U.S. stocks closed lower on Friday: the S&P 500 (SPY) fell 0.52% and the Dow Jones Industrial Average (DIA) dropped 1.23%, while the Nasdaq 100 (QQQ) was flat after a partial chip-stock recovery offset Thursday's 2.9% drop. Pressure came from WTI crude, which rose more than 2% amid risks of Houthi attacks on Saudi Arabia and possible renewed US and Israeli strikes on Iran, along with doubts over whether AI can generate sustainable profits. The 10-year breakeven inflation rate rose 0.8 basis points to 2.348%. Meta slipped a further 0.5% after its 7.0% loss on Thursday, while Norwegian Cruise Line fell more than 3% after JPMorgan downgraded it to underweight from neutral and cut its price target to $11 from $13. SLB gained more than 7% after reporting above-consensus earnings.
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| 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.
Related news
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U.S. stocks fell again on Friday as investors feared a renewed breakout in the Israel-U.S. war on Iran, which is now expected after the midterm elections. The S&P 500 closed at 7,623.63, down 0.52%, the Dow Jones Industrial Average dropped 653.95 points (1.24%) to 52,214.03, and the Nasdaq Composite slipped 0.21% to 25,955.34. Industrial stocks bore the brunt of the selling, while tech stocks posted modest losses. The U.S. dollar strengthened against most major currencies except the Australian and Canadian dollars, with EUR-USD at 1.1195, while most Canadian and European markets closed lower and Asian indices were mixed.
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U.S. stocks fell again on Friday as investors feared a renewed breakout in the Israel-U.S. war on Iran, which is now expected after the midterm elections. The S&P 500 closed at 7,623.63, down 0.52%, the Dow Jones Industrial Average dropped 653.95 points (1.24%) to 52,214.03, and the Nasdaq Composite slipped 0.21% to 25,955.34. Industrial stocks bore the brunt of the selling, while tech stocks posted modest losses. The U.S. dollar strengthened against most major currencies except the Australian and Canadian dollars, with EUR-USD at 1.1195, while most Canadian and European markets closed lower and Asian indices were mixed.
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