Stock Market Recap — Oct 10, 2026
Riyadh airport shuts after missile strike
An attack on Saudi transport infrastructure increased regional disruption risks, while financing strains challenged the AI investment outlook. Weaker Chinese auto demand added pressure on manufacturers, although potential trade relief offered a counterweight for European producers. Russia’s move to restore some diesel exports provided a separate supply offset. • Saudi Security: Riyadh airport suspended operations after a missile hit Terminal 3, diverting or cancelling inbound flights. Trump said Washington would consider joining Saudi strikes against the Houthis, increasing escalation risk. • AI Financing: Global AI-related debt issuance fell to $23 billion in September, nearly half August’s level; Morgan Stanley primarily blamed heavy earlier borrowing. Oracle’s $18 billion Project Jupiter loans faced electricity-access difficulties and a force majeure notice. Nvidia- and Blackstone-backed Firmus cancelled its $31 billion listing. • China Autos: Passenger-vehicle retail sales fell 24% in September. China and EU officials agreed in principle to more than halve Chinese hybrid exports to Europe, potentially easing competition for European manufacturers. • Diesel Supply: Russia authorized 500,000 metric tons of exports, but contracts still required negotiation. • Jefferies Credit: A Jefferies-run fund alleged falsification across nearly $900 million of receivables transactions. Counterparties denied wrongdoing.
Intraday Updates
- 07:00 ET: AI borrowing slows as China car sales slump (50 stories)
- 16:59 ET: Riyadh airport shuts after missile strike (51 stories)