Dow futures jump 220 points: 5 things to know before Wall Street opens on Oct. 6

• The 30-year Treasury yield eased to 5.63% from a 2002 high of 5.70%, giving relief to high-valuation stocks, while oil prices dropped to $87.60 (WTI) following G7 reserve releases and stronger Middle East exports.
• Nvidia gained 0.7% pre-market, nearing a $5.8 trillion market cap with analyst price targets at $345, driven by its dominant position in AI computing infrastructure.
• Option Care Health surged over 20% pre-market on reports of a $5+ billion acquisition deal between McKesson and Clayton, Dubilier & Rice, while S&P 500 Q3 earnings are expected to rise over 30% year-over-year, led by AI-related companies.

Market Summary: October 6, 2026

Key Market Movements

U.S. stock futures opened higher on Tuesday, with Dow futures up 220 points (+0.55%), S&P 500 futures rising 0.25%, and Nasdaq 100 futures gaining 0.4%. The rally follows a tech-led advance, with the S&P 500 trading just 0.6% below its August peak.

Treasury Yields and Oil Provide Relief

The 30-year Treasury yield eased to approximately 5.63% after hitting 5.70% on Monday—its highest level since 2002. Markets now price a 78% probability of the Fed holding rates steady this month following last week's weak payrolls data. Oil prices also retreated, with WTI crude falling to around $87.60 due to stronger Middle East exports and a G7 emergency reserve release, alleviating inflation concerns.

Nvidia Nears Historic Milestone

Nvidia gained 0.7% in pre-market trading, pushing its market valuation near $6 trillion after closing at a record high. BNP Paribas analyst Karl Ackerman maintains a $345 price target, citing Nvidia's comprehensive AI computing ecosystem as a competitive advantage.

Deal Activity

Option Care Health surged over 20% pre-market on reports that McKesson and Clayton, Dubilier & Rice are nearing a $5+ billion acquisition deal (including debt), with CD&R taking 51% and McKesson 49%.

Market Outlook

Goldman Sachs remains constructive on U.S. equities despite elevated yields, pointing to strong earnings, fund flows, and AI-driven capital spending. Third-quarter S&P 500 earnings are expected to rise more than 30% year-over-year, with AI-related companies driving growth. Tuesday's ADP employment data and Fed Governor Michelle Bowman's comments could influence the rates trajectory.