Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Oct. 8, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S. stock futures were near flat Thursday night after an underwhelming revenue report from OpenAI took some steam out of the high-flying artificial intelligence trade.
S&P 500 futures were up 0.09%, while Nasdaq 100 futures added 0.05%. Dow Jones Industrial Average futures advanced 23 points, or 0.04%.
In Asia on Friday, Japan’s Nikkei 225 lost 0.76%, while the Topix was little changed. Australia’s S&P/ASX 200 added 0.37%.
Shares of SpaceX rose 2% in extended trading after the rocket company announced a deal to buy a nationwide spectrum portfolio. Shares of AT&T, Verizon and T-Mobile slid as investors wondered worried the agreement could drive up competition.
AI stocks dropped on Thursday after CNBC confirmed that OpenAI told investors that it saw $50 billion in annualized revenue at the end of September. A $68 billion figure was widely reported last month, though a person familiar with the matter said it also included gross revenue from partners.
CoreWeave fell more than 7%, while Oracle, Intel and Super Micro Computer all lost around 5%. Advanced Micro Device slid close to 4%, while Nvidia shed almost 3%.
“If we have a number of days like this … we could see a real rout in AI-related names,” said Kristina Hooper, chief market strategist at Man Group, on CNBC’s “Closing Bell: Overtime.” “That could sour investors.”
The Nasdaq Composite dropped more than 1%, marking its biggest one-day loss since mid August. Thursday marked the second down day in a row for the tech-heavy index after it climbed to fresh all-time records earlier in the week.
Tech’s troubles dragged down the S&P 500 to a 0.5% loss, marking its second straight day in the red. But the blue-chip Dow bucked the downtrend, with the 30-stock index ending the session slightly above flat.
The Dow and Nasdaq Composite are both around flat week to date. The broad S&P 500 is on track for a gain of 0.6% for the week.
Investors will monitor Delta Air Lines earnings before the bell on Friday. Consumer sentiment data for October is also expected in the morning.
