The global tech selloff eased after fears over the vast funding needs of AI hit Wall Street and triggered the biggest rally in US Treasuries in more than three years. Brent oil, however, hit a new five-month high of $115 a barrel after Houthi attacks on Saudi Arabia and reports that the US and Israel had drawn up plans for renewed strikes on Iran after the US midterm elections. European natural gas prices climbed another 4% and were almost 30% higher so far this month. The Nasdaq had tumbled 2.6% on Thursday, its biggest slump since June, while the Philadelphia SE Semiconductor Index plunged almost 7%. Japan's Nikkei ended its week down over 4%, while mainland China's CSI300 rose 1.7% after hitting its lowest level since July 2025.
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oil pricesNasdaqtech stocksartificial intelligencegeopolitics
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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