Dow Jones futures rebound as OpenAI sales outlook calms tech selloff
Dow Jones futures inch higher by 0.05% to trade near 51,520 during European hours on Friday. S&P 500 futures gain 0.33% to around 7,840, while Nasdaq 100 futures rise 0.82% to near 31,220.
US futures indices experienced a rebound as market sentiment recovered, driven by reports that OpenAI expects its annualized revenue to reach or exceed $70 billion by year-end. The upbeat projection helped ease investor concerns triggered by earlier reports indicating that the company's revenue had fallen $20 billion short of previously signaled levels.
The early optimism followed a mixed regular trading session on Wall Street on Thursday, where an initial, underwhelming revenue report from OpenAI led to a late-day selloff in technology and semiconductor stocks. Reports had suggested that OpenAI’s annualized revenue stood at $50 billion at the end of September, substantially below the widely circulated $68 billion figure reported the prior month. Consequently, the S&P 500 dropped 0.47%, and the Nasdaq Composite fell 1.25%, while the Dow Jones Industrial Average managed a modest 0.1% gain.
Adding to the dynamic backdrop, crude oil prices pulled back after US President Donald Trump stated that the US would refrain from military action against Iran ahead of the November midterm elections. Although lower energy costs helped alleviate immediate inflation anxieties, persistently high US Treasury yields continued to cast a shadow over the broader market outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jefferies lowers AppLovin's target price to $375
BUZZ-Humana shares rise on improved “Federal Medicare Advantage Plan” ratings
October 9 – Humana Inc (HUM.N) shares surged 14.4% in pre-market trading to $443. According to U.S. government data, 95% of HUM members participating in the “Medicare Advantage Plan” were rated four stars or higher for 2027. Higher star ratings are crucial for insurance companies, as they result in government bonuses and can boost plan enrollment. Oppenheimer analysts estimate the improved ratings could add $3.6 billion in revenue for the company. In contrast, according to Oppenheimer, competitors UnitedHealth Group (UNH.N) and CVS Health (CVS.N) saw their average ratings fall by 15% from last year, while Elevance (ELV.N) and Centene (CNC.N) also experienced declines. As of the previous trading session, HUM had gained 51% year-to-date, while UNH, CVS, and ELV posted gains between 10% and 14.4%, and CNC surged 57%.
Spotlight Stock Market halts trading in Tessin Nordic on Spotlight Stock Market
Spotlight Group’s Spotlight Stock Market halted trading in Tessin Nordic Holding shares listed on Spotlight Stock Market. Suspension took effect today, Oct. 9, 2026, with trading to remain halted until further notice. Action cited concerns that the company’s shares may not meet Spotlight Stock Market listing requirements. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spotlight Group AB published the original content used to generate this news brief via Cision (Ref. ID: 202610090454BITN____UKPR__SV_20261009-BIT-1178-0) on October 09, 2026, and is solely responsible for the information contained therein.
BUZZ-U.S. telecom stocks fall after SpaceX reaches spectrum agreement
October 9th - SpaceX (SPCX.O) has reached an agreement to acquire a portfolio of nationwide low-frequency spectrum licenses, enabling Starlink Mobile to become a major telecom operator in the US, causing a pre-market decline in US telecom stocks. T-Mobile (TMUS.O) shares fell by 6.3%, AT&T by 5.7%, and Verizon (VZ.N) by 5.1%. According to The Wall Street Journal, citing sources familiar with the matter, SPCX will pay about 8 billion USD in cash to the seller, private equity firm Grain Management, to acquire the asset. The financial terms of the agreement have not yet been disclosed by either party. This deal increases competition for traditional carriers, transforming satellite direct-to-device technology from a supplementary safety feature for remote signal dead zones into a full-fledged commercial competitor replacing terrestrial cellular networks. "Although the three major carriers (T, TMUS, VZ) face a more concrete competitive threat due to their weak performance among high-speed data users (HSDs), this is not entirely unexpected and will most likely begin in rural areas," said Morgan Stanley. So far this year, TMUS is down 15.6%, VZ is up 13.7%, and T is slightly up. European telecom stocks were also impacted, including Germany’s Deutsche Telekom (DTEGn.DE). (To facilitate non-English-speaking users, Reuters automates its reports into several other languages. As automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translations, which are provided solely for reader convenience. Reuters assumes no liability for any harm or loss arising from use of this automated translation feature.)
Crypto prices
More
