S&P 500 futures rise 0.4 percent as oil falls ahead of the open
Published on 10/09/2026 at 13:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The S&P 500 closed at 7,765.36 points on October 8, down 0.47 percent.
- AI-linked shares led Thursday's decline after concerns about OpenAI revenue weighed on technology stocks.
- S&P 500 futures rose 0.41 percent to 7,848.50 points at 5:28 a.m. ET on October 9.
- The University of Michigan's preliminary October consumer sentiment reading is due at 10:00 a.m. ET on October 9, with a forecast of 47.6.
S&P 500 futures rose 0.41 percent to 7,848.50 points at 5:28 a.m. ET on October 9, pointing to a firmer start after the index closed at 7,765.36 points on October 8. The rebound followed lower oil prices and signs that concerns about OpenAI's revenue outlook were easing, according to Bloomberg.
AI selling and oil pressure Thursday
The S&P 500 lost 36.41 points, or 0.47 percent, for a second consecutive session after reaching an all-time high earlier in the week, AP reported. The Nasdaq Composite fell 1.25 percent as technology stocks came under pressure.
Nvidia fell 2.9 percent and Micron Technology dropped 4.8 percent as AI-related shares weakened. Broadcom declined 4.3 percent, while Brent crude rose 4.1 percent to USD 104.28 a barrel, according to The Courant. Reports that OpenAI's annualized revenue was below earlier market expectations added pressure to the group.
Friday events
The University of Michigan is scheduled to publish its preliminary October consumer sentiment reading at 10:00 a.m. ET on October 9. The forecast is 47.6, compared with 48.1 in September, according to LiveTradingNews. Delta Air Lines is also scheduled to release quarterly results before the open.
What comes next: The S&P 500 heads into the October 9 session with futures at 7,848.50 points and the Michigan sentiment release due at 10:00 a.m. ET.
