Technology shares dragged markets lower in Asia and the U.S. on Thursday as oil climbed to a five-month high, raising inflation risks for energy-importing economies. The S&P 500 fell 1.3%, the Nasdaq Composite dropped 2.4%, the Dow Jones slipped 0.1%, and in Asia Kospi lost 3.5%, Hang Seng 3% and Nikkei 225 2.7%. Investors doubted whether returns from AI projects would justify spending on data centers and chips. Brent rose 2.9% to $111.99 a barrel. Meta reported third-quarter revenue of $64.6 billion, up 26%, and projected 2026 capital expenditures of $135 billion to $145 billion, yet its shares fell 7.4%, while Tesla slipped 2.1% after its results. The U.S. State Department ordered nonemergency staff and their families to leave Saudi Arabia, citing Houthi attacks, and markets are watching the Federal Reserve's decision next week.
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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% |
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% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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