Wall Street fell as AI stocks slid and oil hit its highest level since May on worries about the war with Iran, with the S&P 500 down 1.3%, the Nasdaq composite down 2.4% and the Dow down 0.1%. Australian futures pointed to a 19-point (0.2%) loss at the open after the ASX lost 0.4% on Thursday. Concerns about the cost of borrowing to build data centres and buy AI chips weighed on the sector: Lam Research fell 11.1% despite profit and revenue beating expectations, after a 52.4% gain so far this year, while Meta lost 7.4% despite stronger-than-expected revenue, and Nvidia fell 4.3% and CoreWeave 9.6%. Brent crude rose 2.9% to $111.99 a barrel, while the 10-year Treasury yield fell to 4.98% from 5.13% as investors sought safer assets.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.20 |
| Change that session | +1.05% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.09 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Asian shares were mostly lower in cautious trading on Tuesday as AI-related stocks rebounded on Wall Street while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, South Korea's Kospi dropped 2.8% to 5,605.31, and Hong Kong's Hang Seng slipped nearly 1.0% to 23,947.37. The S&P 500 rose 0.4% to 7,690.73 after its worst week since June, the Nasdaq gained 1.1%, and the Dow Jones dipped 0.1% to 51,966.03. The 10-year Treasury yield climbed to 5.14%, benchmark U.S. crude rose to $103.50 a barrel and Brent to $109.47, while uncertainty persists over when the war with Iran will let the energy industry return to normal.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street – Winnipeg Free Press
Asian shares were mostly lower in cautious trading on Tuesday as AI-related stocks rebounded on Wall Street while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, South Korea's Kospi dropped 2.8% to 5,605.31, and Hong Kong's Hang Seng slipped nearly 1.0% to 23,947.37. The S&P 500 rose 0.4% to 7,690.73 after its worst week since June, the Nasdaq gained 1.1%, and the Dow Jones dipped 0.1% to 51,966.03. The 10-year Treasury yield climbed to 5.14%, benchmark U.S. crude rose to $103.50 a barrel and Brent to $109.47, while uncertainty persists over when the war with Iran will let the energy industry return to normal.
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