MarketCatalystAll major U.S. indices closed higher on Oct 9, led by a 0.87% surge in the Dow and solid gains across the S&P 500 and Nasdaq. A rally in gold, a dip in volatility and upbeat sector performance kept th
SpaceX agreed to buy nationwide low-band spectrum that could power its Starlink Mobile network, and the three big carriers sold off hard, with T-Mobile down more than 13% by early afternoon. Cell tower stocks surged. Here is what the deal is, why it matters, and what could still go wrong for SpaceX.
The Dow eked out a modest gain while the S&P 500 and Nasdaq retreated, led by a sharp tech sell‑off. Lower 10‑year yields, a softer dollar and a rise in the VIX underscored heightened market caution.
OpenAI confirmed annualized revenue of about $50 billion at the end of September, below the $68 billion that had circulated. The gap is partly a reporting basis, but AI stocks sold off anyway: CoreWeave fell 7.3%, Oracle 5.5% and Nvidia 3.1%.
Riot fell 11%, Cipher and Hut 8 dropped 10% each and CleanSpark slid 9% as bitcoin weakened, leveraged longs were liquidated and a report that OpenAI's revenue is running about $20 billion below expectations hit AI data-center plays.
Samsung projected a record 107.4 trillion won ($80.18 billion) operating profit for Q3, up nearly ninefold from a year ago on AI memory demand, yet its shares fell 2.4% in Seoul and Micron slipped 1.5% premarket.