News Bulletin
Wednesday, October 07, 2026
Morning Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Wednesday, October 7, 2026
10:30	Crude Oil Inventories		1.900M	0.922M
10:30	Cushing Crude Oil Inventories			0.553M
13:00	10-Year Note Auction			4.83%
13:00	U.S. President Trump Speaks
14:00	FOMC Meeting Minutes
15:00	Consumer Credit (Aug)		14.50B	18.06B

Indices

	CLOSE	50 DMA	200 DMA
DJIA	51,521.28	52,683.27	50,308.60
NASDAQ	27,599.79	26,410.52	24,776.12
S&P 500	7,818.93	7,673.08	7,235.24

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

NIL

Market News:

U.S. stock futures slid on Wednesday, as investors awaited the release of key minutes from the Federal Reserve’s latest policy gathering.

By 06:58 ET (10:58 GMT), the Dow futures contract had dropped by 255 points, or 0.5%, S&P 500 futures had fallen by 19 points, or 0.2%, and Nasdaq 100 futures had dipped by 181 points, or 0.6%. The main averages on Wall Street rose in the prior session, as an artificial intelligence-fueled rally pushed the S&P 500 and Nasdaq Composite up to fresh record high closes.

Meanwhile, benchmark 10-year U.S. and French bond yields once again moved higher on Wednesday. Analysts at Vital Knowledge suggested that investors remain skeptical "this asset class can sustain a material rally," highlighting that a surge in artificial intelligence spending will likely coincide with a "tidal wave" of debt issuance.

Oil prices have also climbed, with benchmark Brent crude futures last higher by 1.2% at $101.74 a barrel. On Tuesday, crude prices rebounded from an initial fall, as reports underlining the massive cost of ferrying oil through the Gulf and an ongoing global shortage of refined products offset hopes for renewed Middle East oil flows.

Investors are now looking ahead to the release of minutes from the Fed’s gathering in September, when policymakers raised interest rates for the first time since 2023.

Official projections also hinted at more rate rises to come before the end of the year. Policymakers are keen to corral inflation, which has been hovering well above the Fed’s 2% target for months, due largely to the energy price jump caused by the Iran war.

Still, expectations have faded that the Fed will roll out another rate increase at its next gathering this month. Along with a selection of statements from Fed officials downplaying the urgency of an October hike, recent employment data came in softer than anticipated, likely keeping rate-setters wary of tightening policy so fast that it dents the wider economy.

In theory, raising borrowing costs can put a lid on price gains, albeit at the risk of weighing on the labor market and economic growth.

Beyond rates, traders are now gearing up for the start of the quarterly corporate earnings season, which is due to begin in earnest with a string of results from major Wall Street lenders next week.

A trickle of other company reports are set to provide a precursor to these figures. Shares of beer producer and marketer Constellation Brands slumped in premarket U.S. trading, after a cautious full-year outlook offset better-than-expected fiscal second-quarter revenue and profit.

Following the end of trading later today, Levi Strauss is scheduled to report, with the jeans maker banking on the appeal of its premium denim products among wealthier customers despite wider economic uncertainty.

For internal use only