Nasdaq hits a record 27,409 while the 10-year sits near 5.30% and mortgages cost 7.28%

The Nasdaq Composite rose as much as 0.8% to 27,409.21 on Monday, its highest level ever, CNBC reported, led by AI-linked names: Meta up more than 2%, Microsoft up more than 1%, Nvidia up more than 1%. As of 12:51 p.m. Eastern our market feed showed the S&P 500 at 7,772, up 0.65%, the Nasdaq 100 at 31,014, up 0.71%, the Dow at 51,278, up 0.17%, and the Russell 2000 at 2,852, up 0.62%.

Records in stocks, highs in borrowing costs

The record is not the odd part. The backdrop is. CNBC put the 10-year Treasury yield at about 5.298% and the 30-year at 5.659%, both near multiyear highs reached in recent weeks, as traders worry inflation will keep the Fed from easing. The Fed raised rates by a quarter point at its September meeting, CNBC noted, and releases the minutes on Wednesday. Our feed shows the fed funds rate at 3.88%.

The ISM services index read 54.9 for September, roughly in line with expectations and a little below August, CNBC said. Strong services keep the "higher for longer" argument alive. We covered the yield move earlier in 10-year yield rebounds to about 5.30%.

What that costs a home buyer

Freddie Mac's weekly survey put the 30-year fixed mortgage at 7.28% on October 1, up from 7.03% a week earlier and 6.95% the week before (Freddie Mac). On a $400,000 loan over 30 years, the principal-and-interest payment is about $2,737 a month at 7.28%, against $2,669 at 7.03%, a difference of about $68 a month, or $812 a year. Against 6.95% it is about $89 more (our arithmetic; it excludes taxes, insurance and fees). Someone locking a rate for a November closing is paying for the last three weeks of Treasury selling. Freddie Mac publishes the next reading on Thursday.

Oil and the dollar

CNBC's earlier snapshot had Brent at $101.51 and WTI at $88.53, a different contract month and time of day, so the levels in the two sources do not match. Both show crude lower on Monday. We use our own feed's figures in the table. The WSJ headlined the euro at a 16-month low against the dollar, weighed by French fiscal worries; the Financial Times and Reuters reported that Spain's prime minister called a snap election for November 29. Other outlets we read this morning described the euro as a 17-month low, depending on the measure, so we do not give a precise date for the low.

A stronger dollar and lower oil work against each other for US companies: the first trims overseas earnings translated back into dollars, the second eases fuel costs. Gold is down on the day with the dollar up.

What to watch

• Wednesday: the Fed's September minutes, for how divided officials were on the hike.
• Thursday: initial jobless claims, forecast at 200,000 against 197,000 the prior week.
• October 14: CPI, with the last reading at 3.4% year over year.

Live levels are on our markets page.

Sources: CNBC, October 5, 2026; Freddie Mac Primary Mortgage Market Survey; WSJ; Financial Times; Reuters; Chronicle market-data feed. Figures are intraday and may be delayed. This is market information, not investment advice.