Wall Street climbs as oil slips; SpaceX spectrum deal weighs on telecoms

US stock indices edged higher on Friday as oil prices retreated on easing Middle East supply concerns, though telecom shares remained under pressure after SpaceX's spectrum acquisition raised competitive concerns across the sector.

Oct 11, 2026 - 03:00
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Wall Street climbs as oil slips; SpaceX spectrum deal weighs on telecoms
US stock indices edged higher on Friday as oil prices retreated on easing Middle East supply concerns, though telecom shares remained under pressure after SpaceX's spectrum acquisition raised competitive concerns across the sector.

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