US stock indexes edged lower: the S&P 500 slipped 0.02% to 7,805.45, the Dow fell 0.35% to 51,670.1, and the Nasdaq lost 0.15% to 27,204.38. Meta rose 2.63% and Nvidia gained 0.97%, while Tesla dropped 0.74%. Crude oil futures climbed 1.22% to $95.29; gold futures fell 0.23% to $4,167.5, and Bitcoin rose 0.36% to $83,389.6.
AI safety featured in the headlines: Google DeepMind’s Hassabis called AI hacks “early warning shots,” while Nvidia donated $250 million to the UK for AI safety research. Elsewhere, EDF halted its Edison stake sale amid uncertainty over Qatar gas supply, and Morgan Stanley raised its MSCI Europe target on a strong third-quarter earnings outlook.
Watch for Bank of America’s third-quarter earnings report and further debate over technology stocks following a strategist’s sector downgrade. Other developments to follow include tough negotiations and a US probe facing the re-elected United Auto Workers chief, plus shareholder responses to Glass Lewis’s recommendation to reject Monte dei Paschi’s BPM and Generali bids.