Digest · Gulf Today
Traders work at the New York Stock Exchange on Sept. 24, 2026. NYSE U.S. equity futures are little changed Thursday evening as Treasury yields continued their climb. Futures tied to the Dow Jones Industrial Average fell 34 points, or 0.06%.
S&P 500 futures were down 0.05%, and Nasdaq-100 futures were also down 0.05%. In Thursday's regular trading, the Dow slipped about 162 points, or 0.3%, while the S&P 500 and Nasdaq Composite both finished flat. The drama continued in the bond market, where the 10-year Treasury yield climbed to 5.225% late Thursday, the highest level since 2007, while the 30-year yield reached 5.502%.
This week's ascent in yields was fueled by hawkish comments from Federal Reserve Governor Michael Barr, persistently high energy prices due to the Iran war, and a hot purchasing managers' report. The 30-year fixed rate mortgage , which tracks the 10-year note, rose to 7.45%, the highest level since 2024, as borrowing costs for consumers looked poised to increase ahead of the midterm elections. "Even before the moves of the past few days, the declines in credit card [annual percentage rates] and auto loan rates that occurred from mid- 2024 through the start of 2026 had stalled, and mortgage rates reaccelerated," Heather Berger, economist at Morgan Stanley, wrote in a note to clients.
"We expect these pressures to weigh on spending, largely through goods, which is contributing to the 40 [basis point] deceleration in real consumption growth we expect next year," she added. The Dow is heading for a fourth consecutive losing week, down 0.6% in the period. The S&P 500 is on track for a 0.7% advance, while the Nasdaq is up 1.6% week to date.
Going into Friday, traders will be eyeing the University of Michigan consumer sentiment report and durable goods data. 7 Min Ago 30-year fixed rate mortgage jumps to highest level in more than two years The average rate on the 30-year fixed mortgage leapt to 7.45% on Thursday, according to Mortgage News Daily. Stock Chart IconStock chart icon The 30-year fixed mortgage rate in 2026 This marked the highest level since April 2024. Back then, the rate on the mortgage was 7.51%.
The higher borrowing cost comes as rates on Treasurys surge to multiyear highs. The 10-year Treasury yield , which influences the 30-year mortgage rate, climbed to 5.225% on Thursday for its highest level since June 2007. -- Darla Mercado, Gina Francolla 16 Min Ago Stocks making the biggest moves in extended trading A few stocks saw notable swings in after-hours trading. Akamai Technologies – The cloud computing company surged almost 20% after announcing an $11.6 billion agreement with Anthropic.
The computing power contract is for seven years. As part of the deal, Akamai also issued a warrant that gives Anthropic the right to buy up to roughly 5% of the company's shares at an exercise price of $111.33 each. Costco Wholesale – The big-box retailer posted fourth-quarter results that surpassed estimates.
Adjusted earnings of $6.60 per share and revenue of $95.72 billion topped the LSEG consensus call for $6.53 a share and $94.86 billion. Membership fees of $1.85 billion were slightly below the FactSet consensus forecast for $1.86 billion. Shares were last marginally higher.
Scholastic Corp – The publisher of children's books tanked almost 13% after Scholastic posted a loss in the fiscal first quarter. Scholastic reported an adjusted loss of $3.63 per share, compared to the $2.52 per share loss in the year-ago period. Revenue of $216.8 million reflected a 4% decline from a year earlier. -- Darla Mercado 19 Min Ago Stock futures open flat Thursday night U.S. equity futures opened flat on Thursday evening at 6 p.m.
S&P 500 futures lost 0.07%, while Nasdaq-100 futures slipped 0.08%. Dow futures lost 31 points, or 0.06%. -- Darla Mercado
Source: CNBC
