News · floridastatesman.com

Wall Street closes higher Thursday but tech stocks lag

U.S. stock indexes all closed higher on Thursday despite a sharp sell-off in AI stocks, including Nvidia. The Dow Jones rose 556.21 points (1.08%) to 52,177.69, the S&P 500 gained 0.33% to 7,744.06, and the Nasdaq Composite added only 0.08% to 26,713.03, lagging its peers. The September Producer Price Index rose 1.3% (6.3% annualized), the highest in four years and much higher than expected; TradeStation's David Russell said inflation is getting worse as energy prices stay high and the Fed might be forced to act. The U.S. dollar weakened against most major currencies, with the euro up 0.50% to 1.1213 and sterling up 0.61% to 1.3274, while the Australian dollar fell 0.75% to 0.6920 and the Canadian dollar slid 0.35%.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on floridastatesman.com ↗

Related tickers and likely impact

QQQ

• Neutral

Invesco QQQ Trust

Relevance: low

MarketUS stocks
SectorETF
Close on 10/15/2026728.00
Change that session-0.13%
QQQ price, forecasts and signals →

SPY

▲ Likely positive

SPDR S&P 500 ETF

Relevance: low

MarketUS stocks
SectorETF
Close on 10/15/2026771.79
Change that session+0.28%
SPY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

Related markets

US stocks →

Latest news

  • JPMorgan Backs Two Defense Startups With $5 Billion

    JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.

    Yahoo Finance·• JPMJPMorgandefenseventure capital
  • X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights

    X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.

    Yahoo Finance·AMZNnuclear powerelectricity
  • Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor

    Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.

    Yahoo Finance·▲ GOOGLAlphabetself-driving carsvaluation
  • Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”

    NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.

    Yahoo Finance·▲ NVDANVDAJensen Huangartificial intelligence
  • AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3

    Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.

    Yahoo Finance·▲ AMZNAMZNcloud computingearnings
  • Bitcoin is rejected at $83K as US bond yields reverse higher with equities

    Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.

    Cointelegraph·▼ BTC/USDT▼ ETH/USDTbitcoincryptobonds

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.