Dow Jones Top Markets Headlines at 3 AM ET: A Tech-Fueled Stock Market Powers Through, but Limps Into the Fourth Quarter | Fed's ...

U.S. markets are on track for a fourth straight year of double-digit gains, with the Nasdaq Composite and the S&P 500 continuing to power through even as investors look toward the fourth quarter with caution. The outlook could be pressured by rising rates. Fed official Kashkari said inflation remains too high and that the latest data didn’t change his view, pointing to revisions that imply a resilient economy and firmer consumer demand. In Asia, South Korea’s exports surged 83.5% year over year to $120.94 billion in September, driven by tech momentum. Meanwhile, bond markets are under strain: the 10-year Treasury yield climbed above 5.3%, a level not seen in 24 years, and crude inventories rose by 900,000 barrels versus expectations for a drop.