Business · Markets · 4 hrs ago
Oil and Treasury yields rise as investors brace for Big Tech earnings
U.S. markets were cautious as Middle East tensions and financing concerns unsettled investors.
The concerns included possible forced hedge fund sales and worries about funding for AI investment.
Brent crude reached $117 a barrel, its highest level since April, amid fears that conflict could resume around the U.S. midterm elections.
The 10-year U.S. Treasury yield, which had fallen sharply the previous day, climbed back above 5%.
Semiconductor shares rebounded after dropping nearly 7% the day before, but the broader market remained uneasy.
Investors are now looking to next week's Big Tech earnings and Federal Reserve meeting for new signals about corporate spending and interest rates.
Brent crude rose to $117 a barrel, its highest level since April, amid heightened geopolitical tensions in the Middle East.
The yield on the 10-year US Treasury note climbed back above 5% after falling sharply the previous day.
Investors remained cautious ahead of next week’s earnings reports from major technology companies and a Federal Reserve meeting.
US stock indexes opened lower on Oct. 23, before a rebound led by semiconductor shares lifted the Nasdaq.
The article said fears of a resumption of war around the Nov. 3 US midterm elections added to risk aversion.
- Who
- Investors in US markets.
- What
- Oil prices and Treasury yields rose as investors prepared for major technology company earnings and a Federal Reserve meeting.
- When
- The report described trading on the morning of Oct. 23, 2026, Eastern time.
- Where
- US financial markets.
- Why
- Heightened Middle East tensions, fears of a possible resumption of war, and concerns ahead of earnings and the Federal Reserve meeting.
This story does not have two clearly opposing sides.
The 10-year US Treasury yield fell sharply, and semiconductor stocks dropped nearly 7%.
Major US stock indexes opened down 0.3% to 0.5%.
Semiconductor shares rebounded, and the Nasdaq turned higher, at one point gaining 0.4%.
Amazon, Alphabet and Microsoft were due to report earnings, and the Federal Reserve was due to hold a policy meeting.
- Brent crude
- $117 a barrel, its highest since April
- 10-year US Treasury yield
- Rose above 5%
- US stock indexes at opening
- Down 0.3% to 0.5%
- Nasdaq
- Turned higher around 10 a.m. Eastern time
- Upcoming earnings
- Amazon, Alphabet and Microsoft
- US midterm elections
- Nov. 3