means: After Monday’s session, falling oil and deal news outweighed rising yields. Higher long-term rates feed into mortgage and loan costs, which is why investors keep watching the bond market even as stocks rise.
Sources
- The Seattle Times (AP) — How major US stock indexes fared Monday 10/5/2026
- Morningstar (Dow Jones) — S&P 500 Rises 0.66% to 7773.95 — Data Talk
- Sharecast — US close: Stocks higher as falling crude offsets rising Treasuries
- Schneider Electric — Schneider Electric to acquire PTC
- C.H. Robinson — C.H. Robinson to Acquire RXO in $5.8 Billion Transaction