Wall Street’s main indexes opened higher Friday as oil prices retreated and investors took some relief from easing Middle East supply concerns.
The S&P 500, Nasdaq and Dow all moved higher at the open.
Telecom shares move the other way
Telecommunications stocks came under pressure after a SpaceX spectrum acquisition raised concerns about new competition in wireless connectivity.
The move highlights how satellite-to-phone services are becoming a more significant competitive threat to traditional carriers.
Investors are also preparing for next week’s U.S. bank earnings and inflation data.
Sources
- U.S. equity market data
- Reuters, Oct. 9, 2026
