Opendoor shares rose 2% to $2.09 in afternoon trading but remain down 64% year to date, while the SPDR S&P 500 ETF Trust is up 13%, as its balance-sheet-heavy iBuying model faces a frozen housing market. The 10-year Treasury yield, which guides mortgage rates, stood at 5.09% on October 16. Q2 2026 revenue fell 43.6% YoY to $883 million and the GAAP net loss grew to $162 million, though acquisition volume is rising and homes listed over 120 days fell to 9% from 36%. Management expects Q3 2026 revenue to grow at least 20% YoY and targets positive adjusted net income by year-end, and the upcoming report will show whether the stock bounces or keeps falling.
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
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