Global stocks edged lower after a tech-led selloff, while the dollar was on track for its first weekly decline after four weeks of gains. Concerns over higher rates and AI-related financing hit technology and chip stocks, with the S&P 500 down 0.61% and the Nasdaq down 1.3%. CoreWeave shares dropped 9% on the day and were set for a near 23% weekly loss. Indonesian equities had their biggest drop since 1998 after MSCI said the country no longer merited emerging-market status. Brent rose 0.85% to $106.83 a barrel amid attacks around the Strait of Hormuz, and gold gained 0.17% to about $4,177.14 an ounce.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: International Business : Global stocks edge lower as dollar heads for weekly loss
Read the original on gdnonline.com ↗
Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
EUR/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Global stocks slipped modestly on Friday as markets steadied after a tech-led selloff, with the S&P 500 down 1.09%, the Nasdaq Composite down 2.1%, and the Dow down 0.34%, while European indexes gained, with the STOXX 600 up 0.72%. Investor worries over higher interest rates and debt-funded AI infrastructure drove the tech and chip selloff during the week, and CoreWeave lost about 25% this week. The dollar index fell 0.26% and was on track for its first weekly decline after four weeks of gains. Elsewhere, Indonesian equities suffered their biggest drop since 1998 after MSCI said the country no longer merited emerging-market status, while Brent crude rose 3.72% to settle at $109.86 a barrel.
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