ISM Manufacturing PMI held the spotlight on Thursday’s session: the manufacturing purchasing managers’ index published by the Institute for Supply Management came in at 54.5 percent in September 2026, down 0.1 point from August. Wall Street closed the day slightly higher, weekly jobless claims fell to their lowest level since mid-July, and the September employment report is due later in the day on Friday. This briefing separates what was already released on Wednesday and Thursday from what remains on the calendar.
Wall Street closes slightly higher on Thursday, October 1
On the New York Stock Exchange, the Dow Jones Industrial Average finished at 50,926.56 points, up 20.51 points, or 0.04 percent, from the previous session. The S&P 500 rose 14.91 points, or 0.19 percent, to close at 7,666.45 points. The Nasdaq Composite, with its heavier technology weighting, ended at 26,871.59 points, up 10.53 points, or 0.04 percent. All three indexes posted modest gains, with momentum fading toward the close, according to this market wrap.
10-year yield climbs to 5.344% intraday
The yield on the 10-year U.S. Treasury note climbed as high as 5.344 percent during the October 1 session, its highest level since 2002, before easing back later in the day. That intraday spike did not translate into a closing level at that mark: the pullback into the close distinguishes the intraday peak from the actual closing level, a distinction the same source states explicitly.
ISM Manufacturing PMI at 54.5 in September, prices paid jump sharply
The manufacturing PMI measured by the ISM came in at 54.5 percent in September 2026, 0.1 point below the August reading of 54.6 percent. This release covers only the U.S. manufacturing sector and does not document services or overall employment. In the same report, the prices paid index jumped to 77.9 percent, up 6.8 points from August’s 71.1 percent, a far sharper move than the one seen in the headline index. Both figures come from the same September ISM Manufacturing PMI report.
Jobless claims fall to their lowest since mid-July
Weekly jobless claims in the United States fell to 197,000 for the week ended October 1, their lowest level since mid-July, down from a revised 198,000 the prior week. The Department of Labor released the figure on Thursday, according to this article on jobless claims.
Today’s calendar: the September employment report
The September 2026 Employment Situation report, which includes nonfarm payrolls and the unemployment rate, is scheduled for release by the Bureau of Labor Statistics on Friday, October 2, 2026, at 8:30 a.m. Eastern Time. The Bureau of Labor Statistics does not release an expected figure or market consensus ahead of publication, so this briefing carries no forecast or estimate for this item, only the confirmed date and time.
What this briefing does not document
The figures gathered here cover Wall Street’s close, the 10-year Treasury yield, the ISM Manufacturing PMI, and weekly claims, all already released. The September jobs report remains a pending event at the time of writing: neither the level of nonfarm payrolls, nor the unemployment rate, nor any immediate index reaction can be anticipated without venturing into speculation. For readers who follow these releases with a resting order in the queue, the execution mechanics are described separately, for example in this article on the stop order and stop-limit order or the one on the limit order in trading, which detail what these orders guarantee and what they never guarantee during periods of heavy volatility.
Catching up on previous releases
The day before, the October 1 briefing covered the September ADP report and the ISM Manufacturing PMI calendar ahead of its release: it is available in the Daily Briefing, October 1, 2026. The broader context for the week, with the 10-year yield already under pressure and the central bank calendar, is covered in the Week of September 21 to 27, 2026 review. For orders that follow price at a fixed distance, the article on the trailing stop order details what this mechanism guarantees and what it never guarantees during a volatile session.