Rocky Start to October Continues

Written By Timmy Adami

October 2, 2024

MRKT Matrix - Wednesday, October 2nd

  • S&P 500 is little changed as shaky October start continues on escalating Middle East tensions (CNBC)

  • Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs (WSJ)

  • Tesla’s First Quarterly Sales Gain This Year Comes Up Short (Bloomberg)

  • Bank of America’s top ideas for the fourth quarter including Starbucks and Walmart (CNBC)

  • Ozempic Goes From Threat to Opportunity for Packaged-Food Makers (Bloomberg)

  • AI Can Only Do 5% of Jobs, Says MIT Economist Who Fears Crash (Bloomberg)

  • OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round (CNBC)

  • Equinix signs $15 bln joint venture to build U.S. data center infrastructure (Reuters)

  • Oracle to Invest $6.5 Billion in AI and Cloud Infrastructure in Malaysia (WSJ)

  • Microsoft Pitches AI for Consumers Against Crowded Field of Rivals (Bloomberg)

Timmy Adami
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