Stock Market News, Oct. 9, 2026: Stocks Rise as Tech Shakes Off Thursday Selloff
US stock indexes closed higher on October 9, 2026, with the Nasdaq recording its fourth consecutive week of gains. The S&P 500 approached a new record high, closing at 7,811.54, while the Dow reached 51,654.95. This recovery followed a period of turmoil in the tech sector triggered by an OpenAI revenue report and broader fears of an AI bubble. Market sentiment improved as oil prices declined and President Trump pledged not to strike Iran before the midterm elections.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ The S&P 500 closed at 7,811.54, up 1.15% for the week.
- ✓ The Dow closed at 51,654.95, up 0.93%.
- ✓ The Nasdaq closed at 27,366.17, up 0.64%, marking its fourth straight week of gains.
- ✓ The Russell 2000 fell 0.92%.
What changed
US indexes recovered from a multi-day tech selloff driven by OpenAI revenue data and AI valuation worries.
Live updates
-
US Stocks Rebound as Tech Shakes Off AI Selloff
US stock indexes closed higher on October 9, 2026, with the Nasdaq recording its fourth consecutive week of gains. The S&P 500 approached a new record high, closing at 7,811.54, while the Dow reached 51,654.95. This recovery followed a period of turmoil in the tech sector triggered by an OpenAI revenue report and broader fears of an AI bubble. Market sentiment improved as oil prices declined and President Trump pledged not to strike Iran before the midterm elections.
Why it matters
A global rout in semiconductor stocks previously wiped out over $1 trillion in value due to concerns over high interest rates and valuations. Investors had shifted toward government bonds and safer assets. The current rebound suggests a receding of AI bubble fears.
What is confirmed
- The S&P 500 closed at 7,811.54, up 1.15% for the week.
- The Dow closed at 51,654.95, up 0.93%.
- The Nasdaq closed at 27,366.17, up 0.64%, marking its fourth straight week of gains.
- The Russell 2000 fell 0.92%.
- A sell-off in AI and semiconductor stocks erased more than $1 trillion in value this week.
- Oil prices slipped as Wall Street climbed.
Still unconfirmed
- A SpaceX spectrum deal is weighing on telecommunications companies.
- President Trump vowed not to strike Iran before the midterms.
What to watch next
- Earnings results from big banks
- Upcoming inflation data
confidence 90%Sources used for this update (15)
- www.edwardjones.com — Stock Market News Today | Edward Jones
- CNBC — S&P 500 futures are little changed after OpenAI's revenue report prompts tech sector turmoil: Live updates
- WSJ — Stock Market Today: Mood in Markets Improves After Trump Vows Not to Strike Iran Before Midterms — Live Updates
- Bloomberg.com — US Stocks Set to Rebound as Oil Slips, AI Bubble Fears Recede
- Reuters — Wall St climbs as oil slips; SpaceX spectrum deal weighs on telecoms
- MarketWatch — Stock Market Today: S&P 500 approaches fresh record high; Dow and Nasdaq climb as tech stocks rebound
- Investor's Business Daily — Stock Market Pops As AI Worries Recede, Trump Makes Putin Diesel Deal; Earnings Season Set To Start
- MarketWatch — U.S. stocks close higher as Nasdaq tallies 4th straight week of gains
- www.cbssports.com — 2026 MLB playoff bracket: Schedule, scores as Brewers win NLCS Game 1 over Dodgers
- www.cnbc.com — Stock market today: Live updates - CNBC
- www.portfolio-terminal.com — Stock Market Close October 9, 2026: S&P 500, Dow, Nasdaq
- www.businessinsider.com — Chip Stocks Sell-Off Wipes Out $1 Trillion in Value As AI ...
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community