Futures Rebound as Analysts Revise Palantir and SpaceX Outlooks

Futures traded higher Friday following a volatile session where AI stocks recovered after OpenAI released disappointing revenue figures. The market response followed a Thursday close where the Nasdaq Composite fell 1.25% to 27,193 and the S&P 500 dropped 0.47% to 7,765. In contrast, the Russell 2000 finished up 0.03% at 2,794, and the Dow Jones Industrial Average closed up 0.10% at 51,231.

Energy prices surged on geopolitical tensions with Iran and the approach of Hurricane Isaias toward the southern U.S. Gulf Coast. The storm is expected to shut in 1.28 million barrels of oil per day. Brent Crude closed Thursday at $103.50, a 3.27% gain, while West Texas Intermediate traded at $90.89, up 3.40%. Natural gas fell 2.28% to close at $3.13.

Treasury yields showed mixed results, with the 30-year bond finishing at 5.60% and the 10-year note at 5.23%. Traders noted strong demand for the 30-year auction, which posted a bid-to-cover ratio of 2.54x, exceeding the one-year average of 2.43x. Gold continued its upward trend to $4,131 following Federal Reserve minutes indicating that while another rate hike is likely, it may not occur until the final meeting of 2026 in early December. Silver ended the session at $59.05, down 1.04%.

Crypto assets experienced a sharp decline as macroeconomic pressures mounted. Bitcoin fell below the $81,000 threshold on Thursday, triggering nearly $1 billion in liquidations before trading at $83,140 at 8 AM EDT Friday. Ethereum was quoted at $2,505 during the same period.

24/7 Wall St. reported several analyst research updates for Friday, October 9, 2026, covering American Express, Archer Aviation, Fastly, Jack Henry & Associates, Joby Aviation, Lockheed Martin, Palantir, Rocket Lab, and SpaceX. The publication reviews dozens of reports daily to identify investment ideas but advises that no single report should serve as the sole basis for trading decisions.

The market shift comes as investors brace for third-quarter earnings reports from large-cap money-center banks beginning next week. The recent volatility in AI stocks was directly linked to the weak revenue data from OpenAI, which weighed heavily on technology sector performance earlier in the week.