News · riotimesonline.com

Nasdaq Drops 2 . 6 % as Gold Falls and Fed Hike Looms | Global Economy , Oct 23

The Nasdaq Composite fell 2.60% to 26,009 and the S&P 500 lost 1.21% to 7,663, with technology shares leading the decline, while the Dow edged up 0.02% to 52,868. Gold dropped 2.47% to US$4,024 an ounce as the 10-year Treasury yield fell 17 basis points to 4.957%, and the VIX jumped 14.09% to 19.03. Markets expect the Fed to hold at 3.75%–4.00% at its October 27–28 meeting, though Goldman Sachs and J.P. Morgan forecast a quarter-point rise in December, and Polymarket traders put a 93.5% chance on no change. French 10-year borrowing costs closed above 5% on October 21 and 22 (5.08% on Thursday), the highest close since July 2002, while Moody's was scheduled to review France's Aa3 rating today.

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NasdaqgoldFedinterest ratesbonds

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Related tickers and likely impact

QQQ

▼ Likely negative

Invesco QQQ Trust

Relevance: high

MarketUS stocks
SectorETF
Close on 10/22/2026704.59
Change that session-2.84%
QQQ price, forecasts and signals →

NVDA

▼ Likely negative

Nvidia

Relevance: high

MarketUS stocks
SectorInformation Technology
IndustrySemiconductors
Market cap$5.2T
Close on 10/22/2026212.28
Change that session-4.36%
NVDA price, forecasts and signals →

SPY

▼ Likely negative

SPDR S&P 500 ETF

Relevance: high

MarketUS stocks
SectorETF
Close on 10/22/2026764.02
Change that session-1.17%
SPY price, forecasts and signals →

AAPL

▼ Likely negative

Apple Inc.

Relevance: high

MarketUS stocks
SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
Market cap$5.0T
Close on 10/22/2026348.32
Change that session+1.26%
AAPL price, forecasts and signals →

AMZN

▼ Likely negative

Amazon

Relevance: high

MarketUS stocks
SectorConsumer Discretionary
IndustryBroadline Retail
Market cap$2.7T
Close on 10/22/2026250.49
Change that session-4.53%
AMZN price, forecasts and signals →

DXY

▲ Likely positive

Relevance: high

MarketCurrencies
Close on 10/22/2026101.62
Change that session-0.07%
DXY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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