Markets News, Oct. 9, 2026: Stocks Rise as Oil Prices, Treasury Yields Stabilize; Major Indexes Post Weekly Gains
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Stocks surged Friday, pushing major indexes to weekly gains, as tech shares rebounded from the previous session’s sell-off.
The blue-chip Dow Jones Industrial Average, tech-focused Nasdaq Composite, and benchmark S&P 500 closed up 0.8%, 0.6%, and 0.6%, respectively, with the Dow adding about 425 points.
For the week, the S&P 500, Dow, and Nasdaq finished up a respective 1.2%, 0.9%, and 0.6%. It was the Nasdaq’s fourth consecutive weekly gain.
Friday’s biggest stock moves were in response to an announcement late yesterday from Elon Musk-led SpaceX (SPCX), which said that it had agreed to acquire a nationwide low-band spectrum license portfolio to address “one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the US.” Shares of T-Mobile US (TMUS), AT&T (T), and Verizon Communications (VZ) sank between 8.5% and 13% in response, the three biggest decliners in the S&P 500 today. SpaceX stock rose more than 1%, while tower operators Crown Castle (CCI), SBA Communications (SBAC), and American Tower (AMT) surged between 7% and 16%.
The Magnificent Seven mega-cap tech stocks rebounded from yesterday’s tech selloff, with the Roundhill Magnificent Seven ETF (MAGS) 1% higher after falling by roughly that percentage Thursday.
In other notable stock moves, shares of Humana (HUM) soared 12% after the health insurer announced improved Medicare Advantage plan star ratings for 2027, while those of Delta Air Lines (DAL) ended near flat after the carrier reported weaker-than-expected earnings and trimmed its full-year profit outlook amid high fuel prices.
Oil prices ticked lower after President Donald Trump’s announcement that he had struck a deal with Vladimir Putin for Russia to supply U.S. and global markets with diesel. U.S. benchmark West Texas Intermediate crude futures were down 0.4% to $91.20 a barrel, while front-month Brent crude futures, the international benchmark, slipped 0.4% to $104.
The 10-year Treasury yield—which serves as a benchmark for a wide range of interest rates—was below 5.25%, up one basis point from Thursday’s close. The yield hit its highest level in 24 years at nearly 5.37% on Wednesday.
Bitcoin was trading around $82,300, up modestly over the past 24 hours. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, advanced 0.1% to 102.24. Gold futures rose 1.5% to $4,220 an ounce.
Bond markets will be closed Monday for Columbus Day, although stock markets will be open. Earnings season kicks into high gear Tuesday with several big banks reporting results.