Stocks near records as buyout deals lift market; 10-year yield at 5.31%

The S&P 500 rose 0.7% to 7,773.95 and the Nasdaq Composite gained 1.1% on October 5, helped by a couple of buyout announcements. The 10-year Treasury yield closed at 5.31% even as equities pushed toward their records. Stocks rising alongside a higher long-term yield kept rates in focus for equity valuations.

• S&P 500 up 51.23 points (+0.7%) to 7,773.95
• Nasdaq Composite up 286.45 points (+1.1%) to 27,477.31
• Dow Jones up 90.94 points (+0.2%) to 51,267.90
• Russell 2000 up 14.24 points (+0.5%) to 2,847.14
• 10-year Treasury yield at 5.31%