Premarket, AT&T, Verizon and T-Mobile fell more than 3% following reports that SpaceX was exploring a nationwide wireless-carrier initiative, while Crown Castle and American Tower rallied on potential infrastructure opportunities. Today's economic catalysts include October flash manufacturing and services PMIs at 9:45 AM ET and final University of Michigan Consumer Sentiment and inflation expectations at 10:00 AM ET. Earnings include American Express and SLB, following Thursday's results from Procter & Gamble, Western Digital and Lockheed Martin. The Federal Reserve remains in its pre-meeting blackout period ahead of the October 27–28 FOMC meeting. AI spending concerns, oil prices, Treasury yields, inflation expectations and corporate earnings remain the primary drivers heading into the weekend. 23-OCT-2026 06:52 AM ET