US Pre-Market 9 October 2026: Nasdaq Futures +0.77% as OpenAI Revenue Worry Eases; TMUS.US -7% on SpaceX Spectrum Deal, DAL.US -2.5%

Sentiment: mixed S&P 500 futures: +0.38%

S&P 500 futures are +0.38% and Nasdaq 100 futures +0.77% at 8:34am ET on 9 October 2026 after Bloomberg reported that OpenAI expects annualized revenue to reach or exceed $70 billion by year end, a day after a Financial Times report on a $50 billion figure sent the Nasdaq 1.25% lower. TMUS.US is -7.22%, T.US -7.06% and VZ.US -5.80% pre-market after SpaceX agreed to buy a nationwide 800 MHz spectrum portfolio for Starlink Mobile. Brent crude is -1.50% to $102.72 after President Trump said the US will not attack Iran before the 3 November midterm elections.

Overnight drivers

• Chips: SMH.US is +1.53% pre-market. NVDA.US is +1.56% to $234.07, AVGO.US +1.66%, MU.US +1.83% and AMD.US +1.72% after Thursday's losses of 2.94% to 4.79%. Reuters said OpenAI told investors its September annualized revenue was almost $50 billion; Bloomberg, citing people familiar with the matter, reported the $70 billion year-end figure. ORCL.US is +1.51% and CRWV.US +2.35%.
• Telecom: SpaceX will acquire 100% of Grain Management's 800 MHz portfolio, up to 14 MHz of paired low-band spectrum; neither side disclosed a price and the deal needs FCC approval, per Teslarati. SPCX.US is +3.51% to $166.20, ASTS.US -4.09% and CMCSA.US -1.08%. T.US, VZ.US and TMUS.US closed 1.27% to 2.18% higher on Thursday before the announcement.
• Oil: Brent is -1.50% to $102.72 and WTI -0.97% to $90.60, after Brent rose more than 4% on Thursday. XOM.US is -0.62%, CVX.US -0.72% and XLE.US -0.40% pre-market.
• Apple: AAPL.US is -2.27% to $332.70 after Nikkei Asia reported that Apple told some suppliers to cut production of components for the iPhone 18 Pro and iPhone 18 Pro Max, per CNBC. AAPL.US rose 1.11% on Thursday.
• Rates and metals: Treasury yields ticked higher after Thursday's 30-year auction drew solid demand, per Reuters; the 10-year closed Thursday at 5.231%. Gold is +1.27% to $4,209.70, the US Dollar Index +0.07% to 102.21 and bitcoin +0.90% to $82,995.

Thursday on Wall Street

The S&P 500 closed at 7,765.36 on 8 October 2026, down 0.47% for a second straight decline from Tuesday's record, as chip stocks fell on the Financial Times report on OpenAI revenue.

• S&P 500: 7,765.36 (-0.47%)
• Nasdaq: 27,193.34 (-1.25%)
• Dow: 51,231.64 (+0.10%)
• Russell 2000: 2,794.13 (+0.03%)
• VIX: 15.41

Energy led the 11 sector funds at +2.97% and technology trailed at -1.79%. COHR.US fell 9.63% and AAOI.US 13.58% on Thursday; COHR.US is +4.54% and AAOI.US +6.81% pre-market.

Overnight Asia and Europe

Germany's DAX is +1.28% at 25,123.69 and Europe's STOXX 600 +1.15% at 632.73 at 8:34am ET on 9 October 2026, as oil eased and bond yields in Europe fell, per Reuters.

• Nikkei 225: 69,030.92 (-0.02%)
• Hang Seng: 24,211.35 (+1.79%)
• Shanghai Composite: 3,813.79 (+0.05%)
• STOXX 600: 632.73 (+1.15%)
• DAX: 25,123.69 (+1.28%)
• CAC 40: 7,805.52 (+0.98%)
• FTSE 100: 10,566.04 (+1.19%)

South Korea's KOSPI did not trade on 9 October for the Hangul Day holiday. Nvidia-backed Australian data center operator Firmus shelved its $5 billion IPO, citing market volatility, per Reuters. The euro traded at $1.123, near a 17-month low, on French debt concerns.

Pre-market movers

• HUM.US +16.45% to $450.85 after 2027 Medicare Advantage Star Ratings restored Humana's largest contract to 4 stars from 3.5, per Investing.com.
• ALHC.US -19.47% to $7.01: CMS cut Alignment Healthcare's largest California contract to 3.5 stars from 4, per Investing.com.
• DAL.US -2.53% to $80.10: September-quarter adjusted EPS of $1.72 on adjusted revenue of $17.6 billion, against a Zacks consensus of $1.96 and $17.7 billion. The adjusted fuel price was $3.61 a gallon. Delta guided December-quarter EPS to $1.15 to $1.65 and full-year EPS to $5.10 to $5.60. "Demand remains strong, supported by consumers' growing preference for experiences and travel," CEO Ed Bastian said. UAL.US is -0.97% and AAL.US -0.94%.
• AXP.US -1.41% to $302.71 after the OCC fined American Express $350 million over anti-money laundering failures that left about $13 billion in suspected laundering activity inadequately monitored over nearly 11 years. American Express said it had reserved part of the penalty in prior periods and the fine will not affect its 2026 guidance, per Yahoo Finance.
• DVN.US -0.88% to $48.50 after Devon agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash, with closing expected in the fourth quarter of 2026 or early 2027, per a Devon 8-K filing. CRGY.US is -1.54%.

US economic calendar today (ET)

No 8:30am ET data print is scheduled on 9 October 2026; the University of Michigan's preliminary October sentiment reading at 10:00am is the day's main release, per Yahoo Finance.

• 10:00am: University of Michigan consumer sentiment, preliminary October (48.0 expected, 48.1 prior); 1-year inflation expectations (4.6% prior) and 5 to 10 year expectations (3.4% prior)
• 10:00am: Delta Air Lines earnings call and webcast

What to watch

• Bank earnings: the large Wall Street banks report on Tuesday 13 October, the unofficial start of third-quarter earnings season, per Yahoo Finance.
• Midterm seasonality: the S&P 500 has risen in 21 of the last 23 midterm cycles from one month before the election to two months after, per Deutsche Bank's Jim Reid. The 3 November vote is 25 days away.
• AI funding: SpaceX, Broadcom and Oracle are all expected to raise billions of dollars to buy AI chips, per Reuters, with the 10-year yield near 5.2%.

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