Second straight down day: the S&P 500 dropped about 0.7%, the Nasdaq lost roughly 1.3%, and the TSX slipped as energy's gains couldn't offset weakness in banks and tech. Brent crude topped $105 on escalating US-Iran tensions, and the 10-year yield held near a 24-year high at 5.35%. A Financial Times report on OpenAI's revenue miss sparked an AI-stock selloff: Oracle ($ORCL) fell about 5% and Nebius ($NBIS) plunged roughly 7% to $219.71. Watch tomorrow: whether oil and bond yields keep climbing or start to cool. Next up: September CPI on Wednesday, October 14. Not financial advice.
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