--- title: "Dow Lags as Wall Street Turns the Page on Mixed Q3" type: "News" locale: "en" url: "https://longbridge.com/en/news/300815259.md" description: "Wall Street ended Q3 with mixed results; the Nasdaq and S&P 500 posted quarterly gains, while the Dow suffered a steep loss, snapping a five-month winning streak. Surging Treasury yields and high oil prices pressured stocks early in the week, though cooler inflation data and weaker jobs figures later boosted sentiment. Individual stocks saw sharp moves due to earnings and corporate news, such as Navitas securing an Army contract and Nike struggling with revenue. Looking ahead, October brings FOMC minutes and key economic data, with analysts noting historical bullish seasonality for the S&P 500 despite current risks." datetime: "2026-10-02T17:25:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300815259.md) - [en](https://longbridge.com/en/news/300815259.md) - [zh-HK](https://longbridge.com/zh-HK/news/300815259.md) generator: "portal-rs" --- # Dow Lags as Wall Street Turns the Page on Mixed Q3 This week marked the end of September and the third quarter. The Nasdaq was the only major index to eke out a monthly win, while the Dow **snapped a five-month winning streak**. On a quarterly basis, the Nasdaq and S&P 500 finished in the black, while the Dow suffered a steep third-quarter loss. Wall Street kicked off the fourth quarter on shaky footing, as surging **Treasury yields** and elevated oil prices pressured stocks throughout much of the week. The 10-year Treasury yield climbed to its highest level since 2002, while the 30-year yield touched a 24-year high, with weakness in AI stocks adding to the pressure. Cooler-than-expected **inflation data** offered some relief Wednesday, though stocks struggled to gain meaningful ground. Sentiment improved by Friday after weaker-than-expected jobs data sent Treasury yields lower, helping tech stocks rally and the **Nasdaq notch a fresh record high**. At midday, the Dow and S&P 500 were headed for weekly losses, while the Nasdaq was on track for its third-straight weekly win. ## Stocks Making Moves A mix of corporate developments and earnings sparked sharp moves across individual stocks. **Navitas Semiconductor (NVTS)** surged after securing a U.S. Army contract, while **Robinhood Markets (HOOD)** popped after unveiling an AI-powered trading agent and 24/7 stock trading. MongoDB (MDB) moved in the opposite direction following **a C-suite shakeup**, though options bulls **were quick to target the subsequent selloff**. **Micron Technology (MU)** slid Thursday despite a blowout fiscal fourth-quarter report, while **ON Semiconductor (ON)** rallied Friday on an amended merger agreement. **Nike (NKE)** also struggled, extending its 2026 losses after a disappointing revenue report. ## Bullish and Bearish Signals Flash Several stocks also landed on our radar after flashing notable technical signals. **Duolingo (DUOL)** sports a historically bullish setup, while **RTX (RTX)** and **Barclays (BCS)** pulled back to a trendlines that have preceded gains in the past. On the other side of the ledger, **Energy Fuels (UUUU)** is a stock traders might want to avoid in October. ## Looking Ahead Looking ahead, the **first full trading week** of October will bring minutes from September's Federal Open Market Committee (FOMC) meeting, U.S. services purchasing managers' index (PMI) data, and another round of earnings, including reports from **Delta Air Lines (DAL)**, PepsiCo (PEP), and Applied Digital (APLD). Per Schaeffer's Senior Quantitative Analyst Rocky White, investors also have some **encouraging seasonality** to consider, as the S&P 500 enters what has historically been a bullish stretch. Meanwhile, despite mounting risks and persistent pessimism, Schaeffer's Senior V.P. of Research Todd Salamone pointed out that **technical support for the index** remains intact. ### Related Stocks - [BCS.US](https://longbridge.com/en/quote/BCS.US.md) - [DUOL.US](https://longbridge.com/en/quote/DUOL.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [MDB.US](https://longbridge.com/en/quote/MDB.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [NKE.US](https://longbridge.com/en/quote/NKE.US.md) - [NVTS.US](https://longbridge.com/en/quote/NVTS.US.md) - [ON.US](https://longbridge.com/en/quote/ON.US.md) - [RTX.US](https://longbridge.com/en/quote/RTX.US.md) - [UUUU.US](https://longbridge.com/en/quote/UUUU.US.md) - [AHD.US](https://longbridge.com/en/quote/AHD.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DUOG.US](https://longbridge.com/en/quote/DUOG.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOC.US](https://longbridge.com/en/quote/HOOC.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [MDBX.US](https://longbridge.com/en/quote/MDBX.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [NVTC.US](https://longbridge.com/en/quote/NVTC.US.md) - [NVTX.US](https://longbridge.com/en/quote/NVTX.US.md) - [ONG.US](https://longbridge.com/en/quote/ONG.US.md) - [ONX.US](https://longbridge.com/en/quote/ONX.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [RTXG.US](https://longbridge.com/en/quote/RTXG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPDN.US](https://longbridge.com/en/quote/SPDN.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPUU.US](https://longbridge.com/en/quote/SPUU.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [UUUC.US](https://longbridge.com/en/quote/UUUC.US.md) - [UUUG.US](https://longbridge.com/en/quote/UUUG.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [APLD.US](https://longbridge.com/en/quote/APLD.US.md) - [DAL.US](https://longbridge.com/en/quote/DAL.US.md) - [PEP.US](https://longbridge.com/en/quote/PEP.US.md) ## Related News & Research - [Buy Nike Stock (NKE) Ahead of Earnings, Says Jefferies](https://longbridge.com/en/news/300340314.md) - [These Analysts Cut Their Forecasts On Nike Following Q1 Results](https://longbridge.com/en/news/300796362.md) - [Why Micron’s 87% gross margin is a blessing and a curse](https://longbridge.com/en/news/300718008.md) - [Micron reports another beat-and-raise earnings. The stock is unchanged.](https://longbridge.com/en/news/300617796.md) - [Nike Just Reported Earnings. Here's What Investors Need to Know.](https://longbridge.com/en/news/300813690.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**