{
  "id": 13141533,
  "title": "Wall St climbs as oil slips; SpaceX spectrum deal weighs on telecoms",
  "url": "https://urgent.news/2026/10/09/wall-st-climbs-as-oil-slips-spacex-spectrum-deal-weighs-on-telecoms",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T14:51:26.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443466/wall-st-climbs-as-oil-slips-spacex-spectrum-deal-weighs-on-telecoms"
  },
  "original_language": "en",
  "account": "US stock indexes rose marginally on Friday as oil prices declined due to eased Middle East supply worries, but telecom shares faced pressure following SpaceX's spectrum acquisition. Oil prices slipped after US President Donald Trump ruled out attacking Iran before the US midterm elections, easing supply concerns. Brent crude fell around 1%, yet remained above $100-a-barrel. US Treasury yields remained stable, with the 10-year yield at 5.25%. The S&P 500 and Nasdaq were set for weekly gains despite pulling back the previous two days, buoyed by optimism around an AI-driven third-quarter earnings season. Megacap growth stocks like Tesla, Nvidia, and Microsoft rose, while chip stocks also climbed after OpenAI's annualized revenue was reported lower than expected. Ten out of eleven sectors advanced, with real estate and consumer discretionary leading gains. However, SpaceX's spectrum deal raised competitive concerns across the telecom sector, prompting telecom shares to decline. T-Mobile US fell 9.1%, AT&T dropped 7.4%, and Verizon eased 6.3%. The Dow Jones Industrial Average added 136.24 points, the S&P 500 gained 25.23 points, and the Nasdaq Composite increased 130.99 points. Amid a quarterly earnings season, optimism over strong bank earnings continued to support US stocks, despite geopolitical and rate concerns.",
  "summary": "US stock indexes edged higher on Friday as oil prices retreated on easing Middle East supply concerns, though telecom shares remained under pressure after SpaceX’s spectrum acquisition raised competitive concerns across the sector. Oil prices fell after US President Donald Trump said on Thursday the country will not attack Iran before US midterm elections next month, easing supply concerns. Brent…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "SpaceX is buying nationwide low-band spectrum to become a major U.S. mobile carrier",
        "url": "https://urgent.news/2026/10/09/spacex-is-buying-nationwide-low-band-spectrum-to-become-a-major-u-s",
        "published": "2026-10-09T11:34:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}