AI Stocks Close
🔔 AI Stocks Close — Wednesday, October 7, 2026 at 2:15 PM
Closes: SPX 7,803 (-0.2%) · NDX 31,175 (-0.2%) · DJI 51,212 (-0.6%)
Day narrative: The record run finally hit something it couldn't climb — a 10-year Treasury at 5.35%, a 24-year high, with Brent pushing $102 on Strait of Hormuz attacks. September Fed minutes showing officials leaning toward another hike by year-end did the rest, though the damage stayed shallow at the index level and concentrated in industrials and high-beta software.
Sectors: Best Health Care (XLV +1.03%) · Worst Industrials (XLI -2.18%)
Movers:
• MU +4.1% — memory stays the cleanest AI trade; DRAM/NAND contract pricing keeps ratcheting and HBM4 is sold out through 2027
• CAT -5.8% — the single biggest drag on the Dow, hit as rate and input-cost fears bit industrials
• CRWD -4.9% — long-duration software sold off hardest against the yield move
• BULL -19% — Webull cratered after congressional reports flagged structural ties to Beijing
• SMCI +3.4% — bucked the tape alongside the memory complex
• SPCX -2% — reports of $40B in fresh debt issuance to fund Nvidia chip purchases
After-hours / Earnings:
• LEVI and APLD both report with 5:00 PM ET calls — numbers weren't out at the bell, no AH print yet
• Index proxies dead flat after hours: SPY -0.0%, QQQ -0.0%, DIA -0.0%
Watchlist:
• MU $1,088.00 (+4.06%)
• NVDA $237.36 (-0.79%)
• MSFT $529.57 (+0.05%)
• GOOGL $350.36 (+0.77%)
• META $721.16 (-2.40%)
• AMZN $259.88 (+1.40%)
• AAPL $336.61 (+0.89%)
• AMD $645.86 (-0.55%)
• TSLA $377.75 (-0.77%)
• PLTR $194.04 (+1.03%)
• ARM $294.37 (-2.71%)
• SMCI $44.94 (+3.41%)
• ORCL $143.56 (-0.84%)
• SOUN $5.63 (-1.57%)
• IONQ $41.34 (-4.50%)
• BBAI $2.51 (-2.71%)
• AVGO $376.29 (+0.13%)
• CRM $224.56 (-0.19%)
• ADBE $232.70 (-2.28%)
• IBM $220.51 (-0.35%)
• SNOW $332.85 (-0.92%)
• MDB $363.03 (+0.64%)
• NET $342.97 (-3.39%)
• CRWD $265.31 (-4.86%)
• TSM $472.20 (-2.09%)
• ASML $1,804.65 (-1.61%)
Macro:
• 10-year Treasury 5.35% (24-year high); 30-year touched 5.73%, settled 5.66%
• September FOMC minutes: officials saw another hike as "likely appropriate by year end" — traders still price only ~17% for October
• Brent crude near $102 on renewed Iranian attacks on Hormuz shipping
• $39B 10-year auction cleared into the yield spike
• Bitcoin broke below $83,000, forcing roughly $696M in liquidations
• IPO watch: Anthropic has filed confidentially and could start marketing the week of Nov. 9 at up to a $2T valuation — investor meetings begin Oct. 14. OpenAI has ruled out 2026, earliest 2027. Neither is tradable.
Tomorrow: PepsiCo reports before the open — first big consumer read of the quarter. Initial jobless claims at 8:30 AM ET for the week ending Oct. 3. Delta lands Friday. Watch whether the 10-year holds above 5.30% or gives the equity bid room to come back.