Energy Stocks Rise as Houthis Vow Attacks on Saudi Facilities
The NYSE Energy Sector Index gained 0.3% on Wednesday afternoon, while the State Street Energy Select Sector SPDR ETF (XLE) added 0.5%. The Philadelphia Oil Service Sector Index fell 1.8% and the Dow Jones US Utilities Index…
By Adaeze Nwosu · 2 min read
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Nasdaq Falls 1.65% as Russell 2000 RSI Hits 28.3 and Oil Rises
The Nasdaq Composite dropped 449 points, or 1.65%, to 26,755.24 on October 14, 2026, extending its weekly loss to 2.23%. The decline was part of a broad equity retreat that left major U.S. indices in the red for the week, with…
October 14, 2026 · 2 min
OpenAI infrastructure chief Sachin Katti departs, Uday Ruddarraju to lead compute
Sachin Katti is leaving his role as OpenAI's infrastructure lead after roughly a year, with Uday Ruddarraju set to assume the position and head the company's compute organization. Katti announced the move on LinkedIn on…
October 14, 2026 · 2 min
Michael Burry consolidates bearish bets on Nasdaq and chip stocks
Michael Burry has consolidated almost all of his bearish exposure into two positions: puts on the Nasdaq-100 index and the VanEck Semiconductor ETF. In a post on his Cassandra Unchained Substack, the investor stated he is closing…
October 14, 2026 · 2 min
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