Stocks Advance as Tech Shakes Off Thursday Selloff -- WSJ
Dow Jones2026/10/09 18:16By Ed Ballard Stocks are ending the week on a more positive note, after President Trump promised not to attack Iran before the midterms. But that calm is proving fragile: Oil prices, which cooled on Trump's comments, erased their losses after reports of more strikes on vessels near the Strait of Hormuz. The British navy-backed U.K. Maritime Trade Operations Centre said Friday it had received reports that a ship had been struck in waters off the U.A.E. Increased attacks in the region have kept Brent crude prices well above $100 a barrel for most of the week. Still, U.S. stocks are higher, with the Nasdaq seemingly shaking off concerns about the pace of AI growth that weighed on tech stocks yesterday. Those jitters were still evident this morning as Firmus Grid, an Nvidia-backed cloud computing company, scrapped its plan for Australia's largest initial public offering in almost 30 years. Nvidia stock edged lower, but 10 of 11 S&P 500 sectors were positive, including tech. Bond yields have crept higher with oil prices. The benchmark Treasury yield recently traded at 5.256%, up about 0.02 percentage point. The WSJ Dollar Index is on pace for a fourth consecutive week of gains, its longest streak in more than a year, as investors anticipate Federal Reserve rate increases ahead. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 09, 2026 14:16 ET (18:16 GMT)
By Ed Ballard
Stocks are ending the week on a more positive note, after President Trump promised not to attack Iran before the midterms.
But that calm is proving fragile: Oil prices, which cooled on Trump's comments, erased their losses after reports of more strikes on vessels near the Strait of Hormuz. The British navy-backed U.K. Maritime Trade Operations Centre said Friday it had received reports that a ship had been struck in waters off the U.A.E. Increased attacks in the region have kept Brent crude prices well above $100 a barrel for most of the week.
Still, U.S. stocks are higher, with the Nasdaq seemingly shaking off concerns about the pace of AI growth that weighed on tech stocks yesterday.
Those jitters were still evident this morning as Firmus Grid, an Nvidia-backed cloud computing company, scrapped its plan for Australia's largest initial public offering in almost 30 years. Nvidia stock edged lower, but 10 of 11 S&P 500 sectors were positive, including tech.
Bond yields have crept higher with oil prices. The benchmark Treasury yield recently traded at 5.256%, up about 0.02 percentage point.
The WSJ Dollar Index is on pace for a fourth consecutive week of gains, its longest streak in more than a year, as investors anticipate Federal Reserve rate increases ahead.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 09, 2026 14:16 ET (18:16 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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