Market update for October 7, 2026 Limited Time Promo: Sign up for a Public account, deposit $1,000 and get $100 in free stock (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Why the S&amp;P&#x27;s latest record isn&#x27;t as healthy as it looks SpaceX&#x27;s push to raise $40B in debt, and why its bondholders are nervous Uber&#x27;s $2.3B bet on workplace catering with ezCater The growing pressure on Mattel to consider a sale Why Constellation Brands fell despite beating earnings expectations What Anthropic CEO Dario Amodei earned in 2025, and how it stacks up against other CEOs

SpaceX in Talks to Borrow $40B to Buy Nvidia Chips, Uber Gets Into the Catering Business

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Wednesday, October 7th. In today's episode, we'll tell you about a concerning trend in the S&P 500 despite hitting record highs. We'll also break down SpaceX's plans to borrow $40 billion to buy Nvidia chips and why Uber is spending $2.3 billion to get into the catering business.

Then stick around to the end of the show to find out how much Anthropic CEO made last year and why it might be less than you think. We got a great show for you today. Let's go. The stock market rally continued on Tuesday with the S&P 500 climbing 0.6% while the NASDAQ jumped by 0.5%, both indices closing at record highs. This was the S&P's first record high since early August.

Tech has been the engine driving this rally, but the rally is starting to broaden out a bit, kind of. 10 of the 11 sectors were in the green yesterday with utilities being the best performer. Utilities got a boost from Constellation Energy jumping 12% after their nuclear deal with Google. And then Vistra also jumped 11% as well. We actually covered both those companies on yesterday's show, so go check that out if you missed it. But yeah, it seems like investors are piling into power companies as another way to play the AI boom because data centers need a ton of electricity.

Like I said, the rally is broadening out, but it's going into companies that sell electricity to AI companies. If you zoom out, though, it's not a very balanced picture. According to the Wall Street Journal, fewer than half of the S&P 500 stocks closed above their 200-day moving average on Tuesday.

SpaceX in Talks to Borrow $40B to Buy Nvidia Chips, Uber Gets Into the Catering Business

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SpaceX in Talks to Borrow $40B to Buy Nvidia Chips, Uber Gets Into the Catering Business

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.