US stocks rose on Tuesday, October 6, and the S&P 500 (an index of 500 large US companies) closed at a record high for the first time since August, up 0.58% to 7,818.93. The Dow (an index of 30 big companies) gained 0.49% to 51,521.28, and the Nasdaq (a tech-heavy index) rose 0.45% to 27,599.79, adding to Monday's record. Smaller companies lagged: the Russell 2000 slipped 0.57%, dragged down by healthcare stocks. Oil eased after the G7 group of wealthy nations announced a release of 100 million barrels from emergency reserves. Treasury yields, the interest rates the US government pays to borrow, slipped from multi-year highs, with the 10-year ending near 5.28%. AI-related companies kept leading, and Nvidia's value approached $6 trillion. Constellation Energy jumped after a 20-year nuclear power deal with Google. The Federal Reserve, the US central bank, releases minutes of its September meeting on Wednesday. Stock moves below are as reported during the session.
Daily Digest ·
US stocks rose on Tuesday, October 6, and the S&P 500 (an index of 500 large…
What moved Wall Street and the PSEi, and what it means for your money, in plain language.
Today, in Two Lines
The day’s biggest story in each market.
US stocks rose on Tuesday, October 6, and the S&P 500 (an index of 500 large US companies) closed at a record high for the first time since August, up 0.58% to 7,818.93.
Philippine stocks fell on Tuesday, October 6, giving back part of Monday's rally.
US & PH Markets at Last Close
Where each market finished its most recent trading session before this issue went out.
US markets
| S&P 500 | 7,818.93 +0.58% |
| Dow Jones | 51,521.28 +0.49% |
| Nasdaq | 27,599.79 +0.45% |
| 10-Yr Treasury Yield | 5.27% |
Philippine markets
| PSEi | 5,677.12 -1.15% |
| USD/PHP | 62.58 +0.07% |
| BSP Rate | 5.00% |
Winners & Losers
The stocks that moved most, and why.
USUnited States
- OPCH Option Care Health+32.9%
Surged after a report that McKesson and private equity firm Clayton Dubilier & Rice are close to a buyout worth over $5 billion
- CEG Constellation Energy+14.8%
Jumped after announcing a 20-year deal to supply nuclear power to Google's AI buildout
- MRVL Marvell Technology+7.1%
Rose after sharply raising its long-term revenue targets at its investor day
- STX Seagate Technology-8.0%
Fell on ongoing concern that Toshiba may expand its hard-drive production capacity
- MRNA Moderna-6.1%
Dropped on profit-taking after hitting a new 52-week high
Today’s Full Story
USUnited States
PHPhilippines
Philippine stocks fell on Tuesday, October 6, giving back part of Monday's rally. The PSEi, the main index tracking the 30 largest listed companies, dropped 1.15% (66.09 points) to close at 5,677.12, back below the 5,700 level. All sectors ended lower, led by mining and oil at -2.38%. Losing stocks outnumbered gainers, 120 to 73, and turnover rose to P5.46 billion. Some investors stayed on the sidelines because the share sale of GCash operator Mynt was still open. The main reason was inflation, meaning prices rising faster. The Philippine Statistics Authority reported that inflation hit 7.2% in September, up from 6.1% in August and the fastest since March 2023. It was above the 6.8% economists expected, though within the central bank's 6.4% to 7.4% forecast. Food inflation rose to 6.7%, and the peso weakened further against the US dollar. Investors also locked in profits after Monday's 2% jump.
US–PHHow US news affects the Philippines
Wall Street and Manila moved in opposite directions on Tuesday. The S&P 500 hit a record, while the PSEi fell 1.15% after Philippine inflation reached 7.2%. Prices rose fastest for the poorest households, at 9%, with food up 6.7% and transport up 14.6%. The dollar is part of the story. US Treasury yields remain near their highest since 2002, and safe-haven buying, boosted by worries about France's finances that pushed the euro to a 17-month low, kept the dollar strong. That weakened the peso again. A weaker peso makes imported fuel and food costlier, which feeds inflation. Analysts say the 7.2% reading strengthens the case for the BSP, the Philippine central bank, to raise rates again on October 22. Higher rates raise borrowing costs for companies and give investors safer places to earn income, which tends to weigh on shares. One relief: oil fell after the G7 announced its reserve release, which helps the Philippines because it imports most of its oil.
Sa Taglish
Magkaiba ang direksyon ng Wall Street at Manila nitong Tuesday. Record high ang S&P 500, pero bumagsak ng 1.15% ang PSEi matapos tumalon sa 7.2% ang inflation natin. Pinakamalaki ang tama sa pinakamahihirap na households, 9%, kasi tumaas ng 6.7% ang food at 14.6% ang transport. Parte rin ng kwento ang dollar. Nasa pinakamataas pa rin mula 2002 ang US Treasury yields, o yung tubo na binabayad ng gobyerno ng America kapag nanghihiram sila, tapos lumakas pa ang dollar dahil takot ang mga investor sa problema ng France. Kaya humina ulit ang peso. Kapag mahina ang peso, mas mahal ang imported na gasolina at pagkain, so lalo pang tumataas ang presyo. Sabi ng mga analyst, mas malamang na mag-hike ulit ang BSP sa October 22. Kapag mas mahal ang utang, bumibigat para sa mga kumpanya, tapos may mas safe na mapagkakakitaan ang mga investor, kaya madalas bumababa ang mga stocks. May konting ginhawa naman: bumaba ang oil dahil maglalabas ng reserves ang G7, at malaking tulong yan sa Pilipinas kasi umaasa tayo sa imported na langis.
USD/PHP
Biggest mover: Russell 2000 -0.59%
What to Watch
- The Fed releases minutes of its September meeting Wednesday, which may show how seriously officials are weighing another rate hike.
- The BSP's October 22 meeting will test whether it raises rates again after September inflation hit 7.2%, its highest since March 2023.
- Tanker attacks near the Strait of Hormuz and any change in oil prices will affect Philippine fuel costs and inflation in coming weeks.
Sources
The original reporting behind this issue.
US markets
- Stock Market Today (Oct. 6, 2026): S&P 500 sets new record as oil prices, Treasury yields settle
The S&P 500 set a new record as tech led gains, oil prices retreated and Treasury yields eased, while Constellation Energy, Marvell and Option Care Health were among the big movers.
- Stock market today: S&P 500, Nasdaq hit record highs as Nvidia, AMD lead tech higher
The S&P 500 closed at a record for the first time since August as AI chip leaders Nvidia and AMD reached new highs.
- S&P 500 posts first close above 7,800, boosted by tech gains and cooler yields
The S&P 500 and Nasdaq both finished at closing records, with the S&P 500 ending above 7,800 for the first time.
PH markets
- Stocks slide anew as September inflation surges
Philippine shares fell as September inflation came in faster than expected and some investors took profits after the previous session's jump.
- Stocks drop as September inflation heats up
The PSEi closed at 5,677.12 with every sector lower and decliners outnumbering advancers, as analysts pointed to hotter inflation and thoughts of more BSP rate hikes.
- Philippine inflation jumps to 7.2% in September 2026
The Philippine Statistics Authority said inflation rose sharply to 7.2% in September, matching April's pace and the highest in over three years.
- PH inflation climbs to 7.2% in September
Inflation hit another three-year high as higher food, housing and transport prices ended four straight months of easing.
- Peso sinks as euro zone woes, inflation fears dent sentiment
The peso weakened as demand for safer assets, French fiscal worries and faster Philippine inflation all weighed on the currency.
Cross US–PH
- Philippine September inflation ties three-year high of 7.2%
Food inflation climbed to 6.7% and price growth for the poorest 30% of households rose to 9%, as the central bank has already raised rates three times.
- Stocks drop as September inflation heats up
An economist said the faster inflation could lead to more BSP rate hikes and higher borrowing costs for some listed companies.
- Peso sinks as euro zone woes, inflation fears dent sentiment
Analysts said red-hot inflation strengthens the case for further tightening while safe-haven demand weighed on the peso.
- Euro trades around 17-month low amid French debt worries, dollar steady
The euro hovered near a 17-month low on French fiscal fears while the dollar stayed near its strongest level since April 2025.
- PSEi, peso pressure builds ahead of inflation
Faster inflation was seen reinforcing expectations of another BSP rate increase on October 22.
- Stock Market Today (Oct. 6, 2026): S&P 500 sets new record as oil prices, Treasury yields settle
Oil prices fell as the G7 released reserves, while reports of Iranian attacks on tankers kept shipping risks near the Strait of Hormuz in focus.
Terms to know
- Stock
- A tiny piece of ownership in a company. Buying a company's stock means you own a small part of that business.
- Stock market
- The overall marketplace where stocks are bought and sold. When we say 'the market' or show numbers like the S&P 500 or PSEi, we mean a snapshot of how stocks overall are doing that day.
- Interest rate
- The cost of borrowing money, or what you earn for saving it. When rates go up, loans get pricier, but savings can earn a bit more.
- Inflation (CPI)
- When everyday prices rise over time, so the same money buys less than before. CPI is the number used to measure it.
- Fed (Federal Reserve)
- The US central bank. It sets interest rates, which affect how expensive it is to borrow money, even here in the Philippines.
- BSP (Bangko Sentral ng Pilipinas)
- The Philippine central bank, PH's equivalent of the Fed.
- PSEi
- A single number that tracks how the Philippines' biggest company stocks are doing overall, like a report card for the PH stock market.
- bps (basis points)
- A small unit for measuring interest rate changes: 100 bps = 1%. Used because rate changes are usually tiny.
- 10-Yr Yield
- The interest rate the US government pays to borrow money long-term. When it rises, loans and mortgages tend to get pricier everywhere, not just in the US.
- USD/PHP
- How many pesos it takes to buy one US dollar.
- OFW remittances
- Money sent home by overseas Filipino workers, a key driver of peso demand.
Summaries, mover explanations, and forward-looking notes in this issue are AI-written from real market data and sourced news. Not financial advice.