Stocks Advance as Oil, Bonds Reflect Latest Mideast Anxiety -- WSJ
Dow Jones2026/10/09 16:42By Ed Ballard Stocks look set to end the week on a more positive note, after President Trump promised not to attack Iran before the midterms. But that calm is proving fragile: Oil prices, which cooled on Trump's comments, are now erasing their losses after the British navy-backed U.K. Maritime Trade Operations Centre said it had received reports that a ship had been struck in waters off the U.A.E. Increased attacks in the region have kept Brent crude prices well above $100 a barrel for most of the week. Still, U.S. stocks are edging higher, with the Nasdaq seemingly shaking off concerns about the pace of AI growth that weighed on tech stocks yesterday. Those jitters were still evident this morning as Firmus Grid, an Nvidia-backed cloud computing company, scrapped its plan for Australia's largest initial public offering in almost 30 years. Most Asian and European stock markets were firmly positive. Bond yields have crept higher with oil prices. The benchmark Treasury yield recently traded at 5.256%, up about 0.02 percentage point. An auction of 30-year U.S. bonds yesterday showed healthy demand, helping relieve upward pressure on borrowing costs. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 09, 2026 12:42 ET (16:42 GMT)
By Ed Ballard
Stocks look set to end the week on a more positive note, after President Trump promised not to attack Iran before the midterms.
But that calm is proving fragile: Oil prices, which cooled on Trump's comments, are now erasing their losses after the British navy-backed U.K. Maritime Trade Operations Centre said it had received reports that a ship had been struck in waters off the U.A.E. Increased attacks in the region have kept Brent crude prices well above $100 a barrel for most of the week.
Still, U.S. stocks are edging higher, with the Nasdaq seemingly shaking off concerns about the pace of AI growth that weighed on tech stocks yesterday.
Those jitters were still evident this morning as Firmus Grid, an Nvidia-backed cloud computing company, scrapped its plan for Australia's largest initial public offering in almost 30 years. Most Asian and European stock markets were firmly positive.
Bond yields have crept higher with oil prices. The benchmark Treasury yield recently traded at 5.256%, up about 0.02 percentage point. An auction of 30-year U.S. bonds yesterday showed healthy demand, helping relieve upward pressure on borrowing costs.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 09, 2026 12:42 ET (16:42 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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