According to CoinMeta, today's stock market performed strongly, with the S&P 500 index rising by 0.29% to 7,787.71 points, the Nasdaq Composite Index rising by 0.55% to 27,342.93 points, and the Dow Jones Industrial Average rising by 0.13% to 51,298.96 points. As oil prices fell, tech stocks recovered somewhat, but telecom stocks were hit hard due to concerns about new competition from SpaceX. SpaceX announced a $8 billion acquisition deal for national wireless spectrum, which caused a significant drop in the stock prices of T-Mobile, Verizon, and AT &T. Meanwhile, consumer confidence surveys show that U.S. consumer confidence dropped to 46.3 in October, lower than 48.1 in September, reflecting ongoing concerns about inflation and the economy.