Wall Street closed higher on Friday, with the Dow up about 0.8% and the S&P 500 and Nasdaq each up about 0.6%, as tech recovered and all three indexes logged weekly gains. Telecom stocks tumbled after SpaceX agreed to buy a nationwide block of wireless spectrum, while US consumer sentiment slid to a five-month low.
The rally came even though the 10-year Treasury yield stayed near 5.24%, close to its highest level in more than two decades. Investors leaned on hopes for strong third-quarter earnings, with the big banks set to open the reporting season next week, and on calmer oil markets after President Trump said the US would not strike Iran before the November midterm elections.
Today’s numbers
| Market | Close | Change |
|---|---|---|
| S&P 500 | 7,811.51 | +0.6% |
| Nasdaq Composite | 27,366.17 | +0.6% |
| Dow Jones | 51,655.01 | +0.8% |
| Euro Stoxx 50 | 6,177.37 | +0.8% |
| DAX (Germany) | — | about +1.1% |
| IBEX 35 (Spain) | 19,033.10 | +0.55% |
| US 10-year Treasury yield | about 5.24% | slightly higher |
| EUR/USD | about 1.12 | slightly lower |
| Brent crude | about $104/bbl | little changed |
| WTI crude | about $91–92/bbl | little changed |
| US natural gas | about $3.20/MMBtu | modestly higher |
| Gold | about $4,200/oz | about +1.5% |
| Bitcoin | about $82,000 | slightly higher |
Figures for oil, gas, gold, currencies and Bitcoin are approximate late-session levels; sources differed slightly on the final prints.
What moved markets
The biggest story of the day was in telecoms. SpaceX agreed to buy a nationwide portfolio of low-band wireless spectrum, a step toward its plans to offer mobile service through Starlink. Investors read the deal as a new competitive threat to traditional carriers: T-Mobile US fell roughly 13%, AT&T about 10% and Verizon about 9%. The selling spilled into Europe, where Deutsche Telekom, which owns a majority stake in T-Mobile US, dropped nearly 8% and Vodafone lost almost 5%.
Tower owners moved the other way, with Crown Castle and American Tower posting double-digit and near-double-digit gains as the deal pointed to more demand for wireless infrastructure. Moderna jumped about 9%, and technology shares recovered after Thursday’s sell-off tied to worries about artificial intelligence spending.
Delta Air Lines edged lower after its quarterly profit came in below forecasts and it trimmed its full-year outlook, citing fuel costs well above what it had expected, even as revenue grew about 21%.
On the data front, the University of Michigan’s preliminary October consumer sentiment index fell to 46.3 from 48.1 in September, below forecasts and its weakest reading since May, as frustration with the cost of living continued to build. For the week, the Dow gained about 1.2%, the S&P 500 about 1% and the Nasdaq about 0.2%.
In Europe, stocks rose for a second straight session as easing tensions with Iran pushed oil and bond yields lower. Materials shares led thanks to firm metal prices, with ArcelorMittal up nearly 6%, and SAP gained close to 4%. The euro hovered around $1.12 after touching a 17-month low earlier in the week.
Energy & commodities
Oil ended a choppy week roughly where it started, with Brent still above $100 a barrel and US crude near $91–92. Prices eased after the White House described talks with Iran as productive, but risks to shipping around the Strait of Hormuz and hurricane-related production shut-ins in the Gulf of Mexico kept a floor under the market. Gold climbed about 1.5% as the dollar softened.
For households, the more immediate number may be natural gas, which traded around $3.20 per million British thermal units and is up sharply over the past month as the heating season approaches. Higher wholesale gas prices tend to filter into winter heating bills with a lag. If you are weighing your options, our guide on heat pump vs. furnace costs breaks down what each system typically costs to run.
What to watch tomorrow and next week
Markets are closed for the weekend. When trading resumes, keep an eye on:
- Monday: US stock markets are open, but the bond market is closed for Columbus Day.
- Tuesday: Major US banks begin reporting third-quarter results, the unofficial start of earnings season.
- Wednesday: The US consumer price index (CPI) for September, a key input for the Federal Reserve’s next decision.
- Middle East: Any progress in US–Iran talks and on shipping through the Strait of Hormuz, which continues to drive oil prices.
See our economic calendar for the full schedule of releases.
Sources
- TheStreet: Stock Market Today, Oct. 9, 2026
- Kiplinger: Stocks Climb a Wall of Worry Ahead of Earnings
- Yahoo Finance: Stock market today, Oct. 9
- RTTNews via finanzen.at: European Markets Close Higher
- finanzen.net: Euro STOXX 50 close
- Bolsamanía: El Ibex 35 cierra con subidas del 0,55%
- Trading Economics: Crude oil, natural gas and EUR/USD
This is general market information, not investment advice. Data may be delayed.
Written by The Daily Economy editorial team with AI assistance and checked against the sources above. Read our editorial policy.