Oil Spike Pushes Stocks Lower

Written By Timmy Adami

October 3, 2024

MRKT Matrix - Thursday, October 3rd

  • S&P 500 falls on oil spike as rough October continues (CNBC)

  • U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran (CNBC)

  • A recession is imminent and favored tech stocks set to crater like the ‘Nifty Fifty’ did, BCA Research says (CNBC)

  • Nvidia CEO Jensen Huang says demand for next-generation Blackwell AI chip is ‘insane’ (CNBC)

  • OpenAI asks investors to avoid five AI startups including Sutskever's SSI, sources say (Reuters)

  • Apple’s A.I. Is Landing Soon on iPhones. Here’s What It’s Like. (NYT)

  • Amazon to increase number of advertisements on Prime Video (FT)

  • Uber and Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns (Reuters)

  • Warren Buffett Sells $338 Million of BofA Stock as Spree Slows (Bloomberg)

  • Lilly Weight-Loss Drug Copycats Dealt Blow as Shortage Ends (Bloomberg)

Timmy Adami
Previous

Stocks Rally After Strong Jobs Number
Next

Rocky Start to October Continues