Business · Markets · 4 hrs ago
Lower oil prices and Treasury yields lift stocks across sectors
A steep fall in oil prices helped lift stocks on Monday, alongside a drop in Treasury yields.
Brent crude fell 7.63% to $104.77 a barrel, and the 10-year Treasury yield reached its lowest level since September 10.
Shares rose in health care, financial, retail and travel businesses as investors looked beyond technology for growth.
The lower-cost backdrop also led investors to reconsider earnings from companies including Amazon and Waste Management.
Cramer warned that the rapid gains may not last, even as money moves out of technology and into other industries.
Lower borrowing costs and gasoline prices also eased concerns about consumer spending, helping financial and retail stocks.
The story gives no specific next step, but it says companies outside technology could increasingly lead the market if investors keep shifting their money.
Lower oil prices and Treasury yields helped lift stocks across several sectors on Monday.
Brent crude fell 7.63% to close at $104.77 per barrel, while the 10-year Treasury yield reached its lowest level since Sept. 10.
Health care, financial, retail and travel shares gained as investors looked for growth opportunities beyond technology.
Jim Cramer said some of the gains may be difficult to sustain.
- Who
- Investors and companies across several sectors; CNBC host Jim Cramer discussed the rally.
- What
- Stocks rose as lower oil prices and Treasury yields supported a broad market rally.
- When
- Monday, Nov. 2, 2026.
- Where
- Not stated.
- Why
- Lower oil prices and yields improved the market backdrop, while investors sought growth beyond technology.
This story does not have two clearly opposing sides.
Amazon and Waste Management reported quarterly results that Cramer said investors initially overlooked.
Brent crude fell 7.63% to $104.77 per barrel, the 10-year Treasury yield reached its lowest level since Sept. 10, and stocks rose across several sectors.
- Brent crude
- Fell 7.63% to close at $104.77 per barrel
- 10-year Treasury yield
- Lowest level since Sept. 10
- Medtronic
- Rose 3% on Monday
- GE HealthCare
- Rose 4% on Monday
- Walmart and Costco
- Each rose roughly 3% on Monday
What people are saying
Never forget what this market's really about: oil, inflation and interest rates
Oil plummeted overnight ... which sent interest rates lower and caused a host of stocks to soar.
They aren't sustainable.
These are the new proxies for growth as tech continues to lose its luster