My top 10 things to watch Wednesday, Oct. 9
1. The S&P 500 is little changed a day after a nearly 1% bounce-back rally. Tuesday’s gains for the market were driven, in part, by a pullback in oil prices, which had been climbing on Mideast tensions. Crude was modestly lower Wednesday morning.
2. The Justice Department is considering asking a federal court to break up Google. The DOJ announcement late Tuesday follows an August ruling that deemed the Alphabet-owned search giant a “monopolist.” I’m not a fan of DOJ’s proposed remedies. They seem overly punitive and designed to hobble the company. We own Alphabet in the Club portfolio.
3. Tesla holds its long-awaited robotaxi event Thursday evening. I think this will be big. Tesla’s presentation will also cast a spotlight on the broader state of autonomous vehicles. Currently, Alphabet’s Waymo is the only commercial robotaxi service operating in the U.S.
