šŸ“‰ Tech blinked. Friday's 10 a.m. test
BONUS: Nasdaq -1.25% at the bell, Dow green. Delta and UMich set Friday's tone ā€Œ ā€Œ ā€Œ ā€Œ ā€Œ ā€Œ ā€Œ ā€Œ ā€Œ
MARKET SIGNAL REPORT
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THU OCT 8 Ā· CLOSE  Official Ā· SPY ā–¼0.42%   QQQ ā–¼1.34%   DIA ā–²0.12%   IWM ā–¼0.05%
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KEY TAKES

 

THE CLOSE

 

Final prints: SPY 773.89 (āˆ’0.42%), QQQ 747.57 (āˆ’1.34%), DIA 511.58 (+0.12%), IWM 277.57 (āˆ’0.05%). The S&P 500 settled at 7,765.36, a second straight loss after its record. AI hardware got sold after a report put OpenAI's annualized revenue about $20B under earlier estimates, and Brent pushed past $104. The 3 PM read held. Tech took the selling and the Dow stayed green, though QQQ clawed back a little off the afternoon low.

AFTER THE BELL

 

Quiet tape. QQQ traded near 748.44 around 6 p.m. ET, a hair above the close. SPY sat flat near 774.

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TOMORROW'S SETUP Ā· FRI OCT 9

 

Before the open Ā· Delta Air Lines (DAL) earnings. First airline read on fuel costs with Brent above $104.

9:30 a.m. ET Ā· Kansas City Fed's Jeffrey Schmid speaks, one day after Waller's hike talk.

10:00 a.m. ET Ā· UMich sentiment, October prelim. Consensus 47.6 vs 48.1 prior. One-year inflation expectations were 4.6% last month.

4:00 p.m. ET Ā· Fed's Collins speaks after the bell.

ONE TO WATCH TOMORROW

 

DAL Ā· Reports before the open Fri Oct 9. Fuel guidance is the number. A soft outlook says oil is now squeezing margins, not just headlines.

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SHH. THIS IS A CLUB.

You get the evening recap because you open and click. Go quiet and we give your chair away.

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