Live: Wall Street rebounds after semiconductor rout, OpenAI files to list

Wall Street markets have rebounded after yesterday's semiconductor rout, while artificial intelligence giant OpenAI has filed to become a public company.

Follow the day's financial news and insights from our specialist business reporters on our live blog.

Disclaimer: this blog is not intended as investment advice.

Pinned

Tue 9 Jun 2026 at 7:43am

Tue 9 Jun 2026 at 7:43am

Market snapshot

By Daniel Ziffer

ASX 200 futures: +0.3% to 8,533 points

Australian dollar: Flat at 70.45 US cents

Dow Jones: -0.2% to 50,786 points

S&P 500: +0.3% to 7,405 points

Nasdaq: +0.9% to 25,929 points

FTSE: +0.1% to 10,373 points

EuroStoxx: -0.2% to 621 points

Spot gold: Flat to $US4,328/ounce

Brent crude: -1% to $US94/barrel

Iron ore: -1.7% to $US102.00/tonne

Bitcoin: +0.7% to $US63,729

Prices current around 7:45am AEDT.

Live updates on the major ASX indices:

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Key Event

Tue 9 Jun 2026 at 8:13am

Tue 9 Jun 2026 at 8:13am

OpenAI files for US IPO after Anthropic

By Stephanie Chalmers

ChatGPT-maker OpenAI confidentially filed for a US initial public offering on Monday (US time), joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom.

OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet ​been determined.

"It may be a while because there are things we want to do that are likely easier as a private company," it said ‌in a statement.

Reuters had reported that the AI giant is targeting a valuation of up to $US1 trillion ($1.4 trillion) in a stock market debut that could come as early as September.

At that valuation, OpenAI would set the stage for a trio of trillion-dollar valuation companies debuting rapidly and is seen as the most consequential test of investor appetite for high-growth technology stocks in the recent decade.

Elon Musk's SpaceX was the first off ​the block, filing for an IPO that would rank as the largest in history if completed, with the company pursuing a $US75 billion offering at a $US1.75 trillion ​valuation.

On prediction markets, where traders wager on the outcome of future events, most participants had expected OpenAI to file for an IPO ⁠before Anthropic.

Reuters

Tue 9 Jun 2026 at 7:44am

Tue 9 Jun 2026 at 7:44am

Wait, is that even a start?

By Daniel Ziffer

Can we have started the business blog without a GIF of a mascot falling over?

I think not.

Key Event

Tue 9 Jun 2026 at 7:39am

Tue 9 Jun 2026 at 7:39am

Let's get going

By Daniel Ziffer

Hello, I'm Daniel Ziffer from the ABC business team and I'll be taking you through the morning on our business, finance and economics blog.

Overnight, Wall Street indices were mixed.

The blue-chip Dow Jones of 30 mega-companies like Boeing and Visa was -0.2% to 50,786 points.

The broader S&P 500 that covers 500 of the largest listed companies in the US +0.3% to 7,405 points.

The tech-heavy Nasdaq was +0.9% to 25,929 points, after falling more than -4% in trading yesterday.

These numbers are live, and trading is continuing. We'll update you when there’s a firm closing price.

Our market is set to lift, with the ASX 200 futures index tipping a rise of +0.3% of 23 points to 8,533 points.

There's lots to get to, all of it news, analysis and information and none of it financial advice.

Let's get started!