Dow, S&P 500 and Nasdaq open higher as tech stocks rebound

US stocks opened higher on Thursday. The Dow, S&P 500 and Nasdaq all moved up as technology shares bounced back from a bruising Wednesday.

The catalyst was a revenue figure for OpenAI. One day it sank tech stocks. The next day, a different report about the same company helped lift them.

From a red Wednesday to a green open

Futures pointed the way before the bell on October 9, 2026. Dow futures rose approximately 0.1-0.2%. S&P 500 futures gained between 0.3-0.4%.

The real action sat in tech. Nasdaq-100 futures advanced by 0.7-0.8%, the biggest move of the three.

Wednesday’s session was a split decision. The Dow Jones Industrial Average closed up 51.77 points, or 0.10%, at 51,231.64.

The S&P 500 did not share that mood. It fell 36.41 points, or 0.47%, to finish at 7,765.36.

The Nasdaq Composite took the worst of it. It dropped 345.35 points, or 1.25%, to close at 27,193.34.

The OpenAI number that moved the market

Wednesday’s tech slide was attributed to a Financial Times report on OpenAI’s finances. According to the FT, OpenAI’s annualized revenue stood at around $50 billion at the end of September. Earlier expectations had pegged that figure at $70 billion.

Then came the counterweight. Bloomberg reported that OpenAI anticipated reaching or exceeding the $70 billion mark by year-end.

Those two reports are not necessarily contradictory. One describes where revenue reportedly stood at the end of September. The other describes where OpenAI reportedly expects it to land by December.

Strength showed up in semiconductor and AI-related exchange-traded funds.

Oil gives the rally a second leg

Brent crude futures declined toward $102 per barrel. The move came as concerns about supply disruptions in the Middle East cooled.

Despite Wednesday’s pullback, markets were still on track for weekly gains.

What this means for investors

A revenue report about OpenAI, a firm with no public shares, knocked 1.25% off the Nasdaq Composite in a day. Chipmakers, cloud providers and AI-themed funds all trade partly on the assumption that AI spending keeps growing.

Sentiment around AI swung from worry to relief within roughly 24 hours, driven by two press reports. Investors heavily exposed to tech should note the asymmetry: a headline that hints at slower AI revenue can do real damage fast, while the recovery depended on a forecast that has not yet been delivered.

The $70 billion year-end target now becomes a benchmark the market will watch closely.

For now, the Dow is holding above 51,000 and the S&P 500 sits near 7,765. The Nasdaq still has work to do to reclaim the 345.35 points it surrendered on Wednesday.