US Market Wrap Oct 9: S&P +0.6%, Nasdaq +0.6%, Dow +0.8%. Risks: Oil above $104, 10Y near 5.24%, AI & chip profit worries, bank earnings & CPI ahead. Key: Can earnings justify high valuations while borrowing costs stay high? Next week sets tone. #Investing
Just popped up on my feed! SpaceX is turning Starlink into a major US mobile carrier, and Wall Street is selling off telecom fast. $T -11.30%, $VZ -11.30%, $TMUS -13.30%. What a shift.
S&P 500 ATH Tuesday, first since Aug 13. Only 4 sectors positive since prior record: Tech +6.8%, Energy +4.4%, Comm Svcs +1.2%, Health +0.6%. Only 3 beat index. Laggards: Industrials -9.5%, Real Estate -8.0%, Financials -7.2%. Tech & Energy lead.