Nasdaq Composite heads into Friday after 1.3 percent AI-led slide
Published on 10/09/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The Nasdaq Composite closed October 8, 2026, at 27,193 points, down 1.3 percent.
- OpenAI revenue concerns, oil prices and semiconductor losses pressured technology shares.
- Nasdaq futures rose 0.8 percent before Friday's open as oil prices eased.
- The University of Michigan's preliminary October sentiment index is due at 10:00 a.m. ET on October 9, 2026.
The Nasdaq Composite heads into Friday after closing at 27,193 points on October 8, 2026, down 1.3 percent. AP reported that technology losses overshadowed gains across much of the broader market. Nasdaq futures later rose 0.8 percent as oil prices eased and fresh details on OpenAI's revenue outlook helped steady the artificial intelligence trade, Morningstar reported.
AI shares drove Thursday's decline
A report that OpenAI's annualized revenue stood at 50 billion, below the 68 billion figure previously circulated, weakened confidence in AI-related spending. Nvidia fell 2.9 percent, while Broadcom dropped 4.4 percent, Micron Technology lost 4.8 percent and Oracle declined 5.5 percent, according to Reuters. Palantir rose 2.4 percent after Goldman Sachs upgraded the stock to Buy.
Friday events for the Nasdaq Composite
Delta Air Lines was scheduled to release quarterly results before the open, with analysts looking for earnings of USD 1.88 per share and revenue of USD 18.83 billion, 24/7 Wall St reported.
What comes next: The University of Michigan is scheduled to publish its preliminary October consumer sentiment index at 10:00 a.m. ET on October 9, 2026. The consensus is 47.6, compared with 48.1 in September, according to Admirals. Boston Fed President Susan Collins is scheduled to speak at 4:00 p.m. ET, according to FinoBird.
