G.L.A INVE$T RE$EARCH – Top 10 Things That Happened Today in the Stock Market Monday, October 5, 2026 | After the close
Independent, experienced insights, perspectives from a 25 year wall st veteran , Ex stock broker.
Investing Goat Quote of the Day
"In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
- Warren Buffett (Berkshire Hathaway 1988 Chairman's Letter)
Why it matters today: The Nasdaq closed at a record while the 10-year hit its highest yield since 2002, and we would rather keep owning great innovators through that noise than trade in and out of them.
Top 10 Things That Happened Today In The Stock Market
1. Nasdaq record, yields at a 24-year high, and stocks did not care. The Nasdaq rose 286.45 points (+1.05%) to a record 27,477.31, its 23rd record close of 2026 and fourth straight up day. The S&P 500 added +0.66% to 7,773.95 and just missed its own record. The 10-year Treasury yield climbed to 5.31%, the highest since April 2, 2002, per Dow Jones Market Data. Wall Street keeps saying high rates must break growth stocks. Today the market said earnings and AI matter more, at least for now. Q3 earnings season starts later this week. Our view: long-term, rates are a headwind we respect, not a reason to sell compounders. (Sources: WSJ Oct 5, 4:22 PM ET; Dow Jones Market Data via Morningstar; MarketWatch.)
2. ISM Services: growth cools, prices run hot. The September ISM Services PMI came in at 54.9 vs 55.4 in August, the 27th straight month of expansion and a hair under the ~55.0 to 55.7 desk estimates. New Orders 59.8. Employment moved back above 50 to 50.1. The warning sign: the Prices index jumped to 74.0 from 72.6, the highest since July 2022. That is the number the Fed will notice with the 10-year above 5.3%. Short-term watch: Wednesday's FOMC minutes (2:00 PM ET) and CPI on Wed Oct 14. (Sources: ISM report via PR Newswire Oct 5; TheStreet Pro; MarketScreener/Reuters.)
3. Cerebras rips 9% after Altman calls it a "close partner." CBRS closed $181.55 (+9.08%), taking back a big piece of last week's ~20% selloff, though still under the $185 IPO price. Late Friday, OpenAI CEO Sam Altman posted that Cerebras is "a close partner, and we have a deep engagement pushing on the frontiers of speed," pushing back on a SemiAnalysis report that OpenAI's GPT-6.1 Sol "Ultrafast" mode runs on Nvidia GPUs. Barclays called the selloff "overdone" and said Cerebras remains the preferred provider but is supply limited. Mizuho reiterated Outperform with a $300 target. Our view: we have covered Cerebras since about $21 in the private market, inference demand looks close to infinite, and we stay bullish and DCA on weakness. Long-term hold. (Sources: Forbes via Yahoo Finance; Investing.com ; CNBC; Barron's, Oct 5; close from Yahoo Finance.)
4. SpaceX jumps 7.6% on "Cheap and Getting Cheaper." SPCX closed $171.09 (+7.63%) on about 134 million shares. Morgan Stanley's Adam Jonas reiterated Overweight and a $300 target in a Sunday note, arguing SpaceX is cheap once you adjust for growth (about 0.3x growth-adjusted EV/EBIT vs ~0.5x for a megacap AI peer group). He called a possible Starship upper-stage catch on Flight 15 (expected late October or early November) potentially the biggest positive catalyst since the IPO. Musk also confirmed early talks with TSMC on a Texas chip fab that would supply Tesla, SpaceX and xAI ("Just discussions, but something may come of it"). Our view: launch, Starlink and orbital AI compute are the long-term story. Long-term hold/DCA in our APEX book. (Sources: CNBC; Motley Fool; Benzinga; TipRanks, Oct 5.)
5. Tesla keeps climbing after the deliveries beat. TSLA closed $378.73 (+2.20%), adding to Friday's +4.65% after Q3 deliveries of 486,532 beat consensus. Baird's Ben Kallo reiterated Outperform with a $475 target after the beat. The same TSMC fab talks that lifted SpaceX matter here too, since chip supply is the bottleneck for FSD, Optimus and Cybercab. Next binary: Q3 earnings Wed Oct 21 after the close. Our view: the path to $4,000 by 2030 runs through autonomy and robotics, not quarterly car counts. Long-term hold/DCA. (Sources: StreetInsider/ Investing.com on Baird; Motley Fool on TSMC talks; Tesla IR; close from Yahoo Finance.)
6. The AI megacaps carried the index. NVDA $238.90 (+2.12%), META $741.90 (+1.90%), MSFT $525.18 (+1.48%) led the gains, per Reuters. Melius Research upgraded Microsoft to Buy from Hold and raised its target to $665 from $465, citing enterprise demand for AI security, governance and agent-management tools, and Azure growth it sees above 50% by late fiscal 2027. AMD slipped -0.34% to $631.75 after a big run. Our view: NVDA stays a core long-term AI name for us. Wall Street upgrading Microsoft now, after the run, is a reminder that the crowd usually shows up late. (Sources: Reuters via MarketScreener; Melius coverage via Investing.com , TipRanks, Yahoo Finance; closes from Yahoo Finance.)
7. Strategy hits 848,000 bitcoin and books a ~$21B Q3 gain. Strategy's Monday 8-K shows it bought 334 BTC for $28.7 million (average $85,838.80) from Oct 1 to Oct 4, bringing holdings to 848,000 BTC at an average cost of $75,440.70. It also repurchased about $176.3 million of STRC preferred, and estimated a $20.91 billion Q3 gain on digital assets. MSTR closed $164.43 (+2.76%) even with bitcoin slightly red near $85,770. ARKB $28.41 (+1.72%), COIN $188.22 (+2.85%) after BofA raised its target to $203. Our view: bitcoin at $1M by 2030 and MSTR as the leveraged long-term vehicle, with STRC as our income and capital-storage slot. House view, labeled as such. (Sources: Strategy 8-K Oct 5 via SEC/StockTitan; The Block; Saylor on X; closes from Yahoo Finance.)
8. Schneider pays $22.6B for PTC. Industrial AI gets a price tag. France's Schneider Electric agreed to buy PTC for $205 a share in cash, valuing equity at about $22.6 billion (enterprise value $23.7 billion), a 42.3% premium to Friday's close. PTC closed $192.26 (+33.49%), below the offer price, which shows the market pricing a long road to close (targeted by Q3 2027, needing shareholder, HSR and CFIUS approvals). Our view: big legacy industrials are paying up for software and AI. This is not a stock for us to chase after a takeover pop, but it confirms the industrial AI theme is real. (Sources: Schneider Electric/PTC press release and PTC 8-K Oct 5; WSJ; Reuters via Business Standard; close from Yahoo Finance.)
9. France spooks the euro. Oil eases even with Brent near $100.Worries over France's finances pushed the euro to a 17-month low, and Paris stocks fell about 1% to six-month lows, per Reuters. The dollar index rose. Oil eased: WTI front-month near $89.25 (-2.0%) on the Yahoo bar, with Brent still hovering just above $100 as recovering Middle East exports and a planned G7 reserve release of up to 100 million barrels offset Hormuz risk. Our view: global bond stress is the risk to watch this fall, which is exactly why we never use margin. (Sources: Reuters via MarketScreener; Economy Middle East; EnergyNow, Oct 5; CL=F from Yahoo Finance.)
10. The Yankees will lose again.
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Disclaimer: This is not investment advice. G.L.A INVE$T RE$EARCH is not an investment advisory or brokerage. We are a private research company that helps retail investors make informed decisions. G.L.A INVE$T RE$EARCH is independent educational research; the author is a former broker and is not currently licensed or a registered investment adviser.
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