Markets were mixed on October 9, 2026. The Nasdaq fell 1.25% to 27,193.34, the S&P 500 slipped 0.47% to 7,765.36, and the Dow gained 0.10% to 51,231.64. Nvidia dropped 2.94% and Amazon lost 2.25%, while Apple rose 1.11%. Gold futures gained 1.16%, crude oil futures fell 0.86%, and Bitcoin rose 0.98%.
Key headlines included faster September sales of Tesla’s China-made electric vehicles and reported Apple component-order cuts that raised questions about iPhone 18 demand. American Express shares fell after the OCC fined the bank $350 million for anti-money-laundering lapses. Hexagon jumped 3% as J.P. Morgan highlighted earnings upside from recovering demand.
Watch third-quarter earnings for whether AI-related companies deliver the bulk of expected US earnings gains. Citi’s view that AI model progress is outpacing data center infrastructure puts capacity constraints in focus. Federal Reserve policy is another theme: BofA’s Hartnett said sustained rate cuts are needed to draw cash off the sidelines.