Flat Market:
The S&P 500, Nasdaq, and Dow Jones showed minimal gains amid rising tensions in the Middle East.
Energy stocks outperformed as oil prices surged due to Iran's missile attack on Israel.
OpenAI Valuation:
OpenAI closed a funding round valuing the company at $157 billion.
Investors include Microsoft, Nvidia, and SoftBank, with plans to advance AI research and increase compute capacity.
U.S. Auto Industry Decline:
Tesla shares fell after missing delivery estimates, amid increased competition in the U.S. and China.
Stellantis reported a significant drop in sales during Q3.
Eli Lilly's Investment:
Eli Lilly announced a $4.5 billion investment in a research and manufacturing center to boost production of its successful obesity drugs and develop treatments for neurodegenerative diseases.
Election Betting:
A court ruling allows Americans to potentially bet on the outcome of the 2024 congressional elections through KalshiEx, which might extend to U.S. presidential elections in the future.
The S&P 500, Nasdaq, and Dow Jones showed minimal gains amid rising tensions in the Middle East.
Energy stocks outperformed as oil prices surged due to Iran's missile attack on Israel.
OpenAI Valuation:
OpenAI closed a funding round valuing the company at $157 billion.
Investors include Microsoft, Nvidia, and SoftBank, with plans to advance AI research and increase compute capacity.
U.S. Auto Industry Decline:
Tesla shares fell after missing delivery estimates, amid increased competition in the U.S. and China.
Stellantis reported a significant drop in sales during Q3.
Eli Lilly's Investment:
Eli Lilly announced a $4.5 billion investment in a research and manufacturing center to boost production of its successful obesity drugs and develop treatments for neurodegenerative diseases.
Election Betting:
A court ruling allows Americans to potentially bet on the outcome of the 2024 congressional elections through KalshiEx, which might extend to U.S. presidential elections in the future.