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Vance said Iran must cut enrichment to end the war. · Christa Pike is conscious and speaking. · Israel marks three years since the Oct. 7 attack. · Russian strikes killed at least 21 people in Ukraine. · Wall Street pulled back from its record.

Markets

Wall Street pulled back from its record.

A day after the S&P 500 closed at 7,818.93, the index was lower at midday. The 10-year yield rose to 5.31 percent. Brent was back at $101.26. The Fed’s September minutes were still ahead.

The Rocket News · Business Desk · New YorkOctober 7, 2026 · 3 min read

The New York Stock Exchange. The S&P 500 pulled back Wednesday from a record close.
The New York Stock Exchange. The S&P 500 pulled back Wednesday from a record close.

NEW YORK — U.S. stocks pulled back on Wednesday from a record. The Associated Press said that at midday the S&P 500 was down 0.3 percent, a day after it closed at 7,818.93, above the high it had set in August. The Dow Jones Industrial Average was down 382 points, or 0.7 percent. The Nasdaq composite was lower as well. The session was still open.

Yields did the pressing. The 10-year Treasury rose to 5.31 percent from 5.27 percent late Tuesday, near the highest level since 2002. Higher yields make borrowing more expensive and pull down the price of stocks. Oil moved with them. Brent crude, the international standard, added 0.7 percent to $101.26 a barrel, well above the $72 it fetched before the war with Iran and below the nearly $110 it touched last month. Investors were also waiting on minutes from the Federal Reserve’s September meeting, when the benchmark rate was raised. Debt loads in the United States and abroad were the other weight on the bond market.

The 10-year yield is near its highest level since 2002.

The photograph is the Broad Street facade of the New York Stock Exchange. It is not a picture of Wednesday’s session. The Economy desk files the pullback. The war terms are the front.

Wire and further reading: durangoherald.com

Filed under Economy

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