Markets push higher as AI and compute demand remain resilient despite rising Treasury yields and concerns about market concentration. Plus, the next phase of AI agents, crypto and orbital data centers is creating new opportunities across technology and space infrastructure. Later, investors look beyond the U.S. as higher yields, emerging markets and infrastructure spending reshape the global investment outlook.<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, rates and global growth shape the market outlook 10/6/26

Morning Call

[SPEAKER_09] I'm Morgan Brennan and this is your Morning Call. Good Tuesday morning. Let's get a check on U.S. stock futures, which are in the green after a banner day for the major averages yesterday, led by the Nasdaq. You can see we're poised for gains again this morning with the S&P indicated to open up 14 points, the Dow 201 points, and the Nasdaq basically just above the flatline 32 points. Keep in mind, though, for the Nasdaq and the Nasdaq 100 were back at an all-time high, closed at a new record yesterday.

[SPEAKER_09] The Nasdaq's big move higher was driven by the big cap, the big tech trade, she says, as AI and the Mag 7 rallies back to record highs. Mag 7 stocks are now pacing the S&P 500 year-to-date. That's as of trading yesterday. And if we check some of those names this morning, you can see in the green again right now pre-market with Meta and Alphabet leading the charge, each up about 0.6%.

[SPEAKER_09] Big tech's big move coming, even as yields remain elevated, with the 10- and 30-year treasuries sitting at their highest levels since 2002, taking a bit of a breather here this morning. And by the way, that is the story for global bond yields overall. We'll get to that in just a moment. But if we check the levels right now on the screen, U.S. 10-year treasury yielding 5.27%, Fed-sensitive two-year treasury 4.81%, and the third-year treasury 5.63%.

[SPEAKER_09] Let's also get a check on the dollar index, which is sitting at its highest levels in about 17 months since April-May of last year. You can see slightly lower this morning, but trading right around 102 is the level there.

AI, rates and global growth shape the market outlook 10/6/26

Read the full transcript

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

AI, rates and global growth shape the market outlook 10/6/26

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.