Nasdaq Composite closes lower as oil and yields rise to 27,481 points
Published on 10/08/2026 at 21:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Nasdaq Composite closed at 27,481 points on October 8, 2026.
- Rising oil prices and Treasury yields pressured technology shares.
- Brent crude rose above USD 104 while the 10-year Treasury yield reached 5.29 percent.
- University of Michigan consumer sentiment is due at 10:00 a.m. ET on October 9, 2026.
The Nasdaq Composite closed at 27,481 points on October 8, 2026, as rising oil prices and Treasury yields weighed on technology shares. Gate.com reported the closing level after the index moved lower from the previous session.
Oil and yields pressure technology stocks
Brent crude rose above USD 104 as supply concerns in the Middle East intensified, while the 10-year Treasury yield reached 5.29 percent. Reuters said the combination renewed inflation concerns and pushed the Nasdaq Composite away from its recent high.
Federal Reserve Governor Christopher Waller said additional rate increases may be needed to return inflation to the central bank's 2 percent target, while leaving flexibility over the timing. CNBC reported that technology shares were among the areas most affected by the rise in borrowing costs.
What comes next
On October 9, 2026, preliminary University of Michigan consumer sentiment is scheduled for 10:00 a.m. ET, with a consensus reading of 47.6. Delta Air Lines is also due to report before the open, while Federal Reserve officials are scheduled to speak later in the day. Capital Street FX lists the sentiment release, Delta earnings and Fed commentary among the next session's events.
