THE WIRE
As seen on the 24/7 Wall St. homepage on October 1, 2026.
Just sold the last of the Nvidia, Alphabet and Microsoft positions.
Related Market Updates
Regular session
$729.05
-4.89%
open $766.53
A 4.89% slide to $729.05 takes roughly $3.6 billion off the biotech's market value in one session. Moves this size are rare for a $73.7 billion name, and the close is what matters now.
Microsoft priced its new streaming transcription model at a premium to ElevenLabs and Deepgram at $6.50 per 1,000 minutes, a sign the enterprise AI audio race is not yet a pure price war.
MAI-Transcribe-2-Streaming is available for $0.54 per hour for streaming, equivalent to $9.00 per 1,000 minutes of audio, level with Gemini 3.5 Transcribe Live at $9 and above the $6.50 charged for ElevenLabs Scribe v2 Realtime and Deepgram Flux, more than twice Cartesia Ink-2 at https://t.co/kyPb1zdD9s
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Microsoft taking the top speech-to-text benchmark spot with its own in-house model is one more piece of the stack it no longer needs OpenAI for.
Microsoft AI has released MAI-Transcribe-2-Streaming, taking the #1 spot for Final Transcript accuracy and First Partial Transcript accuracy on AA-WER Streaming with 2.5% WER at 0.13s after end of speech MAI-Transcribe-2-Streaming is @MicrosoftAI's new streaming Speech to Text https://t.co/Hv45RkabDB
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MIDDAY
U.S. Markets
- S&P 500-0.19%
- Dow Jones Industrial Average-0.53%
- Nasdaq Composite-0.18%
The Dow's 268-point midday slide is nearly triple the S&P 500's percentage decline, so the damage is concentrated in old-economy blue chips. Index-level calm is hiding where money is actually leaving.
CLOSING BELL
Europe
- 🇬🇧 FTSE 100-2.13%
- 🇩🇪 DAX-1.46%
- 🇫🇷 CAC 40-2.18%
US investors with European exposure start tomorrow in a hole after a near-300 point day on the FTSE, with London off 2.13%. Paris and Frankfurt fell alongside it.
The two largest US carriers are now both on SpaceX satellite Wi-Fi, locking in Starlink as the default aviation connectivity provider ahead of any SpaceX listing.
Both @United and @AmericanAir have @Starlink! https://t.co/7EfINWq1nU
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Regular session
$411.10
+4.57%
open $393.13
A 4.57% intraday gain to $411.10 is a big single session for a $115 billion refiner, adding billions in market value before lunch. Whether it holds into the close is the thing to watch.
Winners in Turkey's liquidating funds would hand back gains to cover $20 billion of other investors' losses, a precedent that turns realized profits into a pool regulators can redistribute.
Turkey wants investors who made a lot of money in market to gift excessive returns to the other investors who lost $20b in funds w ponzi like schemes that are being liquidated. Wow. https://t.co/Aw7RVn6DJQ
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Regular session
$12.80
-9.48%
open $14.14
A 9.5% slide to $12.80 is a double-digit-scale day for a seed and crop protection name that rarely trades like this. At an $8.5 billion market cap, that is real value off the table in a single session.
Gainers
Losers
Accenture opened 22% higher, a move you almost never see from a mega-cap IT services name, while Corteva dropped 82% to $13.96 at the other end of the board. Synopsys, McKesson and IBM round out a gainers list that is all up at least 5.9%.
A brokerage of Schwab's size dual listing on the Texas Stock Exchange turns Y'all Street from a novelty into a listings threat NYSE and Nasdaq have to answer.
CHOOSIN' TEXAS: Schwab to dual list on the new Texas stock exchange, which has also drawn a few ETFs with more to come I'm sure.. (now the song is stuck in my head, but that's ok, I really like it, even if it isn't my preferred genre) https://t.co/JPLF5DMgqI
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Leveraged index exposure without the daily-reset decay is the pitch, and it arrives as a single bet on the S&P 500 reaching 10,000 by January 2030.
The Roundhill S&P 500 Target 10,000 2030 ETF $XX is launching today, which buys long dated call options targeting a strike price for SPX of 10,000 in Jan 2030. The idea being a way to provide long-term leverage to SPX without the vol drag from daily resetting. https://t.co/LYx2IJOUbI
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