{"id":72473,"date":"2026-10-01T10:07:14","date_gmt":"2026-10-01T14:07:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-retreat-as-october-begins-accenture-surges-on-earnings\/72473\/"},"modified":"2026-10-01T10:07:14","modified_gmt":"2026-10-01T14:07:14","slug":"markets-retreat-as-october-begins-accenture-surges-on-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-retreat-as-october-begins-accenture-surges-on-earnings\/72473\/","title":{"rendered":"Markets Retreat as October Begins; Accenture Surges on Earnings"},"content":{"rendered":"<h2>Major Indexes Open Lower to Start the Fourth Quarter<\/h2>\n<p>The U.S. stock market opened the first trading day of October on a cautious note, with major indexes trending downward as investors digest new economic data and geopolitical tensions. As of the opening bell on Thursday, October 1st, 2026, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DIA\">DIA<\/a>) led the decline among the primary benchmarks, falling 0.53%. The broader <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>) retreated by 0.33%, while the tech-heavy Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>) showed more resilience but still slipped 0.23% in early trading.<\/p>\n<p>Small-cap stocks are facing the steepest pressure this morning, with the iShares Russell 2000 ETF (<a href=\"\/stock\/IWM\">IWM<\/a>) dropping 0.78%. Market volatility is notably on the rise, as evidenced by the iPath Series B S&amp;P 500 VIX Short-Term Futures ETN (<a href=\"\/stock\/VXX\">VXX<\/a>), which jumped 2.34% at the open. This shift toward a &quot;risk-off&quot; sentiment is also reflected in the bond market, where the 20+ Year Treasury Bond ETF (<a href=\"\/stock\/TLT\">TLT<\/a>) fell 1.11%, suggesting a rise in yields as traders recalibrate their expectations for the final quarter of the year.<\/p>\n<h2>Corporate News and Earnings Highlights<\/h2>\n<p>Despite the broader market malaise, Accenture PLC (<a href=\"\/stock\/ACN\">ACN<\/a>) emerged as a major bright spot. The professional services giant reported its Q4 2026 earnings before the bell, posting an earnings per share (EPS) of $3.18. Investors cheered the results and the company&#39;s future guidance, sending the stock soaring 17.3% in early action.<\/p>\n<p>In the semiconductor space, performance is mixed. <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> Corp (<a href=\"\/stock\/NVDA\">NVDA<\/a>) managed a modest gain of 0.7% as demand for AI infrastructure remains a primary market driver. However, <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) saw its shares dip 1.1% despite heavy trading volume. Meanwhile, <a href=\"https:\/\/stockmarketwatch.com\/stock\/SNDK\" data-internallinksmanager029f6b8e52c=\"19\" title=\"Stock: SNDK\">Sandisk<\/a> Corporation (<a href=\"\/stock\/SNDK\">SNDK<\/a>) traded slightly lower by 0.3%.<\/p>\n<p>In the energy sector, <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> are providing a tailwind for domestic producers. The United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) rose 1.17%, which helped propel the State Street Energy Select Sector SPDR ETF (<a href=\"\/stock\/XLE\">XLE<\/a>) up 0.63%. This move was mirrored by the State Street SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (<a href=\"\/stock\/XOP\">XOP<\/a>), which gained 1.02%. Conversely, the materials sector is struggling, with the State Street Materials Select Sector SPDR ETF (<a href=\"\/stock\/XLB\">XLB<\/a>) falling 1.68%, the worst performance among the major sectors this morning.<\/p>\n<h2>Upcoming Market Events and Economic Outlook<\/h2>\n<p>Investors are bracing for a heavy slate of economic data and corporate reports in the coming days. Following today&#39;s results from Accenture, the market will look toward next week for further clarity on consumer health. Constellation Brands, Inc. (<a href=\"\/stock\/STZ\">STZ<\/a>) is scheduled to report on Monday, October 5th, followed by McCormick &amp; Company (<a href=\"\/stock\/MKC\">MKC<\/a>) and RPM International, Inc. (<a href=\"\/stock\/RPM\">RPM<\/a>) on Tuesday.<\/p>\n<p>A major focal point for the week will arrive on Thursday, October 8th, when beverage giant PepsiCo, Inc. (<a href=\"\/stock\/PEP\">PEP<\/a>) and Delta Air Lines, Inc. (<a href=\"\/stock\/DAL\">DAL<\/a>) release their quarterly results. These reports are expected to provide critical insights into consumer spending habits and the impact of fuel costs on the travel industry.<\/p>\n<p>On the macroeconomic front, traders remain laser-focused on the Federal Reserve&#39;s next move. While inflation has shown signs of cooling, the recent spike in energy prices and the volatility in the bond market suggest that the &quot;higher for longer&quot; interest rate narrative is not yet entirely off the table. Market participants will be closely watching upcoming labor market data to gauge whether the economy is headed for a soft landing or a more pronounced slowdown as 2026 draws to a close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Open Lower to Start the Fourth Quarter The U.S. stock market opened the first trading day of October [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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