S&P 500 slips 0.4 percent as weak sentiment offsets AI rebound
Published on 10/09/2026 at 18:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The S&P 500 traded at 7,771 points at 11:23 a.m. ET on October 9, 2026, down 0.4 percent.
- Preliminary University of Michigan consumer sentiment fell to 46.3 from 48.1, below the 47.8 Reuters consensus.
- Falling oil prices and renewed confidence in AI demand supported stocks after Thursday's technology selloff.
- The CFTC is scheduled to publish S&P 500 speculative-position data at 2:30 p.m. ET.
The S&P 500 traded at 7,771 points at 11:23 a.m. ET on October 9, 2026, down 0.4 percent, as weaker-than-expected consumer sentiment added pressure after Thursday's technology selloff, GMA Network reported.
Weak sentiment offsets the early rebound
The preliminary University of Michigan consumer sentiment index fell to 46.3 in October from 48.1 in September, below the 47.8 forecast cited by Reuters. One-year inflation expectations rose to 4.7 percent from 4.6 percent, while five-year expectations increased to 3.5 percent from 3.4 percent.
Stocks had opened with support from easing crude prices and a recovery in technology shares after new information indicated that OpenAI expects annualized revenue of at least USD 70 billion by year-end. Bloomberg cited the improving AI outlook and lower oil prices as factors supporting the rebound.
Events still ahead on October 9
The Baker Hughes rig count is scheduled for 12:00 p.m. ET, followed by the Commodity Futures Trading Commission's weekly S&P 500 speculative-position data at 2:30 p.m. ET. The scheduled releases and prior readings are listed by Investing.com.
What comes next
The final October University of Michigan survey is scheduled for October 23, 2026. Until then, the market's next immediate data point is the CFTC positioning release at 2:30 p.m. ET on October 9.
