- Nasdaq and S&P 500 hit record highs on Tuesday.
- OpenAI annualized revenue reported at $50 billion, below prior $70 billion estimate.
- OpenAI expects to reach $70 billion by year-end per Bloomberg.
- Brazil first-round election: Bolsonaro 47%, Lula 45%; runoff Oct. 25.
- Lumentum CEO: optical components sold out through early 2029.
- Nasdaq and S&P 500 hit record highs Tuesday but gave back gains as OpenAI revenue report raised AI demand concerns. Small-cap Russell 2000 fell to 200-day line. Delta Air Lines missed Q3 estimates on fuel costs, cut guidance. Brazil stocks surged on election results. Other movers: Lumentum sold out through 2029, Penguin Solutions smashed estimates, C.H. Robinson to buy RXO.
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