US stocks open higher as oil slips; telecoms hit by SpaceX spectrum deal
All three major indices rose at the open
On Friday, October 9, Wall Street's major indexes opened higher as oil prices declined due to eased Middle East supply concerns. However, telecom shares faced pressure following SpaceX's spectrum acquisition, which raised competitive concerns across the industry. The Dow Jones Industrial Average increased by 67.32 points, or 0.13 percent, to 51,298.96 at the opening bell.
The S&P 500 gained 22.35 points, or 0.29 percent, reaching 7,787.71. Meanwhile, the Nasdaq Composite climbed 149.59 points, or 0.55 percent, to 27,342.93.
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