Markets hover near record highs as investors weigh weak breadth, crypto volatility and fresh Fed uncertainty. Plus, AI adoption and rising demand for data centers continue to fuel a long-term tech opportunity. Later, political and regulatory risks put crypto and government investments in focus as investors look toward the midterms.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI, crypto and market breadth drive the trading day 10/7/26

Morning Call

[SPEAKER_02] I'm Morgan Brennan and this is your Morning Call. Good Wednesday morning. Let's get a check on U.S. stock futures with the S&P 500 and the Nasdaq sitting at fresh record highs as of yesterday's close. It's a bit of a mixed picture here this morning, taking a breather with the Dow poised to

[SPEAKER_02] open lower by 111 points, the Nasdaq down 91 points. The S&P is basically sitting at the flatline pre-market, poised to open up fractionally higher. And I do mean fractionally, half of one point. But we are a big thanks to Big Tech for the move. The sector also sitting at a record. It's the only S&P 500 sector at a fresh record high, which tells you how much of a lift it has been doing. We're going to have much more on that in just a moment. Meantime, let's get a check on the other big

[SPEAKER_02] market mover, which is the bond market and what we've seen in treasuries. You can see right there, yields are higher across the curve this morning. 10-year treasury yielding 5.3 percent. We get a big 10-year offering this afternoon, so keep an eye there. And Fed-sensitive two-year treasury, 4.8 percent. 30-year treasury yielding 5.68 percent. We'll also get a check on the dollar index since we know that has been an area of focus and movement to start off the week. And you can

[SPEAKER_02] see dollar index level right now, 102.23. And let's also get a check on energy because we did see crude move higher this morning. And that continues here. WTI is up fractionally, trading just below $89 a barrel. And Brent crude is up six-tenths of one percent as well, trading around $101 a barrel.

AI, crypto and market breadth drive the trading day 10/7/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AI, crypto and market breadth drive the trading day 10/7/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.