Yields Spike, Stocks Drop

Written By Timmy Adami

October 7, 2024

MRKT Matrix - Monday, October 7th

  • Dow tumbles 400 points as 10-year yield tops 4%, oil jumps (CNBC)

  • U.S. crude oil jumps more than 3%, closes above $77 as market waits for Israel strike against Iran (Bloomberg)

  • Activist Starboard Value Takes $1 Billion Stake in Pfizer (WSJ)

  • Super Micro shares soar after server company says it’s shipping over 100,000 AI GPUs per quarter (CNBC)

  • Google’s Grip on Search Slips as TikTok and AI Startup Mount Challenge (WSJ)

  • Microsoft’s AI Story Is Getting Complicated (WSJ)

  • Meta Unveils AI Video Generator, Taking On OpenAI and Google (Bloomberg)

  • AWS CEO Matt Garman on generative AI, open source, and closing services (TechCrunch)

  • Foxconn beats estimates with record third-quarter revenue on AI demand (Reuters)

Timmy Adami
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