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US stocks reportedly neared fresh highs as oil and Treasury yields fell

On October 6, a market commentator put the S&P 500 up 0.2% and Nasdaq 100 up 0.3% before the open.

Gary BlackGB
1 Source, 4h ago, first seen 4h ago

TLDR

An October 6 market post said Brent crude fell 2% to $98 a barrel and the 10-year Treasury yield dropped to 5.27% as US stocks neared fresh highs before the open. The author credited earnings and AI infrastructure spending, rather than multiple expansion, for equity gains. They also said Nvidia hit a record high and remained cautious on Tesla, citing its valuation and falling longer-term estimates.

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1 Source, first seen 4h ago

59 likes10 comments4 saves5 reposts

Combined views

12.8K

1 Source, first seen 4h ago

59 likes10 comments4 saves5 reposts

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Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

1 Source

Gary Black@garyblack00US stocks neared fresh highs pre-market Tuesday (SPX +0.2%, NDX +0.3%) as Brent crude fell 2% to $98/bbl and the 10-year yield dropped to 5.27%, easing inflation concerns. Equity gains are being driven by earnings and AI infrastructure spending, not multiple expansion. Chipmakers continued to rise after last week’s strong Micron strong results with $NVDA hitting a record high. $TSLA gained +0.7% to $380, extending two days of gains on last week’s strong 3Q deliveries. S&P 2026 EPS estimates of $366 (+32% YoY) imply a 21.2x P/E and 4.7% earnings yield, and remain inverted versus 10year treasuries. I remain cautious on $TSLA largely due to a stretched valuation, falling longer-term estimates, and continued commoditization of unsupervised autonomy.4h
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    Gary Black@garyblack00US stocks neared fresh highs pre-market Tuesday (SPX +0.2%, NDX +0.3%) as Brent crude fell 2% to $98/bbl and the 10-year yield dropped to 5.27%, easing inflation concerns. Equity gains are being driven by earnings and AI infrastructure spending, not multiple expansion. Chipmakers continued to rise after last week’s strong Micron strong results with $NVDA hitting a record high. $TSLA gained +0.7% to $380, extending two days of gains on last week’s strong 3Q deliveries. S&P 2026 EPS estimates of $366 (+32% YoY) imply a 21.2x P/E and 4.7% earnings yield, and remain inverted versus 10year treasuries. I remain cautious on $TSLA largely due to a stretched valuation, falling longer-term estimates, and continued commoditization of unsupervised autonomy.4h
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