US Pre-Market 5 October 2026: Futures Flat After Friday Rally; PTC +36% on Schneider Deal, Intel -4%

Sentiment: mixed S&P 500 futures: -0.01%

S&P 500 futures are -0.01% and Nasdaq 100 futures -0.18% at 8:32am ET on 5 October 2026, holding Friday's gains after a 29,000 payrolls print cut bets on an October Fed hike and Iran said the Strait of Hormuz stays shut until the US meets seven conditions. PTC.US is +36.08% pre-market to $196 after Schneider Electric agreed to buy the software company for $205 a share in cash. INTC.US is -3.95% to $114.61 after Elon Musk confirmed talks with Taiwan Semiconductor about his Terafab chip venture, which Intel joined in April.

Overnight drivers

• Fed odds: The September jobs report showed 29,000 new payrolls against an 84,000 forecast and unemployment up to 4.2%. Benzinga puts the probability of an October rate hike at 20.5% this morning, three weeks after the Fed raised its target range to 3.75% to 4.00%.
• Oil and Iran: Brent is +0.43% to $102.69 and WTI -0.76% to $90.42. Iranian state media said on 4 October that Hormuz will not reopen until seven conditions from a June interim agreement are met, including an end to the US naval blockade and the release of Iranian assets. XOM.US is -0.57% and CVX.US -0.52% pre-market.
• Yields: The 10-year Treasury yield last printed 5.28%. The FRED daily series shows 4.96% on 22 September, 5.29% on 30 September and 5.24% on 1 October; the 2-year fell from 4.92% to 4.78% over 28 September to 1 October.
• Chips: TSM.US is +1.56% to $480.30 on the Terafab talks while INTC.US falls 3.95%. NVDA.US is +0.51% and AMD.US -0.91%.

Friday on Wall Street

The S&P 500 closed at 7,722.72 on 2 October 2026, up 56.27 points or 0.73%, on the weaker jobs report.

• S&P 500: 7,722.72 (+0.73%)
• Nasdaq: 27,190.86 (+1.19%)
• Dow: 51,176.96 (+0.49%)
• Russell 2000: 2,832.89 (+0.94%)
• VIX: 16.12

TSLA.US rose 4.65% Friday, AVGO.US 3.35%, TSM.US 2.96% and AMD.US 2.95%; MU.US fell 2.05%. SpaceX SPCX.US gained 7.35% to $158.96 and is -0.48% pre-market after three launches in under 13 hours. The US Dollar Index is +0.31% to 102.25 this morning and gold +0.51% to $4,183.50.

Overnight Asia and Europe

Japan's Nikkei 225 rose 2.40% to 69,946.86 on 5 October 2026, intraday above 70,000 for the first time since July, as Advantest and Tokyo Electron tracked Friday's US chip gains.

• Nikkei 225: 69,946.86 (+2.40%)
• Hang Seng: 24,040.34 (+0.28%)
• KOSPI: 7,003.74 (+0.46%)
• Shanghai Composite: 3,842.19 (+0.31%)
• STOXX 600: 634.68 (+0.53%)
• DAX: 25,302.81 (+0.28%)
• FTSE 100: 10,518.98 (+0.55%)

Pre-market movers

• PTC.US +36.08% to $196: Schneider Electric agreed to buy PTC for $205 a share, an equity value above $22 billion, with closing expected by the third quarter of 2027.
• ITUB.US +14.18% and BBD.US +12.75%: Flavio Bolsonaro edged out President Lula by about 2 points in Sunday's Brazil election. The iShares MSCI Brazil ETF EWZ.US is +12.41%.
• HOG.US +5.80% to $25.95: Harley-Davidson features in Monday's analyst research calls; no company release.
• DKNG.US +4.46%: Bank of America upgraded DraftKings to buy, estimating $400 million in prediction-market fees for 2027.
• VST.US +3.47% to $144.84: the Department of Energy approved a loan of about $4 billion to upgrade three Vistra nuclear plants serving the PJM grid.
• EL.US +2.79% after a Barclays upgrade to overweight; WFC.US +1.83% after a Morgan Stanley upgrade to overweight.
• INTC.US -3.95%: the stock has more than doubled in 2026 on the Terafab deal, and the TSMC talks could add a second foundry to the project.
• ALGN.US -3.10% and AN.US -2.10%: both feature in Monday's analyst research calls; no company release.

US economic calendar today (ET)

• 9:45am: S&P Global services PMI, September final
• 10:00am: ISM services PMI, September

No 8:30am ET print today.

What to watch

• Wednesday 7 October: FOMC minutes from the September meeting, the first record of the September rate-hike debate.
• Tuesday to Friday: Dallas Fed President Logan speaks Tuesday, St. Louis Fed President Musalem Thursday and Kansas City Fed President Schmid Friday; University of Michigan sentiment prints Friday.
• Earnings this week: PEP.US, DAL.US, LEVI.US and APLD.US report, ahead of the bank-led start to third-quarter season in mid-October.
• Rates: the 10-year at 5.28% sits 32 basis points above its 22 September level.

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