Stock futures edge higher after OpenAI's revenue report prompts tech sector turmoil: Live updates
The Nasdaq Composite dropped more than 1% on Thursday, marking its biggest one-day loss since mid-August.
TL;DR
- U.S. stock futures edged higher on Friday after OpenAI's revenue report impacted AI stocks.
- AI stocks, including CoreWeave, Oracle, Intel, Super Micro Computer, Advanced Micro Device, and Nvidia, saw significant declines.
- The Nasdaq Composite and S&P 500 experienced losses on Thursday, while the Dow Jones Industrial Average closed slightly above flat.
- SpaceX shares rose in extended trading after announcing a deal to buy a nationwide spectrum portfolio, causing AT&T, Verizon, and T-Mobile shares to slide.
- U.S. Treasury yields remained near multi-decade highs amid inflation concerns.
- Oil prices fell after President Trump stated the U.S. would not attack Iran before the midterm elections.
- Australian AI firm Firmus, backed by Nvidia, withdrew its IPO due to market volatility.
- Asia-Pacific markets opened subdued, tracking losses in U.S. tech stocks.
- Individual investor optimism increased, with bullish sentiment rising and bearish sentiment decreasing according to a recent survey.