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<\/p>\n\nOctober 5, 2026 8:10 AM, EDT
\n | Updated: October 5, 2026 10:04 AM, EDT<\/p>\n
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(Peter Morgan\/AP\/file)<\/p>\n
Key Takeaways:![\"Toggle](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/10\/expand.png\" "\\"Toggle")
\nOil prices have been yo-yoing lately amid uncertainty about how the war with Iran will reshape the global oil industry.RXO jumped 23% after C.H. Robinson Worldwide said it would buy the truck brokerage business in a deal where RXO investors could get $30.25 in cash for each of their shares. Due for release this week are new data covering the health of the U.S. services sector, unemployment and consumer sentiment. <\/p>\n
NEW YORK \u2014 U.S. stocks are holding relatively steady on Oct. 5 following the latest yo-yo moves for oil prices.\n \t <\/p>\n
The S&P 500 ticked up by 0.2% and pulled within 0.8% of its all-time high set during the summer. The Dow Jones Industrial Average was down 103 points, or 0.2%, as of 9:35 a.m. Eastern time, while the Nasdaq composite was 0.5% higher and on track to set its own record.\n \t \t\t<\/p>\n
The moves were sharper in the oil market, where the price for a barrel of Brent crude swung between $100 and $103 in the morning. It was most recently at $101.83, down 0.4%.\n \t <\/p>\n
Oil prices have been shaky because of uncertainty about when the war with Iran will allow the global crude industry to return to normal. That in turn has helped push up yields in the bond market, and the 10-year U.S. Treasury yield rose to 5.30% from 5.28% late Oct. 2. It\u2019s near its highest level since 2002.\n \t\t<\/p>\n
High yields can slow the economy by making it more expensive for everyone to borrow money, while also making investors feel less willing to pay high prices for stocks and other investments.\n \t <\/p>\n
On Wall Street, a couple of buyout announcements helped support stocks.\n \t <\/p>\n