Corporate Earnings:

SpaceX reported strong Q3 2026 results with revenue surging 161% year-over-year to $14.58 billion (beating estimates of $12.87 billion) and net income hitting $4.40 billion, driven by $7.56 billion in AI revenue and $5.25 billion in connectivity revenue.
Netflix also posted Q3 earnings with EPS of $0.87 (topping the $0.82 estimate) on revenue of $12.87 billion, while updating full-year revenue growth guidance to 13%.

Anthropic Expansion & Massive Compute Commitments:

A leaked draft IPO prospectus for Anthropic revealed rapid revenue growth alongside a massive net loss exceeding $80 billion in the first half of the year (largely due to accounting adjustments for financing).
The filings and recent Wall Street Journal reports show that the AI giant faces towering infrastructure costs, with plans to spend up to $750 billion on computing capacity over the next few years, including a $111 billion Google Cloud deal, a $31 billion Microsoft cloud deal, up to $86 billion renting Nvidia chips, and total cloud agreements projected around $450 billion over the next 7 to 10 years.

US Secretary of Defense Hegseth confirmed he visited US troops in Israel. Meanwhile, Iranian Major General Yazidi asserted that operational control of the Strait of Hormuz is held by the Iranian Armed Forces, and reports noted a Qatar delegation arrived in Tehran.

President Trump held a White House press conference where he addressed the war in Ukraine—stating that Russia wants to conclude the conflict and that he wants President Zelenskyy to make a deal—and noted that he asked Putin to free Hubbard. He also declined to comment on Hegseth's conversation with Israeli Prime Minister Netanyahu.
Boeing secured US approval for the largest variant of the 737 MAX, and CBC reported that no Canada-US trade deal is expected before the midterms.

Closing market imbalances showed minor negative pressure across major indexes (S&P 500 at -$392 million and Nasdaq 100 at -$424 million, offset by Mag 7 at +$117 million).
Brent Crude futures settled down 0.69% at $108.79/bbl,