US stock markets opened higher on October 9, 2026, following a recovery in technology shares. Futures for the Dow rose by 0.1–0.2%, while S&P 500 futures increased by 0.3–0.4%. Nasdaq-100 futures saw the most significant growth, advancing by 0.7–0.8%.
Market volatility was driven by conflicting reports on OpenAI's revenue. A Financial Times report stated that annualized revenue was $50 billion at the end of September, below previous expectations of $70 billion. Subsequently, Bloomberg reported that OpenAI expects to reach or exceed the $70 billion mark by the end of the year.
On Wednesday, the Nasdaq Composite dropped 345.35 points, or 1.25%, closing at 27,193.34. The S&P 500 fell 36.41 points, or 0.47%, to 7,765.36, while the Dow Jones Industrial Average rose 51.77 points, or 0.10%, to 51,231.64.
Additional market pressure eased as Brent crude futures declined toward $102 per barrel amid cooling concerns regarding supply disruptions in the Middle East. The $70 billion year-end revenue target for OpenAI is now a key benchmark for market participants.
