Traders work on the floor of the New York Stock Exchange (NYSE) on Thursday, October 8, 2026, in New York, USA.
Michael Nagle | Bloomberg | Getty Images
U.S. stock futures were mostly flat on Thursday night after OpenAI’s underwhelming earnings report took away some of the momentum from the otherwise high artificial intelligence trade.
S&P500 futures rose by 0.09%, Nasdaq 100 futures Added 0.05%. Dow Jones Industrial Average Futures Advance by 23 points (0.04%).
In Asia on Friday, Japan’s Nikkei Stock Average fell 0.76%, while the TOPIX was little changed. Australia’s S&P/ASX 200 rose 0.37%.
shares of space x Shares rose 2% in after-hours trading after the rocket company announced a deal to buy a nationwide spectrum portfolio. shares of AT&T, verizon and T-Mobile Shares fell as investors feared the deal would increase competition.
AI stocks fell on Thursday after CNBC confirmed that OpenAI told investors it would have annualized revenue of $50 billion at the end of September. The $68 billion figure was widely reported last month, and people said it included total revenue from partners.
core weave While it fell more than 7%, oracle, intel and super microcomputer All lost about 5%. advanced micro devices While it fell by nearly 4%, Nvidia It decreased by almost 3%.
“If we have a number of days like this… we could see a real sell-off in AI stocks,” Christina Hooper, chief market strategist at Man Group, said on CNBC’s “Closing Bell: Overtime.” “That could hurt investors.”
of Nasdaq Composite The stock fell more than 1%, the biggest single-day drop since mid-August. Thursday was the second consecutive day of declines for the tech index, after hitting a record high earlier in the week.
Technology problems persisted S&P500 It decreased by 0.5%, marking the second consecutive day in the red. However, good companies Dow The 30-stock index closed slightly more than flat.
The Dow and Nasdaq Composite have remained roughly flat since the beginning of the week. The S&P 500 is expected to rise 0.6% for the week.
investors will be watching delta airlines Earnings before the bell on Friday. Consumer confidence statistics for October are also scheduled to be released in the morning.
