Dow Gains 423 Points as Tech Rebound Delivers a Winning Week
The Dow rose 423 points as technology shares rebounded, helping Wall Street finish the week higher despite expensive oil and weaker consumer sentiment.
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The Dow rose 423 points as technology shares rebounded, helping Wall Street finish the week higher despite expensive oil and weaker consumer sentiment.
Verizon fell 8.75%, its worst day since 2002, while AT&T and T-Mobile suffered historic losses as SpaceX’s Starlink mobile plans rattled telecom stocks.
Slush’s debut 20 Under 20 cohort highlights young builders, while raising questions about education, startup funding and the timing of a career.
Netflix shares edged lower as Puck reported a planned 5% workforce cut, putting costs, margins and the October 20 earnings outlook in focus.
OpenAI reportedly targets at least $70 billion in annualized revenue by year-end, up from a roughly $50 billion pace at September’s close.
Adena Friedman sees a major opportunity in moving collateral more efficiently, but continuous markets will require new risk and settlement systems.
EIA’s latest daily table puts European Brent at $125.44 a barrel for October 6, following $125.51 the previous day. These are closing spot prices.
Apple stock slipped about 0.8% in overnight trading as Nikkei reported cuts to iPhone 18 Pro and Pro Max component orders amid softer demand.
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