Riyadh Airport Strike Kills 12; Trump Weighs Joining Houthi Fight
U.S. stock markets are closed for the weekend. Trading resumes Monday at 9:30 a.m. ET (4:30 p.m. in Istanbul), while the bond market stays shut for Columbus Day.
A missile struck King Khalid International Airport in Riyadh on Saturday afternoon. Saudi Arabia's civil aviation authority said 12 people were killed and 309 wounded, including one U.S. citizen among the dead. It was the third attack on the airport in a week.
What is new is Washington's stance. Trump said the U.S. is weighing whether to join Saudi strikes on the Houthis: "We may. We're gonna look at it."
For oil, the geography matters. Tanker attacks in the Strait of Hormuz continue, and the Bab el-Mandeb Strait at the mouth of the Red Sea is now contested too. Yemen's government says it has taken the strait; the Houthis say they still control it.
The weekend's tech story came from Nvidia. The Financial Times reported that it is in talks to buy Reflection AI, an open-weight model developer, or to deepen its investment. Reflection was valued at more than $25B in March; Reuters could not verify the report.
In the last session (Friday, October 9), the S&P 500 rose 0.6%, the Nasdaq 100 0.5%, the Dow 0.9% and the . As of Friday's close, the stood near 5.24% and Brent near $103; the dollar index close could not be confirmed. The Riyadh strike came after Friday's close, so these prices do not reflect it.
