How did the US Treasury market move on the day?

Yields at shorter maturities rose while the longest maturity eased slightly: the 2-year added 3.51 basis points to 4.7911%, the 5-year gained 3.01 basis points to 5.0211%, the 10-year rose 1.11 basis points to 5.2441% and the 30-year slipped 0.69 basis point to 5.6001%. The move came alongside the uptick in near-term inflation expectations reported in the Michigan survey. The release of CPI and PPI data next week will provide a further read on price trends.

What is on the calendar for Monday and the coming week?

Monday is a split holiday session: US stock markets will trade normally, the US bond market will be closed, and Canadian markets will be shut for Thanksgiving. Looking further ahead, US inflation and retail sales data lead a busy economic calendar, with CPI and PPI figures set to inform the PCE calculation. Lower participation on Monday can produce thinner trading conditions than usual.

What happened with oil and the Iran situation?

WTI crude futures were near $91.50, up just $0.01, after President Trump said discussions with Iran had been productive and that attacks on Tehran would be deferred until after the midterm elections. Those remarks reduced the immediate escalation premium in energy markets, but they did not resolve the underlying dispute or remove risks to supply. Separately, Baker Hughes reported that the total US rig count rose by 5 to 603, including a 6-rig increase in oil rigs to 462. Based on public news sources.

US Stocks Rebound, Canadian Dollar Falls on Jobs Miss as Consumer Sentiment Weakens

All five major US equity indices closed higher on Friday after an AI-revenue-driven selloff the previous session, while a weak Canadian employment report pushed the loonie lower and a soft University of Michigan survey came alongside rising inflation expectations.

Disclaimer: News content is based on public news sources and provided for information only. It does not constitute investment advice.

US Stocks Rebound, Canadian Dollar Falls on Jobs Miss as Consumer Sentiment Weakens

Forexlive·10/9/2026, 21:21:50· forex

US Stocks Rebound After an AI-Revenue Driven Selloff

All five major US equity benchmarks closed higher on Friday, led by the Dow Jones Industrial Average, which rose 423.06 points, or 0.83%, to 51,660.18. The S&P 500 added 0.59% to 7,811.54, the Nasdaq Composite gained 0.64% to 27,366.17, the Russell 2000 rose 0.46% and the Nasdaq 100 advanced 0.51%. The move followed Thursday's selling, which was tied to concerns over AI revenues; according to an afternoon review, one widely cited comparison of OpenAI's revenue required an adjustment for partner revenue. Gains were not limited to large technology names, with the blue-chip Dow outperforming and small caps also participating. Even so, a single positive session does not settle the broader debate over AI spending, revenue and valuations.

Consumer Sentiment Weakens as Inflation Expectations Edge Higher

The preliminary October University of Michigan consumer sentiment index fell to 46.3 from 48.1 in September, below the 47.8 estimate. The current conditions component was notably soft at 44.7 against an expected 51.0, while the expectations measure came in stronger than forecast at 47.3 versus 45.5, and the headline remained above the 44.8 low cited for May. At the same time, one-year inflation expectations rose to 4.7% from 4.6%, and five-year expectations increased to 3.5% from 3.4%. In the Treasury market, shorter maturities moved higher — the 2-year yield added 3.51 basis points to 4.7911% and the 5-year gained 3.01 basis points to 5.0211% — while the 30-year yield slipped 0.69 basis point to 5.6001%. That leaves households reporting worse conditions while expecting higher prices, a combination that keeps the inflation outlook in focus; next week's CPI and PPI releases will feed into the PCE calculation.

Canadian Dollar Slides as Employment Falls Sharply

Canada's September employment report showed a decline of 68,300 jobs, a sharp miss against expectations for a gain of 9,200 and a follow-up to August's 41.7K drop, taking the two-month loss to roughly 110,000. Full-time positions fell 35,400 and part-time employment declined 32,900, while the unemployment rate rose to 6.5% from 6.4% and the participation rate slipped to 64.8% from 65.0%, which limited the rise in the jobless rate. Public-sector employment dropped 70,000 while the private sector added 24,100, and declines in education and youth hiring raised questions about seasonal adjustments around the return to school. Wage growth for permanent employees nonetheless accelerated to 2.3% from 2.0%. In currency markets, USD/CAD moved from about 1.4232 before the release to near 1.4293 afterwards, and the pair later stood at 1.4261, up 0.25% on the day, while the US dollar was also about 0.25% firmer against the Japanese yen and weaker against the Australian dollar.

US stocksCanadian employmentUS consumer sentimentTreasury yieldsgold and oil

Frequently asked questions

Why did US stocks rise on Friday even as consumer sentiment disappointed?▾

Equities recovered after Thursday's selling, which was linked to concerns about AI revenues rather than to the sentiment survey itself. The rebound was broad, with the Dow leading at a 0.83% gain and small caps also higher, while gold, silver and Bitcoin advanced as well. The weak sentiment reading and the stronger equity close therefore reflected two separate streams of information rather than a direct cause-and-effect relationship.

How weak was Canada's September employment report?▾

Canada lost 68,300 jobs in September against expectations for an increase of 9,200, following a 41.7K decline in August and bringing the two-month loss to roughly 110,000. The unemployment rate rose to 6.5% from 6.4%, although a drop in the participation rate to 64.8% from 65.0% limited that increase. Public-sector employment fell 70,000 while the private sector added 24,100, and permanent employees' wage growth picked up to 2.3% from 2.0%.

What did the University of Michigan survey show about inflation expectations?▾

The preliminary October sentiment headline fell to 46.3 from 48.1 and missed the 47.8 estimate, with current conditions at just 44.7 versus an expected 51.0. At the same time, one-year inflation expectations rose to 4.7% from 4.6% and five-year expectations increased to 3.5% from 3.4%. That combination of weaker sentiment and higher expected prices matters because inflation expectations are one of the inputs policymakers watch when assessing price pressures.

Key takeaways

US Stocks Rebound After an AI-Revenue Driven Selloff

Consumer Sentiment Weakens as Inflation Expectations Edge Higher

Canadian Dollar Slides as Employment Falls Sharply

European Indices Gain on the Day but Most Post Weekly Declines

Oil Steadies, Metals and Bitcoin Advance; Holiday-Thinned Monday Ahead

Common mistakes to avoid

Reacting to a single headline without reading the full context — one data point is rarely the whole story.
Treating rewritten news as a signal — it describes what happened, never what to do next.
Confusing AI-rewritten content with the original source — always verify important facts against the primary report.

US Stocks Rebound, Canadian Dollar Falls on Jobs Miss as Consumer Sentiment Weakens

US Stocks Rebound After an AI-Revenue Driven Selloff

Consumer Sentiment Weakens as Inflation Expectations Edge Higher

Canadian Dollar Slides as Employment Falls Sharply

Frequently asked questions

Key takeaways

Common mistakes to avoid

Related reading

US Stocks Rebound After an AI-Revenue Driven Selloff

Consumer Sentiment Weakens as Inflation Expectations Edge Higher

Canadian Dollar Slides as Employment Falls Sharply

Frequently asked questions

Key takeaways

Common mistakes to avoid

Related reading

European Indices Gain on the Day but Most Post Weekly Declines

Oil Steadies, Metals and Bitcoin Advance; Holiday-Thinned Monday Ahead