Threshold (T) news

Update: Nasdaq Rises to Notch Fourth Weekly Gain; Crude Prices Stabilize

05:08 PM EDT, 10/09/2026 (MT Newswires) -- (Updates with market moves at the end of the day, and other changes, if any.) The Nasdaq Composite rose Friday, securing its fourth straight weekly gain, while crude prices were little changed. The index climbed 0.6% to 27,366.17. The Dow Jones Industrial Average advanced 0.8% to 51,654.95, while the S&P 500 added 0.6% to 7,811.54. Except for communications services and energy, all sectors ended in the green, led by real estate. This week, the Nasdaq gained 0.6%, extended its winning streak to a fourth consecutive week. The S&P 500 and the Dow logged weekly increases of 1.2% and 0.9%, respectively. "Equity markets bounced back this week with little in the way of major market-moving data, and as Treasury yields paused their relentless run higher," BMO Senior Economist Robert Kavcic wrote in a note. US consumer sentiment fell to a five-month low in October as the one- and five-year inflation expectations reached their highest levels since May, preliminary results of a University of Michigan survey showed Friday. "While year-ahead expectations for personal finances and business conditions crept up slightly, buying conditions for durables plummeted amid high prices and borrowing costs," Surveys of Consumers Director Joanne Hsu said. "Frustration over cost-of-living continues to mount, as consumers across the political spectrum believe that the trajectory of the economy has weakened since the beginning of the year." Markets are pricing in a nearly 83% probability that the Federal Reserve will keep its benchmark rate steady later this month, according to the CME FedWatch tool. West Texas Intermediate crude slipped 0.1% to $91.42 a barrel in Friday late-afternoon trade, while Brent was little changed at $104.24. Both benchmarks were up for the week, with Brent on track for its third consecutive weekly increase. President Donald Trump said Friday that Russian President Vladimir Putin agreed to supply diesel to the US and global markets. The 10-year US Treasury yield was up 1.1 b

AT&T Inc. Stock Slips 9.8%, Underperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of AT&T Inc. slipped 9.8% to $22.18 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,811.54 and the Dow Jones Industrial Average rising 0.8% to 51,654.95. The stock's fall snapped a three-day winning streak. AT&T Inc. closed 24.6% short of its 52-week high of $29.44, which the company reached on March 24th. The stock underperformed when compared to some of its peers, as Netflix Inc. fell 1.8% to $70.30, Walt Disney Co. rose 1.0% to $108.05, and Comcast Corp. Cl A fell 2.59% to $20.66. Trading volume totaled 149.8 million, compared to the 50-day average of 37.6 million. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 09, 2026 16:33 ET (20:33 GMT)

US Equity Markets End Higher Amid Broad Rally, Strong Mega-Cap Gains

04:22 PM EDT, 10/09/2026 (MT Newswires) -- US equity indexes ended higher Friday after a broad-based rally and strong gains in mega-cap technology names as crude oil prices steadied. * The University of Michigan's preliminary consumer sentiment index declined to 46.3 in October from 48.1 in September, versus the 47.6 expected in a Bloomberg-compiled survey. * November West Texas Intermediate crude oil rose $0.15 to settle at $91.63 per barrel, while December Brent crude, the global benchmark, was last seen up $0.15 at $104.43. * Shares of Moderna (MRNA) and other vaccine developers rose after The New York Times reported that the US National Institutes of Health is part of a public-private partnership to accelerate the development of cancer vaccines. Moderna shares rose roughly 12.5%, the best performer on the Nasdaq. * SpaceX (SPCX) shares rose about 1.3% after the company agreed to acquire a nationwide low-band spectrum portfolio from investment firm Grain Management to establish Starlink Mobile as a major US mobile carrier. AT&T (T) shares fell nearly 10%, Verizon (VZ) dropped about 8.7%, and T-Mobile US (TMUS) declined nearly 13%. All three stocks were the three worst performers on the S&P 500.

Wireless Carriers' Day of Woe After SpaceX Spectrum Deal -- WSJ

By Patience Haggin Shares in AT&T, Verizon Communications and T-Mobile US fell sharply Friday in the wake of SpaceX's $8 billion spectrum deal, the Elon Musk-led company's biggest move yet into the wireless market. By early afternoon, AT&T and Verizon were on track for their biggest one-day declines in more than 24 years. For T-Mobile, it would be the worst percentage drop in more than 13 years. SpaceX said Thursday it had agreed to buy cellular spectrum licenses from investment firm Grain Management-specifically, spectrum that can cover places satellite links can't reach, such as inside buildings. SpaceX has said it wants to move its Starlink satellite service beyond broadband, and this acquisition could make it a more serious threat to the leading consumer wireless carriers. Starlink already provides internet connectivity via thousands of satellites in low-Earth orbit, as well as basic wireless connections in remote areas through a T-Mobile partnership. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 09, 2026 14:47 ET (18:47 GMT)

Wireless Carriers' Day of Woe After SpaceX Spectrum Deal -- WSJ

By Patience Haggin Shares in AT&T, Verizon Communications and T-Mobile US fell sharply Friday in the wake of SpaceX's $8 billion spectrum deal, the Elon Musk-led company's biggest move yet into the wireless market. By early afternoon AT&T and Verizon were on track for their biggest one-day declines in more than 24 years. For T-Mobile, it would be the worst percentage drop in more than 13 years. SpaceX said Thursday it had agreed to buy cellular spectrum licenses from investment firm Grain Management-specifically, spectrum that can cover places satellite links can't reach, like inside buildings. SpaceX has said it wants to move its Starlink satellite service beyond broadband, and this acquisition could make it a more serious threat to the leading consumer wireless carriers. Starlink already provides internet connectivity via thousands of satellites in low-Earth orbit, as well as basic wireless connections in remote areas through a T-Mobile partnership. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 09, 2026 14:16 ET (18:16 GMT)

Update: US Equity Indexes Rise Amid Strong Gains in Mega-Cap Technology

02:10 PM EDT, 10/09/2026 (MT Newswires) -- (Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.) US equity indexes rose amid a broad-based rally that lifted all sectors and strong gains in mega-cap technology names, as investors seemingly whistled past a bear steepening in the yield curve. The Nasdaq Composite climbed 0.6% to 27,346.2, the S&P 500 advanced 0.6% to 7,808.5, and the Dow Jones Industrial Average marched 0.8% higher to 51,632.1. Healthcare, real estate and consumer discretionary led the gainers. Among stocks with market capitalization exceeding $200 billion, as many as six of the top 10 were technology names, according to data compiled by Finviz. Oracle (ORCL) led the gainers in this mega-cap category, up 4.8%. In economic news, the University of Michigan's preliminary consumer sentiment index declined to 46.3 in October from 48.1 in September, versus the 47.6 expected in a Bloomberg-compiled survey. Respondents pegged one-year inflation expectations at 4.7%, up from 4.6% in the previous month, while the five-year figure increased to 3.5% from 3.4%. "Overall, sentiment for lower-income consumers and those with smaller stock portfolios dropped steeply this month, groups that have fewer resources to weather increases in prices," Michigan said. The CME FedWatch tool showed that the probability of the Federal Reserve leaving its target rate unchanged in October was 81% on Friday afternoon. However, the market sees a 71% likelihood that the Fed will raise its target rate by 25 basis points in December and assigns a 45% probability of another move higher of the same magnitude in March to ease inflation back to the Fed's 2% target. Term premium, or the extra payout for the risk of investing in 10-year Treasuries instead of just rolling over short-dated securities for the same amount of time, hit 1.2 percentage points this week, up from 0.68 percentage points a year ago, according to data compiled by Bloomberg. The move higher reflects concerns about th

Update: Equities Rise Intraday as Traders Parse Consumer Sentiment Survey

01:37 PM EDT, 10/09/2026 (MT Newswires) -- (Updates with latest market prices and developments.) US benchmark equity indexes were higher intraday as investors evaluated a survey on consumer sentiment. The Dow Jones Industrial Average was up 0.8% at 51,628.8 after midday Friday, while the Nasdaq Composite and the S&P 500 rose 0.6% each to 27,352.4 and 7,809.5, respectively. Barring communication services, all sectors were in the green, led by real estate. US consumer sentiment fell in October as the one- and five-year inflation expectations reached their highest levels since May, preliminary results of a University of Michigan survey showed Friday. "While year-ahead expectations for personal finances and business conditions crept up slightly, buying conditions for durables plummeted amid high prices and borrowing costs," Surveys of Consumers Director Joanne Hsu said. "Frustration over cost-of-living continues to mount, as consumers across the political spectrum believe that the trajectory of the economy has weakened since the beginning of the year." Markets are currently pricing in a nearly 81% probability that the Federal Reserve will keep its benchmark rate steady later this month, with the remaining odds in favor of a second consecutive 25-basis-point hike, as the central bank looks to tame inflation, according to the CME FedWatch tool. West Texas Intermediate crude was down 0.4% at $91.17 a barrel intraday, while Brent lost 0.5% to $103.81. The 10-year US Treasury yield was up 1.5 basis points at 5.25%, while the two-year rate increased 3.9 basis points to 4.8%. In company news, SpaceX (SPCX) shares were up 0.5%. The rocket and satellite company said late Thursday it agreed to acquire a nationwide low-band spectrum portfolio from investment firm Grain Management as it seeks to establish Starlink Mobile as a major US mobile carrier. T-Mobile US (TMUS) shares sank 13% intraday Friday, the worst performer on the S&P 500, followed by AT&T (T) and Verizon Communications (VZ), which fell 10% and 9.8%, respectively.

SpaceX's Low-Band Spectrum Deal Not Enough to Challenge Big Three Carriers, MoffettNathanson Says

01:30 PM EDT, 10/09/2026 (MT Newswires) -- SpaceX (SPCX) management is correct that low-band spectrum is necessary for coverage and in-building penetration, but the company remains far from having the assets needed to compete with the "Big Three" carriers, MoffettNathanson said Friday in a note. SpaceX would need to construct a terrestrial network to offer a competitive service, which would cost tens of billions of dollars and take many years to build, according to the note. MoffettNathanson said Starlink's only viable path to becoming a competitor to the big three carriers would be to secure a mobile virtual network operator agreement with one of them. Acquiring spectrum was Starlink's best option for gaining the negotiating leverage needed to secure such an agreement, the note added. None of the big three carriers intends to enable Starlink as a competitor by granting it an MVNO agreement, according to the brokerage. T-Mobile (TMUS), whose T-Satellite service is powered by Starlink, recently removed Starlink's name from its website and marketing materials, MoffettNathanson said. Telecom stocks fell sharply following the spectrum deal. However, the brokerage does not believe Starlink's direct-to-device service poses a material risk to Verizon (VZ), AT&T (T), or T-Mobile. Price: 162.11, Change: +1.54, Percent Change: +0.96

Top Midday Decliners

12:17 PM EDT, 10/09/2026 (MT Newswires) -- Verizon Communications (VZ), T-Mobile US (TMUS), and AT&T (T) shares fell after SpaceX's (SPCX) acquisition of low-band spectrum heightened concerns over growing competition from satellite-based mobile services. Verizon shares slumped nearly 10% as intraday trading volume soared to over 54 million from a daily average of about 21.8 million. T-Mobile shares sank past 12% as intraday trading volume soared to over 9 million from a daily average of roughly 4.6 million. AT&T shares dropped 10% as intraday trading volume jumped to over 87.5 million from a daily average of about 48.3 million. Alignment Healthcare (ALHC) expects the federal government to assign its California HMO plan, which provides health insurance to Medicare seniors, a lower star rating for 2027, it said late Thursday. Shares fell 14% as intraday trading volume surged to over 16.3 million from a daily average of about 7.5 million. Price: 41.28, Change: -4.37, Percent Change: -9.57

Top Midday Stories: Delta Shares Fall After Q3 EPS, Revenue Misses; Apple Reportedly Cuts iPhone 18 Pro Component Orders Due to Soft Demand

12:14 PM EDT, 10/09/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Friday, as tech stocks took a step up. In company news, Delta Air Lines (DAL) reported Q3 adjusted earnings Friday of $1.72 per diluted share, up from $1.70 a year earlier but below the FactSet consensus analyst estimate of $1.77. Total Q3 adjusted revenue was $17.59 billion, up from $15.20 billion a year ago but below the FactSet consensus of $17.65 billion. For 2026, Delta expects adjusted EPS of $5.10 to $5.60, down from its prior estimate of $6.50 to $7.50 and compared with the FactSet expectation of $5.51. For Q4, the company expects adjusted EPS of $1.15 to $1.65 and revenue growth of around 20%. Analysts expect non-GAAP EPS of $1.43 on revenue of $17.24 billion. Delta shares were down 1.9% around midday. Apple (AAPL) has asked some suppliers to cut production of components for its iPhone 18 Pro and Pro Max models, Nikkei Asia reported Friday, citing people familiar with the matter. October orders were down by at least 15% from initial requests amid rising memory chip costs and weaker demand, the report said. Apple shares were down 1.8%. SpaceX (SPCX) said Thursday it agreed to acquire a nationwide portfolio of licenses covering up to 14 megahertz of paired spectrum in the 800 MHz band to expand Starlink Mobile's coverage in the US. The move could put pressure on wireless carriers, according to media reports. SpaceX shares were up 1.6%, while shares of AT&T (T), Verizon Communications (VZ) and T-Mobile US (TMUS) were down 9.8%, 9.9% and 12.8%, respectively. Humana (HUM) said Friday that 95% of its Medicare Advantage members are enrolled in plans with ratings of at least four stars by the Centers for Medicare and Medicaid Services for 2027, which it called a "significant improvement." CVS Health's (CVS) Aetna said over 69% of its MA members are in 2027 plans rated four stars or higher, while Alignment Healthcare (ALHC) said six of seven eligible MA contracts earned at least four stars. Humana shares we

AT&T, Verizon, T-Mobile US Shares Fall After SpaceX Announces Spectrum Deal

11:56 AM EDT, 10/09/2026 (MT Newswires) -- AT&T (T), Verizon Communications (VZ), and T-Mobile US (TMUS) shares fell in Friday trading after SpaceX's (SPCX) deal to acquire a nationwide low-band spectrum license portfolio raised concerns over competition from satellite-based mobile services. SpaceX said the acquisition will expand Starlink Mobile's coverage in the US, improving connectivity in areas with weak signal. AT&T shares were down 10%, Verizon stock was 10.1% lower, and T-Mobile shares fell 12.8%, respectively, around midday Friday. Price: 22.12, Change: -2.47, Percent Change: -10.04

Update: Consumer Discretionary Helps Push US Equity Indexes Higher in Midday Trading

11:44 AM EDT, 10/09/2026 (MT Newswires) -- (Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.) US equity indexes rose, with consumer discretionary leading the sector charts in midday trading Friday. The Nasdaq Composite climbed 0.5% to 27,320.1, the S&P 500 advanced 0.5% to 7,801.2, and the Dow Jones Industrial Average marched 0.5% higher to 51,501.7. All sectors except communication services and consumer staples rose. Real estate was among the biggest gainers. In economic news, the University of Michigan's preliminary consumer sentiment index declined to 46.3 in October from 48.1 in September, versus the 47.6 expected in a Bloomberg-compiled survey. Respondents pegged one-year inflation expectations at 4.7%, up from 4.6% in the previous month, while five-year inflation expectations increased to 3.5% from 3.4%. Most Treasury yields rose around midday. The two-year jumped six basis points to 4.82%, the strongest level since about mid-2024. The 10-year rate climbed 4.3 basis points to 5.27%. Front-month US West Texas Intermediate crude oil contract edged up 0.2% to $91.70 per barrel, while global benchmark Brent climbed 0.2% to $104.45 per barrel. In company news, SpaceX (SPCX) shares rose 1.6% after the rocket and satellite company agreed to acquire a nationwide low-band spectrum portfolio from investment firm Grain Management as it seeks to establish Starlink Mobile as a major US mobile carrier. AT&T (T) shares slumped 6.8%, Verizon (VZ) dropped 5.2%, and T-Mobile US (TMUS) sank 9%. All three stocks were among the S&P 500's worst performers. Humana (HUM) shares surged 12%, among the S&P 500's top gainers, after the company affirmed its full-year 2026 guidance of at least $9 in adjusted earnings per common share.

BUZZ-US mobile base station operators' share prices soar after SpaceX acquires spectrum

On Friday, after SpaceX's SPCX.O completed a nationwide acquisition of low-frequency spectrum, shares of U.S. mobile tower operators surged, enabling Elon Musk's Starlink Mobile to challenge traditional wireless giants. Crown Castle (CCI.N) jumped 11.2% to $76.61, on track for its largest single-day gain since March 2020. American Tower (AMT.N) rose 7% to $178.34, poised for its biggest increase in two years, while SBA Communications (SBAC.O) climbed 6.2% to $180.58. Tower stocks rallied as investors bet SPCX’s ambitions in wireless service could drive new demand for terrestrial infrastructure, leading to sharp declines in the shares of telecom giants AT&T (T.N), Verizon (VZ.N), and T-Mobile US (TMUS.O). JPMorgan said the deal was “incrementally positive” for tower operators, noting it could require deploying towers, rooftop sites, and small cells, while broader urban competition would call for a significant boost in terrestrial infrastructure and spectrum. Amid these developments, CCI is down about 14% year-to-date, SBAC is down roughly 6.5%, and AMT is up nearly 2% in 2026. By comparison, the S&P 500 Real Estate Investment Trusts Index (.SPLRCREC) has gained about 6% so far this year.

SpaceX rises 3.3% and reaches an agreement to acquire a nationwide low-frequency spectrum portfolio.

SpaceX (SPCX.US) rose by 3.3% following news that the company has reached an agreement to acquire a nationwide low-band spectrum package. T-Mobile US (TMUS.US) declined by 9.6%, AT&T (T.US) fell by 8.2%, and Verizon (VZ.US) dropped by 6%.

AT&T Down Nearly 9%, on Pace for Largest Percent Decrease Since April 2023 -- Data Talk

AT&T Inc (T) is currently at $22.70, down $2.17 or 8.71% --Would be lowest close since July 21, 2026, when it closed at $22.26 --On pace for largest percent decrease since April 20, 2023, when it fell 10.41% --Snaps a three day winning streak --Down 6.56% this week; worst weekly performance since the week ending July 2, 2026, when it fell 9.42% --Down 6.95% month-to-date --Down 8.6% year-to-date; on pace for worst year since 2023, when it fell 8.85% --Down 49.2% from its all-time closing high of $44.70 on July 16, 1999 --Down 12.23% from 52 weeks ago (Oct. 10, 2025), when it closed at $25.87 --Down 21.98% from its 52-week closing high of $29.10 on March 27, 2026 --Up 10.86% from its 52-week closing low of $20.48 on July 1, 2026 --Traded as low as $22.12; lowest intraday level since July 21, 2026, when it hit $21.70 --Down 11.06% at today's intraday low; largest intraday percent decrease since July 22, 2002, when it fell as much as 14.54% --Second worst performer in the S&P 500 today --Most active stock in the S&P 500 today All data as of 9:41:21 AM ET Source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 09, 2026 09:43 ET (13:43 GMT)

U.S. Stock Market Unusual Movement: AT&T Plunges on October 9—SpaceX Spectrum Expansion, Competition Concerns, and Target Price Downgrade

Interpretation - What is the low-frequency spectrum obtained by SpaceX for Starlink Mobile?

Harshita Mary Varghese, Reuters, October 9 - SpaceX SPCX.O has agreed to acquire a portfolio of low-band spectrum licenses covering the entire United States, in a deal reportedly valued at $8 billion. The company is seeking to expand its business beyond satellite internet and become a major competitor in the U.S. mobile market. SpaceX revealed its plans to enter the mobile service sector during its first earnings call in August. This announcement briefly weighed on the company’s stock price, and shares of the three major U.S. wireless carriers—AT&T, T-Mobile, and Verizon—were also affected as investors assessed the potential competitive threat. What is low-band spectrum? Low-band spectrum refers to radio waves that travel further and penetrate buildings better compared to higher frequencies, making them suitable for wide-area mobile network coverage. In contrast, mid-band and high-band spectrums can transmit more data at faster speeds but have a smaller coverage area. SpaceX has agreed to purchase up to 14 MHz of paired 800 MHz low-band spectrum licenses from Grain Management and plans to develop a hybrid architecture for Starlink Mobile, combining terrestrial infrastructure with satellite connectivity. How is the U.S. spectrum licensing system structured? Commercial spectrum is a scarce resource in the U.S., regulated by the Federal Communications Commission (FCC), which typically allocates licenses for specific frequencies and geographic areas via auctions or other authorization processes. License holders must comply with technical rules and deployment requirements, and transfers of licenses usually require regulatory approval before obligations are fulfilled. The spectrum license deal recently struck by SpaceX is pending FCC approval. Which low-band spectrum do the three major carriers hold? AT&T’s low-band spectrum includes the 700 MHz and 850 MHz bands, as well as 600 MHz spectrum licenses acquired this July through the purchase of EchoStar. Verizon holds spectrum in the 700 MHz and 850 MHz bands, while T-Mobile’s low-band holdings include 600 MHz and 700 MHz spectrum. What are the plans for STARLINK MOBILE? The company plans to integrate these spectrum licenses into its next-generation satellite system, while also deploying terrestrial radio equipment and antennas on communication towers and rooftops. The FCC this week approved Starlink Mobile’s application for its second-generation (Gen2) satellite constellation, authorizing SpaceX to launch 15,000 satellites globally optimized for the 2 GHz spectrum.

Stocks Rise Pre-Bell Following Tech Selloff

07:48 AM EDT, 10/09/2026 (MT Newswires) -- The benchmark US stock measures pointed higher before the open Friday following a selloff in technology shares in the previous session, while investors await major earnings reports scheduled for next week. The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.2%, and the Nasdaq 100 rose 0.8% in premarket activity. The S&P 500 and Nasdaq Composite closed the previous trading session down for the second straight day, while the Dow finished green. Major technology stocks fell Thursday following a report from the Financial Times that OpenAI's annualized revenue stood at roughly $50 billion in September, below prior investor estimates of $70 billion. Nvidia (NVDA) closed Thursday down 2.9%, while Oracle (ORCL), Micron Technology (MU) and Broadcom (AVGO) fell 5.5%, 4.8% and 4.4%, respectively. Nvidia and Micron rebounded in Friday's premarket trading as Bloomberg reported that OpenAI expects to reach or exceed $70 billion in annualized revenue by year-end, citing people familiar with the matter. Wall Street's banking heavyweights, including JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS), Wells Fargo (WFC) and Citigroup (C), are expected to release their third-quarter results next week, along with major healthcare corporations such as Johnson & Johnson (JNJ) and UnitedHealth (UNH). Investors will also be eyeing fresh inflation data due next week, including September consumer price index and wholesale producer price data. Treasury yields were trending higher early Friday, with the two-year rate inclining 3.3 basis points to 4.79% and the 10-year rate gaining 2.2 basis points to 5.26%. In a social media post on Thursday, President Donald Trump said the US won't be launching strikes against Iran at any time before the mid-term elections next month. Trump added that his administration is having "productive discussions" with Tehran. Trump's post comes after NBC News reported earlier in the week that Trump and his national security

Updated: SpaceX spectrum trading triggers industry shock, US and European telecom stocks decline

In early trading of the S&P 500 index components, T-Mobile and Verizon led the declines as the European telecom sector fell to its lowest point since January. According to an updated report with stock price data and charts by Rashika Singh from Reuters on October 9, U.S. and European telecom stocks dropped sharply on Friday amid growing concerns about intensified competition in satellite mobile services after SpaceX’s acquisition of low-band spectrum. T-Mobile US, Verizon, and AT&T saw pre-market losses ranging from 5.5% to 7.4%, while the STOXX Europe 600 Telecommunications Index fell over 2% to its lowest level since January 30. Among the largest European telecom operators by market value, Deutsche Telekom dropped 6.5%, Vodafone decreased by 4.1%, Orange fell by 2.3%, and Telefónica dipped 3.9%. The stock declines followed reports (link) that SpaceX agreed to acquire a nationwide 800 MHz spectrum portfolio from private equity firm Grain Management for approximately $8 billion. This move bolsters SpaceX’s ambitions in satellite-to-cellular network connectivity. Analysts at Morgan Stanley commented, “We believe the Grain deal clearly indicates that SpaceX will pursue a more aggressive approach in spectrum acquisitions,” adding that any threat to existing operators would likely emerge gradually, starting with rural markets. Compared to higher-frequency radio waves, low-band spectrum travels longer distances and more effectively penetrates buildings and obstacles, which may facilitate SpaceX in advancing its Starlink Mobile service. Although financial terms were not disclosed by the parties, The Wall Street Journal cited sources valuing the deal at $8 billion. SpaceX shares rose 4% following the announcement, though the transaction is still subject to regulatory approval. [Chart link: https://www.reuters.com/graphics/BRV-BRV/lbvgxnzxepq/chart.png] Communications tower stocks bucked the sector-wide sell-off, as investors bet that SpaceX’s wireless ambitions would ultimately drive demand for more ground infrastructure. American Tower, Crown Castle, and SBA Communications saw gains between 6.7% and 8.3%. Morgan Stanley noted the deal is a “marginal positive” for communications tower operators, pointing out that even satellite-dominated networks may require the deployment of towers, rooftop and small cell sites, and that broader urban competition would necessitate substantial ground-based infrastructure and spectrum resources. (Reuters provides automated translations of its reports in several other languages for the benefit of non-English readers. Automated translations may be inaccurate or lack necessary context, and Reuters does not guarantee the accuracy of translated texts. Automated translations are provided for convenience only, and Reuters is not liable for any damage or loss caused by the use of automated translation services.)

AT&T to Offer New iPhone Model Starting Oct. 23

07:39 AM EDT, 10/09/2026 (MT Newswires) -- AT&T (T) said Friday it will offer Apple's (AAPL) new iPhone Duo, with pre-orders starting Oct. 16 and general availability beginning Oct. 23. The company said new and existing customers can get up to $1,200 off with eligible trade-ins. AT&T said customers can pair the device with its Unlimited Your Way plans, which offer unlimited talk, text, and data in the U.S., Canada, and Mexico, along with 5G access and mobile security features.

SpaceX to Acquire Low-Band Spectrum Portfolio From Grain Management in Mobile Connectivity Push

06:50 AM EDT, 10/09/2026 (MT Newswires) -- SpaceX (SPCX) shares rose early Friday after the rocket and satellite company agreed to acquire a nationwide low-band spectrum portfolio from investment firm Grain Management as it seeks to establish Starlink Mobile as a major US mobile carrier. SpaceX will buy Grain Management's entire portfolio of up to 14 megahertz of paired spectrum in the 800 MHz band, the companies said in separate statements late Thursday. The deal is subject to the Federal Communications Commission's approval and other customary closing conditions. SpaceX's stock gained 3.7% in the most recent premarket activity. The companies did not disclose the financial terms, and neither immediately responded to MT Newswires' request for comment on the reported transaction value. SpaceX will pay about $8 billion in cash for the assets, The Wall Street Journal reported Thursday, citing people familiar with the matter. Grain Management, which specializes in digital infrastructure, acquired the 800 MHz spectrum portfolio from T-Mobile US (TMUS) in August in exchange for $2.9 billion in cash and all of Grain's 600 MHz spectrum licenses. "This prime low-band spectrum addresses one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the US," SpaceX said in its statement. Following regulatory approval, SpaceX intends to combine its satellite-to-mobile constellation in space with a terrestrial deployment that will enable Starlink Mobile's signals and services to reach customers from both the ground and space, according to the companies. SpaceX said most existing mobile devices already support the band. "Our spectrum expertise allows us to connect the strategic value of these assets with the technologies and operators that can realize their potential," Grain Management Chief Executive David Grain said in a separate statement. "This agreement with SpaceX brings that capability to bear at extraordinary scale." Shares of Verizon Communications (VZ), AT&T (T)

AT&T INC. <T.N>: SCOTIABANK CUTS TARGET PRICE TO $26.5 FROM $27.5

AT&T INC. : SCOTIABANK CUTS TARGET PRICE TO $26.5 FROM $27.5

Starlink Targets the US Mobile Communication Market, SpaceX (SPCX.US) Opens New Growth Opportunities: Wall Street Focuses on the Reshaping of the Telecom Industry Landscape

Combining the existing satellite capacity, SpaceX is supplementing its capabilities to upgrade from “occasional emergency connectivity” to “daily mobile service.” The satellite network provides wide-area coverage and fills ground blind spots, while low-frequency terrestrial networks improve connectivity inside buildings and in environments with complex obstructions. The two form a complement to each other.

The Decisive Significance of Next Week's U.S. CPI: Will the Federal Reserve Hold Off on Raising Interest Rates in October?

Barclays and Morgan Stanley both expect the month-on-month increase in core CPI for September to slow from 0.29% in August to 0.24%, mainly due to a decline in the price increase of wireless communication services. Energy is driving overall inflation, but the marginal core pressure is easing, providing justification for the Federal Reserve to keep rates unchanged in October.

SpaceX's Mobile Network Expansion Won't Hurt Incumbents in Near Term - Market Talk -- Market Talk

0914 GMT - Space X's accelerated efforts to build a mobile network won't pose a near-term risk to U.S. incumbents, JPMorgan's Sebastiano Petti writes. The Elon Musk-run company agreed to buy cellular spectrum licenses from investment firm Grain Management, a significant move into the wireless service market. However, risk to established players is limited given the time and capital expenditure SpaceX needs to become more competitive, the analysts says. However, sentiment could turn against incumbents as investors adjust to the presence of a new entrant, Petti adds. Telecoms shares fall sharply in the U.S. premarket and Europe. T-Mobile shares drop 6.9% premarket, while Verizon and AT&T drop 5.8% and 6.5%, respectively. In Europe, Deutsche Telekom shares drop 7.6%. (josephmichael.stonor@wsj.com) (END) Dow Jones Newswires October 09, 2026 05:15 ET (09:15 GMT)

BUZZ-U.S. telecom stocks fall after SpaceX reaches spectrum agreement

October 9th - SpaceX (SPCX.O) has reached an agreement to acquire a portfolio of nationwide low-frequency spectrum licenses, enabling Starlink Mobile to become a major telecom operator in the US, causing a pre-market decline in US telecom stocks. T-Mobile (TMUS.O) shares fell by 6.3%, AT&T by 5.7%, and Verizon (VZ.N) by 5.1%. According to The Wall Street Journal, citing sources familiar with the matter, SPCX will pay about 8 billion USD in cash to the seller, private equity firm Grain Management, to acquire the asset. The financial terms of the agreement have not yet been disclosed by either party. This deal increases competition for traditional carriers, transforming satellite direct-to-device technology from a supplementary safety feature for remote signal dead zones into a full-fledged commercial competitor replacing terrestrial cellular networks. "Although the three major carriers (T, TMUS, VZ) face a more concrete competitive threat due to their weak performance among high-speed data users (HSDs), this is not entirely unexpected and will most likely begin in rural areas," said Morgan Stanley. So far this year, TMUS is down 15.6%, VZ is up 13.7%, and T is slightly up. European telecom stocks were also impacted, including Germany’s Deutsche Telekom (DTEGn.DE). (To facilitate non-English-speaking users, Reuters automates its reports into several other languages. As automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translations, which are provided solely for reader convenience. Reuters assumes no liability for any harm or loss arising from use of this automated translation feature.)

Elon Musk says the 800MHz band trade is an earthquake, three major telecom stocks plummet after hours

Elon Musk announced that SpaceX has obtained the 800MHz frequency band, calling it an industry earthquake. This move caused the stocks of telecom giants such as AT&T and Verizon to plummet significantly after hours, while SpaceX’s share price rose against the trend. The market is concerned that satellite mobile communications will disrupt the traditional landscape.

Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0629 GMT - Semiconductor companies are set to voice confidence during the upcoming earnings season despite concerns over the sustainability of AI infrastructure spending, Bernstein analysts say in a research note. AI investments are now so massive and are approaching major and hard limits that can't be simply explained by supply and demand, they say. Rising borrowing costs, increasing safety and environmental concerns as well as regulatory guardrails could trigger a deceleration in semiconductor demand. However, signals from the upstream semiconductor supply chain continue to point to unabated AI demand and continued shortage, they say. Bernstein still holds a positive view on the upcoming earnings results and outlooks offered as some of the concerns above have been priced in the recent correction. (sherry.qin@wsj.com) 0305 GMT - Taiwan Semiconductor Manufacturing Co.'s revenue is likely to be driven by continued growth in AI demand and resilient high-end smatphone demand, Bernstein says. TSMC's 3Q revenue at 1.49 trillion New Taiwan dollars, calculated based on its monthly revenue, is 3% above the market consensus, Bernstein analysts say. The firm expects TSMC's revenue in U.S. dollar terms to increase 41% this year. Investors will be focusing on TSMC's 2-nanometer production increase, potential further expansion in the U.S. and its 2027 outlook when the chip maker announces its full 3Q earnings Thursday, the analysts say. Bernstein sees an upside risk to its current projection that TSMC's revenue will grow 30% annually in 2027 and 2028. Shares are 1.35% lower at NT$2,550.00. (sherry.qin@wsj.com) 0214 GMT - Selected mobile stocks, particularly those offering attractive dividend yields, could recover over the next 12 months as uncertainty over the companies' financial impact from their stakes in Malaysia's state-backed 5G infrastructure firm Digital Nasional eases, Mayban

SpaceX Acquires Low-Frequency Spectrum with Massive Investment, Enters Mobile Operator Market; US Telecom Stocks Plummet

SpaceX announced the acquisition of 800MHz low-band spectrum covering the entire U.S. and has been authorized by the FCC to deploy 15,000 direct-to-cell satellites, officially declaring its independent entry into the U.S. mobile carrier market. Following the news, AT&T, T-Mobile, and Verizon all fell by more than 6% after hours. With $93.5 billion in cash and 12 million Starlink subscribers, Elon Musk is using this "final piece of the puzzle" to reshape the competitive landscape of the entire telecommunications industry.

Market Chatter: Trump Disclosed 517 Securities Transactions in August, Including Up to $25 Million Meta Purchase

07:12 PM EDT, 10/08/2026 (MT Newswires) -- President Donald Trump disclosed 517 securities transactions in August, including a purchase of up to $25 million in Meta stock and an investment of up to $5 million in SpaceX debt two days before he signed a policy to expand U.S. commercial space transportation, CNBC reported Thursday, citing a newly released financial disclosure. The transactions totaled roughly $74.3 million to $273.3 million, according to a CNBC analysis. Purchases accounted for at least $44.2 million and sales at least $30.1 million. The largest transaction was an Aug. 21 purchase of between $5 million and $25 million in Meta shares, the report said. Trump also bought between $1 million and $5 million each of AT&T, ConocoPhillips, Abbott Laboratories, Netflix and Chevron that day. On Aug. 21, he sold between $1 million and $5 million each of Advanced Micro Devices and Church & Dwight, along with stakes worth between $500,001 and $1 million in companies including Boeing, Home Depot, T-Mobile, Datadog, Dell Technologies, Palo Alto Networks and Nvidia, according to the report. Trading slowed from June and July, when he disclosed more than 1,000 transactions in each month, the report said. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)