The Japanese firm sold 10,000 BTC before buying 11,000 BTC, demonstrating liquidity as it seeks recurring income from preferred securities.
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Stock Market Today (Oct. 5, 2026): (Futures)
This live blog is refreshed throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here.
Happy Monday. Stock futures were edging lower Monday as investors contended with rising bond yields and the upcoming release of the Fed’s meeting minutes.
Investors will look to minutes from the Federal Reserve’s September meeting Wednesday for clues on the path of interest rates.
Markets closed higher on Friday, with the Nasdaq reaching an intraday record high during the session, as a weaker-than-expected jobs report eased concerns about potential interest rate hikes from the Federal Reserve.
“Equities are benefiting from Friday’s softer US labor market report which saw September payrolls increase by just 29,000, well below expectations,” Daniela Hathorn, senior market analyst with Capital.com, said. “The previous two months were revised down by a combined 60,000 and unemployment edged up to 4.2%.”
“The data helped reduce expectations for another Fed hike in October, helping the Nasdaq 100 close Friday at fresh highs and taking some strength out of the dollar.”
The complication is the bond market, Hathorn said, which remains stubbornly weak.
“The 10-year Treasury yield is still around 5.25%, despite the disappointing payroll report and reduced expectations of an imminent Fed hike,” she noted.
“That reinforces the idea that the long-end sell-off is being driven by more than monetary policy: elevated real yields, heavy borrowing and competition for capital continue to demand a higher term premium.”
“For equities, this creates an unusual divergence as growth stocks are rallying because Fed expectations have softened, while the risk-free rate against which those valuations are judged remains exceptionally high,” Hathorn said.
Constellation Brands (STZ), Levi Strauss (LEVI), PepsiCo (PEP) and Delta Air Lines (DAL) are among the companies reporting earnings this week.
U.S. dollar climbs to 18-month high as bitcoin holds firm around $86,000
A stronger dollar and rising bond yields are testing bitcoin’s resilience as fiscal concerns in France and political uncertainty in Spain weigh on the euro.
Live updates: Bitcoin above $86,000 as traders price out an October Fed hike
A weak September jobs report took a rate hike off the table, but bitcoin is still stuck below $87,000, with FOMC minutes due Wednesday.
Cardano’s ADA leads gains in narrow range-bound market
In traditional markets, the U.S. Dollar Index jumped to 102.53 early today, the highest since April 2025, extending its rise from the Sept. 9 low of 98.60.
How stocks will react when the catalysts are few
Oct. 2, in case you needed a reminder, offered investors a solid relief rally.
The Nasdaq Composite and Nasdaq-100 jumped to all-time highs and ended strongly as the technology sector surged. The Dow Jones industrials finished with a 250-point gain, and the Standard & Poor’s 500 Index rose 0.7% to 7,223.
Optical equipment giant Lumentum Holdings (LITE), up 15.3% last helped power those gains.
Read more: Diesel, gas prices jump in September: Now what?
The G-7 industrial nations announced a plan to release 100 million barrels and oil and diesel fuel into global markets over the next four months. And there’s an expectation oil prices should go down this week and perhaps this fall.
Oil prices were modestly higher in trading late on Oct. 4. Stock index futures indicated a positive open for Oct. 5.
If nothing crazy happens, technology appears to have momentum on its side.
But the risks to markets remain, even if investors went into the weekend feeling fairly cheery. Mostly, the risks will be to energy markets, first, and bond markets, which have pushed global interest rates sharply in 2026.
The 10-year Treasury yield ended the week at 5.28%, up slightly from Oct 1’s close but lower than its 52-week high of 5.35% reached a day earlier. A 30-year mortgage would run you 7.57%, according to Mortgage News Daily, but that was down slightly from its Sept. 30 high of 7.6%.
Energy and interest rates are bound together by the conflict between the United States, Israel and Iran. And no one has much of a clue what may happen this coming week, let alone how it will end.
The concern is that, after maybe a week of evidence that tanker passage through the Strait of Hormuz was practically at pre-war levels, suddenly it wasn’t. Since Sept. 28, there have been at least seven Iranian strikes on vessels around the Strait, which links the Persian Gulf to the Indian ocean and beyond, The Wall Street Journal reported on Oct. 4.
Plus, the Defense Department is sending another aircraft carrier into the Middle East to go with two carriers already there. And it also adding an amphibious ship with 2,000 soldiers as well.
Complicating matters, on Sept. 4, Yemen’s government, which is backed by Saudi Arabia, declared war on Houthi rebels. This group is backed by Iran. U.S. military staff are providing intelligence and targeting planning assistance, the New York Times reported.
Here’s what else to watch.
Drone view of an oil tanker at sea. Getty ImagesCheunghyo / Getty Images
ISM services and Fed minutes top economic reports
These can move market but not like the Oct. 2 jobs report, which reported surprisingly light employment gains in September.
The Institute for Supply Management’s Services Managers Report, due Oct. 5, is expected to report an index reading of 55, down slightly from its August reading.That will suggest the domestic economy is stable.
The Federal Reserve will release the minutes from its Sept. 15-16 meeting, where its Federal Open Market Committee boosted its key interest rate slightly to try to force U.S. inflation lower. What investors and others want to know is how gung-ho the Fed may be to raise rather further.
There will be attention paid to the University of Michigan’s October survey on consumer sentiment, due on Oct. 9. So far this year, the survey has suggested consumers are not particularly bullish on the domestic economy. But non-bullishness has not translated into lower spending patterns.
More oil, gas and the economy
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PepsiCo and Delta Air Lines offer biggest earnings reports
Frankly, this is not a big week for earnings report. The real flood will start on Oct. 13 when the nation’s biggest banks release their numbers.
Earnings from four consumer companies will dominate the week’s reports. The two most important: PepsiCo (PEP), due Oct. 8, and Delta Air Lines (DAL), due Oct. 9. Both companies are consumer-facing companies and will have much to say about consumer spending and travel demand.
A third report to consider: Constellation Brands (STZ), maker and distributor of beer, wine and spirits. Due Oct. 6, Constellation and its competitors have struggled in the last few years because many people have stopped or sharply reduced their consumption of alcoholic beverages.
Lastly, Levi Strauss (LEVI), due Oct. 7, will offer a look at how its business has fared under Trump administration tariffs. In July, the company boosted its full-sales and revenue guidance. The shares jumped 62% between March and the end of July but are down 23% since.
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The Philadelphia Phillies got an unfortunate update on their new manager candidate as Alex Cora reportedly made a conflicting plan.
Ex-Prince Andrew Files Legal Challenge Over Police Searches, Arrest In Epstein Case
The former royal was detained and questioned by police in February, shortly after the DOJ released a tranche of Jeffrey Epstein-related documents.
Top-Performing Stock ETFs
Stock exchange-traded funds, or equity ETFs, are often low-cost, tax-efficient instruments for tracking popular indexes or leveraging experienced managers’ choices to beat the market. The best serve as low-cost building blocks in a portfolio, and unlike open-end mutual funds, all ETFs are traded throughout the day on an exchange.In the third quarter of 2026, the top-performing stock ETFs included large blend fund Simplify US Equity PLUS Managed Futures Strategy ETF CTAP and large growth fund ALPS O’Shares Global Internet Giants ETF Shares OGIG. Data in this article is sourced from Morningstar Direct.Screening for the Best-Performing ETFsWhen evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.To find the quarter’s best-performing stock ETFs, we screened the Morningstar US equity category for those that trade within the United States. We excluded exchange-traded notes and ETFs with less than $100 million in total assets.Within our list, four funds fell into the large growth category, where the average name rose 1.19% in the third quarter.The 10 Best-Performing ETFs for Q3 2026Simplify US Equity PLUS Managed Futures Strategy ETF CTAPALPS O’Shares Global Internet Giants ETF Shares OGIGDana Unconstrained Equity ETF DUNKBushido Capital US SMID Cap Equity ETF RNINBushido Capital US Equity ETF SMRIYieldmaxtm Magnificent 7 Fund Of Option Income ETFs YMAGNomura Focused Large Growth ETF LRGGNYLIM US Large Cap R&D Leaders ETF LRNDPacer US Cash Cows 100 ETF COWZLevel Four Large Cap Growth Active ETF LGROMetrics for the Best-Performing Stock ETFsSimplify US Equity PLUS Managed Futures Strategy ETFMorningstar Rating: N/AExpense Ratio: 0.1%Morningstar Category: Large BlendThe $166.1 million Simplify US Equity PLUS Managed Futures Strategy ETF was the best-performing ETF in the third quarter, with a 12.71% gain. The actively managed Simplify Asset Management ETF beat the 1% gain on the average fund in Morningstar’s large blend category for the quarter. The fund launched in December 2025 and does not have a one-year record.The Simplify US Equity PLUS Managed Futures Strategy ETF has not yet been awarded a Morningstar Medalist Rating.ALPS O’Shares Global Internet Giants ETF SharesMorningstar Rating: ★Expense Ratio: 0.48%Morningstar Category: Large GrowthThe second-best-performing ETF in the third quarter was the $101.2 million ALPS O’Shares Global Internet Giants ETF Shares. The passively managed ALPS ETF returned 12.34%, outperforming the average large growth fund, which gained 1.19%. Over the last year, the fund has fallen 13.14%, underperforming the 10.34% gain on funds in its category, placing it in the 100th percentile for the period.The Neutral-rated ALPS O’Shares Global Internet Giants ETF Shares launched in June 2018.Dana Unconstrained Equity ETFMorningstar Rating: N/AExpense Ratio: 0.75%Morningstar Category: Large BlendThe $169.9 million Dana Unconstrained Equity ETF was the third-best-performing ETF in the third quarter, with an 11.59% gain. The actively managed Dana ETF beat the 1% gain on the average fund in Morningstar’s large blend category for the quarter. Over the last year, the fund has gained 11.08%, underperforming the 12.99% gain on funds in its category, placing it in the 71st percentile for the period.The Dana Unconstrained Equity ETF has not yet been awarded a Morningstar Medalist Rating.Bushido Capital US SMID Cap Equity ETFMorningstar Rating: N/AExpense Ratio: 0.68%Morningstar Category: Mid-Cap ValueThe $197.3 million Bushido Capital US SMID Cap Equity ETF ranked fourth for the quarter, returning 10.77%. The None ETF, which is actively managed, beat the 1.63% loss on the average mid-cap value fund. Over the past year, the fund has risen 31.37%, outperforming the 12.77% gain on funds in its category, placing it in the third percentile for the period.The Bushido Capital US SMID Cap Equity ETF has not yet been awarded a Morningstar Medalist Rating.Bushido Capital US Equity ETFMorningstar Rating: N/AExpense Ratio: 0.71%Morningstar Category: Mid-Cap ValueThe $667 million Bushido Capital US Equity ETF was the fifth-best-performing ETF in the third quarter, with a 9.90% gain. The actively managed None ETF beat the 1.63% loss on the average fund in Morningstar’s mid-cap value category for the quarter. Over the last year, the fund has gained 31.02%, outperforming the 12.77% gain on funds in its category, placing it in the fourth percentile for the period.The Bushido Capital US Equity ETF has not yet been awarded a Morningstar Medalist Rating.Yieldmaxtm Magnificent 7 Fund Of Option Income ETFsMorningstar Rating: N/AExpense Ratio: 1.34%Morningstar Category: Large BlendThe sixth best-performing ETF in the third quarter was the $293.4 million Yieldmaxtm Magnificent 7 Fund Of Option Income ETFs. The actively managed YieldMax ETF returned 8.93%, outperforming the average large blend fund, which gained 1.00%. Over the last year, the fund has climbed 10.12%, underperforming the 12.99% gain on funds in its category, placing it in the 77th percentile for the period.The Yieldmaxtm Magnificent 7 Fund Of Option Income ETFs has a Negative Morningstar Medalist Rating, meaning Morningstar analysts expect it to underperform the average fund in its category over a market cycle.Nomura Focused Large Growth ETFMorningstar Rating: N/AExpense Ratio: 0.44%Morningstar Category: Large GrowthThe $287.8 million Nomura Focused Large Growth ETF ranked seventh for the quarter, returning 8.73%. The Nomura ETF, which is actively managed, beat the 1.19% gain on the average large growth fund. Over the past year, the fund has lost 0.31%, underperforming the 10.34% gain on funds in its category, placing it in the 93rd percentile for the period.The Neutral-rated Nomura Focused Large Growth ETF launched in May 2024.NYLIM US Large Cap R&D Leaders ETFMorningstar Rating: ★★★★Expense Ratio: 0.14%Morningstar Category: Large GrowthThe $455.8 million NYLIM US Large Cap R&D Leaders ETF was the eighth-best-performing ETF in the third quarter, with an 8.38% gain. The passively managed New York Life Investment Management ETF beat the 1.19% gain on the average fund in Morningstar’s large growth category for the quarter. Over the last year, the fund has gained 20.38%, outperforming the 10.34% gain on funds in its category, placing it in the 11th percentile for the period.The Gold-rated NYLIM US Large Cap R&D Leaders ETF launched in February 2022.Pacer US Cash Cows 100 ETFMorningstar Rating: ★★★★Expense Ratio: 0.49%Morningstar Category: Mid-Cap ValueThe ninth-best-performing ETF in the third quarter was the $18.6 billion Pacer US Cash Cows 100 ETF. The passively managed Pacer ETF returned 7.98%, outperforming the average mid-cap value fund, which dropped 1.63%. Over the last year, the fund has climbed 18.57%, outperforming the 12.77% gain on funds in its category, placing it in the 17th percentile for the period.The Neutral-rated Pacer US Cash Cows 100 ETF launched in December 2016.Level Four Large Cap Growth Active ETFMorningstar Rating: ★★★★Expense Ratio: 0.5%Morningstar Category: Large GrowthThe $144.7 million Level Four Large Cap Growth Active ETF ranked tenth for the quarter, returning 7.96%. The ALPS ETF, which is actively managed, beat the 1.19% gain on the average large growth fund. Over the past year, the fund has risen 17.14%, outperforming the 10.34% gain on funds in its category, placing it in the 18th percentile for the period.The Bronze-rated Level Four Large Cap Growth Active ETF launched in August 2023.How to Find Top ETFs for the Long TermETFs are often equated with low-cost indexing. However, the ETF marketplace has grown increasingly complicated. Some ETFs track a very narrow part of the market or pursue specific themes. Some invest based on a particular factor or a combination of them. And now there are actively managed ETFs.Use these Morningstar resources to help find the best ETFs for the long term:Learn about the types of exchange-traded funds, their costs, and how to invest in them by reading Morningstar’s Guide to ETF Investing.Find the highest-rated ETFs across all investment categories in The Best ETFs and How They Fit in Your Portfolio.Review Morningstar director of personal finance Christine Benz’s suggested ETF portfolios for those saving for or already in retirement, including Tax-Efficient Retirement-Saver Portfolios for ETF Investors, Tax-Sheltered Retirement-Saver Portfolios for ETF Investors, ESG Tax-Sheltered Retirement-Saver Portfolios for ETF Investors, Tax-Sheltered Retirement-Bucket Portfolios for ETF Investors, and Tax-Sheltered ESG Retirement-Bucket Portfolios for ETF Investors.Research ETFs based on your personal selection criteria by using our Morningstar Investor Screener. The tool, available to Morningstar Investor members, screens ETFs based on various criteria, including asset class, Morningstar Category, Medalist Rating, and fees.Visit Morningstar’s ETF page for the latest articles and videos from our ETF specialists.
How the Largest Bond ETFs in the US Performed
Each month, we check in on the performance of the largest US bond exchange-traded funds.When evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.Out of the 10 largest US bond ETFs, the top performer last month was the $49.8 billion State Street SPDR Bloomberg 1-3 Month T-Bill ETF BIL, which gained 0.31%. The bottom performer was the $72 billion Vanguard Intermediate-Term Corporate Bond Index Fund VCIT, which lost 2.97%.Here’s more about the performance of the largest bond ETFs.Vanguard Total Bond Market Index Fund BNDMorningstar Medalist Rating: GoldMorningstar Category: Intermediate Core BondIn September, the Vanguard Total Bond Market Index Fund fell 2.56%, while the average intermediate core bond fund lost 2.64%. The fund outperformed 77% of its peers. The $398.8 billion fund has dropped 1.82% over the past year, performing roughly in line with the average fund in its category, which fell 1.88%. The Vanguard fund, launched in April 2007, has climbed 4.04% over the past three years annualized and lost 0.64% annualized over the past five years.iShares Core US Aggregate Bond ETF AGGMorningstar Medalist Rating: GoldMorningstar Category: Intermediate Core BondIn September, the iShares Core US Aggregate Bond ETF fell 2.62%, while the average intermediate core bond fund lost 2.64%. The fund outperformed 68% of its peers. The $135.7 billion fund has dropped 1.86% over the past year, performing roughly in line with the average fund in its category, which fell 1.88%. The iShares fund, launched in September 2003, has climbed 4.05% over the past three years annualized and lost 0.64% annualized over the past five years.Vanguard Total International Bond Index Fund BNDXMorningstar Medalist Rating: GoldMorningstar Category: Global Bond-USD HedgedThe $123 billion Vanguard Total International Bond Index Fund fell 1.31% in September. The loss on the fund edged out the 1.60% loss on the average fund in the global bond-USD hedged category, outperforming 69% of its peers. Over the past year, the Vanguard fund fell 0.92%, while the average fund in its category fell 0.45%. The fund, launched in May 2013, has climbed 3.90% over the past three years annualized and lost 0.07% annualized over the past five years.iShares 0-3 Month Treasury Bond ETF SGOVMorningstar Medalist Rating: NeutralMorningstar Category: Ultrashort BondThe $112.3 billion iShares 0-3 Month Treasury Bond ETF rose 0.30% in September. The gain on the fund beat the 0.06% gain on the average fund in the ultrashort bond category, outperforming 87% of its peers. Over the past year, the iShares fund rose 3.74%, while the average fund in its category rose 3.61%. The fund, launched in May 2020, has climbed 4.54% over the past three years annualized and 3.78% annualized over the past five.Vanguard Short-Term Inflation-Protected Securities Index Fund VTIPMorningstar Medalist Rating: GoldMorningstar Category: Short-Term Inflation-Protected BondIn September, the Vanguard Short-Term Inflation-Protected Securities Index Fund fell 0.89%, while the average short-term inflation-protected bond fund lost 1.01%. The fund outperformed 75% of its peers. The $73.2 billion fund has climbed 1.33% over the past year, outperforming the average fund in its category, which rose 0.66%. The Vanguard fund, launched in October 2012, has climbed 4.77% over the past three years annualized and 2.89% annualized over the past five.Vanguard Intermediate-Term Corporate Bond Index Fund VCITMorningstar Medalist Rating: GoldMorningstar Category: Corporate BondThe $72 billion Vanguard Intermediate-Term Corporate Bond Index Fund fell 2.97% in September. The loss on the fund was worse than the 2.70% loss on the average fund in the corporate bond category, underperforming 83% of its peers. Over the past year, the Vanguard fund fell 2.23%, while the average fund in its category fell 2.17%. The fund, launched in November 2009, has climbed 5.74% over the past three years annualized and 0.33% annualized over the past five.Vanguard Short-Term Bond Index Fund BSVMorningstar Medalist Rating: BronzeMorningstar Category: Short-Term BondIn September, the Vanguard Short-Term Bond Index Fund fell 1.06%, while the average short-term bond fund lost 1.00%. The fund underperformed 62% of its peers. The $71 billion fund has climbed 0.77% over the past year, underperforming the average fund in its category, which rose 1.46%. The Vanguard fund, launched in April 2007, has climbed 4.27% over the past three years annualized and 1.52% annualized over the past five.Vanguard Intermediate-Term Bond Index Fund BIVMorningstar Medalist Rating: NeutralMorningstar Category: Intermediate Core BondThe $52.1 billion Vanguard Intermediate-Term Bond Index Fund fell 2.95% in September. The loss on the fund was worse than the 2.64% loss on the average fund in the intermediate core bond category, underperforming 87% of its peers. Over the past year, the Vanguard fund fell 2.62%, while the average fund in its category fell 1.88%. The fund, launched in April 2007, has climbed 4.29% over the past three years annualized and lost 0.54% annualized over the past five years.Vanguard Short-Term Corporate Bond Index Fund VCSHMorningstar Medalist Rating: GoldMorningstar Category: Short-Term BondThe $51.7 billion Vanguard Short-Term Corporate Bond Index Fund fell 1.20% in September. The loss on the fund was worse than the 1.00% loss on the average fund in the short-term bond category, underperforming 72% of its peers. Over the past year, the Vanguard fund rose 1.13%, while the average fund in its category rose 1.46%. The fund, launched in November 2009, has climbed 5.23% over the past three years annualized and 2.17% annualized over the past five.State Street SPDR Bloomberg 1-3 Month T-Bill ETF BILMorningstar Medalist Rating: NeutralMorningstar Category: Ultrashort BondThe $49.8 billion State Street SPDR Bloomberg 1-3 Month T-Bill ETF rose 0.31% in September. The gain on the fund beat the 0.06% gain on the average fund in the ultrashort bond category, outperforming 91% of its peers. Over the past year, the State Street fund rose 3.66%, while the average fund in its category rose 3.61%. The fund, launched in May 2007, has climbed 4.46% annualized over the past three years and 3.66% annualized over the past five.