top stories of 23 October
every morning: the most covered market stories of the past day. by email, on telegram and here.
Asian AI Selloff Deepens as Oil Holds Near Multi-Month Highs
Tech stocks in Asia keep falling as investors exit AI names, while Houthi attacks on Saudi Arabia keep oil prices elevated.
Currency · Futures · Bond · Treasury Notes — 2 sources
Treasury yields plunge as investors flee tech stocks into safe-haven bonds
The 10-year Treasury yield fell 19.3 basis points to 4.952% as the Nasdaq dropped 2.6%, according to Dow Jones Newswires. Middle East, France and AI worries drove the move.
Bond · Treasury Notes — 1 source
AI Stocks Slide on Earnings, French Bonds Sell Off, Oil Tops $112
AI stocks fell after disappointing earnings, French government bonds sold off, and Brent rose above $112 a barrel amid attacks on Saudi energy infrastructure.
Crypto · Currency · Futures · Bond — 1 source
Tesla Q3 revenue flat as net income falls 42.7% year over year
According to a TradingView summary of the 10-Q filing, Tesla's Q3 2026 revenue reached $28.05 billion while net income fell 42.7% to $787 million.
Earnings · Stock · United States — 15 sources
Japan's consumer inflation picks up, strengthening case for another BOJ hike
Japan's consumer inflation rose to 2.1% in September from a year earlier, according to Dow Jones Newswires, reinforcing expectations of a BOJ tightening in December.
Economy · Monetary Policy · Inflation · Labor — 2 sources
SpaceX filing: a Tesla combination still needs Musk's sign-off
On Thursday, SpaceX said in a regulatory filing that any Tesla combination needs approval from its special committee, board and controlling shareholder Elon Musk, per Reuters.
Stock · United States — 2 sources
Nasdaq drops over 2% as AI spending worries hit tech stocks
The Nasdaq fell more than 2% as investors questioned the returns on heavy AI spending, while Brent hovered near a five-month high, Reuters reported.
Earnings — 2 sources
Gold hits two-month low as oil-driven inflation worries lift rate-hike bets
Reuters reports spot gold fell 2.1% to $4,055.69 an ounce as higher oil prices fed fears of tighter Fed policy, with silver and platinum also sliding.
Futures · Inflation — 2 sources
American Airlines expects a 2026 loss as jet fuel costs outrun fare hikes
American Airlines now forecasts a 2026 loss after jet fuel prices outpaced fare gains. Shares fell 3.5% in premarket trading, according to Reuters.
Earnings · Stock · United States — 2 sources
Pentagon and Lockheed Martin unveil multiyear framework deal for F-35 jets
A framework covers 850 U.S. F-35s over 10 years plus international orders at 156 jets a year, subject to congressional approval of funds.
Stock · United States — 2 sources