Wall Street closes higher in first October session

US stocks ended higher in the first trading session of October, as sovereign bond yields retreated from their highest levels in nearly two decades and expectations of further monetary tightening at the Federal Reserve's next meeting continued to ease.

At Thursday's close, the Dow Jones Industrial Average was unchanged at 50,926.

The S&P 500 edged up 0.19%, or 14 points, to 7,666, while the Nasdaq Composite was unchanged at 26,871.

The STOXX Europe 600 fell 1.30% to 626.

The UK's FTSE 100 declined 1.68% to 10,428, Germany's DAX dropped 1% to 24,939, and France's CAC 40 shed 1.62% to 7,835.

Japan’s Nikkei 225 surged 3.30% to 68,956, while the broader TOPIX gained 0.57% to 4,131.

Brent crude futures for December delivery rose 4.37%, or $4.28, to $102.31 a barrel.

US West Texas Intermediate (WTI) crude futures for November delivery gained 2.71%, or $2.45, to $92.87 a barrel.

Gold futures for December delivery advanced 0.37%, or $15.60, to $4,202.30 an ounce.

What drove market movements?

Stocks regained ground as Treasury yields retreated from their highest levels in more than two decades. However, oil prices remaining above $100 a barrel limited gains, while investors continued to monitor the interest rate outlook and developments in the Middle East conflict.