The New York Stock Exchange opened Friday’s trading with a choppy trend. The technology-heavy Nasdaq is, however, recording a clear decline.
The broad S&P 500 index was down 0.1 percent at 7,738.51 at 15:45. The technology-heavy Nasdaq Composite fell 0.7 percent to 26,516.88.
By sector, materials showed the best performance, up 1.65 percent, while IT recorded the weakest performance, down 1.14 percent.
Aluminum producer Alcoa’s adjusted third-quarter earnings per share came in just over 20 percent above analysts’ expectations. Revenue was in line with consensus. Alcoa repeats its full-year forecasts for production and deliveries. The stock climbed 6.8 percent.
Online broker Interactive Brokers reported third-quarter results that were in line with expectations. At the same time, the quarterly dividend was raised sharply. The stock fell 0.3 percent.
Electric vehicle manufacturer Tesla has presented a new version of the Roadster sports car, which can make short jumps in the air with the help of compressed-air-powered rocket nozzles. Production is expected to begin in 2028, eight years later than originally planned. According to Tesla, the car can accelerate from a standstill to 100 kilometers per hour in around one second and has a top speed of more than 370 kilometers per hour. The stock rose 1.6 percent in premarket trading.
Technology giant Apple’s new iPhone Duo sold out of available inventory shortly after preorders opened on Friday. Delivery times were quickly pushed back to November 16 and then to November 23 for all configurations. The first deliveries are scheduled for October 23, when the phone will also go on sale in physical stores. The stock rose 0.6 percent.
Software giant Microsoft has completed training of the AI model MAI-Base-2 with 2.8 trillion parameters, of which 80 billion are active. According to the company, the model outperforms all tested open models and is 4.2–12.3 times more computationally efficient than Deepseek-V4-Pro-Base. The stock fell 1.1 percent.
Meta Platforms is launching the AI model Muse Spark Open, which was developed for programming, advanced problem-solving and autonomous AI agents. The launch is taking place in collaboration with Apple. The stock dropped 1.2 percent.
Streaming company Netflix appointed Peter Rice as its new global head of content, taking office on October 26. He replaces Bela Bajaria, who is leaving after almost ten years. The stock fell 1.7 percent.
The yield on the U.S. ten-year Treasury fell 1 basis point to 5.08 percent.
Brent crude fell 0.04 percent to 105.88 dollars and WTI crude fell 0.21 percent to 96.30 dollars.
IndexPriceChange todayChange this yearS&P 5007,738.51-0.07%13.05%Nasdaq Composite26,516.88-0.73%14.09%Consumer discretionary1,883.870.64%-2.31%Consumer staples982.681.36%13.62%Energy1,030.990.65%50.00%Financials930.541.27%2.08%Health care2,071.850.33%14.73%Industrials1,434.690.98%9.26%Materials651.651.65%13.45%Real estate269.880.67%5.82%IT7,009.57-1.14%23.32%Utilities427.431.05%-1.47%Telecom472.07-0.90%4.35%Source: Factset
