News Bulletin
Thursday, October 08, 2026
Morning Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Thursday, October 8, 2026
8:30	Initial Jobless Claims		200K	197K
8:30	Continuing Jobless Claims		1,710K	1,701K
13:00	30-Year Bond Auction			5.31%
16:30	Fed's Balance Sheet			6,743B

Indices

	CLOSE	50 DMA	200 DMA
DJIA	51,179.87	52,651.50	50,324.64
NASDAQ	27,538.69	26,462.38	24,798.44
S&P 500	7,801.77	7,680.35	7,240.02

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
PepsiCoPEP:US	2.34	2.32	25.27B	25B	$189.49B	AM
ProgressivePGR:US	-	3.67	-	22.89B	$122.59B	AM
Delta Air LinesDAL:US	-	2.03	-	17.27B	$56.08B	AM

Market News:

U.S. stock futures edged lower on Thursday, as concerns around the health of global bond markets were driven by rising energy prices and a reported wave of debt-fueled artificial intelligence financing arrangements.

By 05:37 ET (09:37 GMT), the Dow futures contract had fallen by 373 points, or 0.7%, S&P 500 futures had declined by 26 points, or 0.3%, and Nasdaq 100 futures had dipped by 136 points, or 0.4%.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all ended lower on Wednesday, with the S&P 500 and Dow snapping four-session winning streaks and the Nasdaq posting its first decline in six sessions.

A renewed selloff in the global debt markets dented risk assets, analysts at Deutsche Bank said.

The benchmark U.S. 10-year yield climbed as high as 5.36% on Wednesday, while the 30-year yield briefly touched 5.73%, a 24-year peak. The 10-year yield last trading at 5.345%, while the 30-year yield was at 5.722%.

Jitters that U.S. Treasury woes could bleed into European bonds have also persisted. On Wednesday, the difference between what traders are demanding to hold French 10-year bonds over their German counterparts was on pace for its biggest jump since the COVID-19 pandemic in 2020. Although this increase later pulled back, France was once again in the "epicenter of a global bond market selloff," the Deutsche Bank analysts said.

Fears of energy-induced inflation, and a subsequent tightening cycle by central banks, partially drove the uptick in yields. Brent crude prices have jumped above $104 a barrel following attacks on vessels in the Strait of Hormuz and strikes on key infrastructure in Saudi Arabia by Iran-backed Houthis in Yemen.

An Axios report showed that the Pentagon has instructed the U.S. military to complete preparations for a possible resumption of major combat operations in Iran. The Atlantic also reported that U.S. President Donald Trump is considering striking Iran before the midterm elections in November.

Investors were also eyeing the sustainability of an ongoing AI investment cycle. A collection of financing agreements are now reportedly being worked on across the AI industry, as companies search for the funding necessary to continue a rapid buildout of the infrastructure behind the nascent technology.

Broadcom has been moving to gather more than $50 billion in financing for ChatGPT-maker OpenAI’s custom AI chip, which the two firms are jointly developing, The Wall Street Journal reported.

At the same time, the WSJ said cloud giant Oracle is in discussions with Apollo and Goldman Sachs over a large chip purchase. Earlier this week, the FT also reported Elon Musk’s SpaceX is in talks with lenders over securing $40 billion in financing to buy Nvidia processors.

"No one will be surprised by any of the WSJ details, but the article makes clear that the tidal wave of AI-linked debt is still building, and until the momentum cools, it will be very hard for Treasury yields to go down," analysts at Vital Knowledge said in a note.

In individual stocks, solid AI demand propelled a spike in revenue at data center operator Applied Digital, sending shares higher in premarket trading. But analysts flagged that the group’s spending on property and equipment -- a proxy for capital expenditures -- has dwarfed free cash flow, underlining the massive outlays required to maintain the AI boom.

Elsewhere, Samsung Electronics forecast its strongest ever third-quarter profit on Thursday amid robust AI-fueled demand for memory chips, although the figure was a shade below the higher end of market expectations.

On a relatively quiet earnings calendar, packaged food and beverage firm PepsiCo will highlight the agenda. The quarterly reporting period is due to heat up next week, when a slate of major Wall Street banks are set to unveil their latest results.

Investors also digested minutes from the Federal Reserve’s September meeting, which showed policymakers are not in a hurry to ratchet up interest rates after they lifted borrowing costs for first time since 2023 last month.

Markets have reduced expectations for an October rate increase. Traders were pricing in just a 19% chance of a hike at the Fed’s meeting this month, but a roughly 71% probability of a December increase, according to CME FedWatch.

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