The artificial-intelligence trade is under pressure, with CNN’s “Fear & Greed” index signaling fear. The yield on the 10-year Treasury note just recorded its biggest one-day drop since the collapse of Silicon Valley Bank.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on MarketWatch ↗
Keywords
AI investmentbondsS&P 500tech stocks
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- S & P 500 , Nasdaq end sharply lower as revived AI doubts ignite tech selloff
The S&P 500 ended deep in negative territory, while the tech-heavy Nasdaq fell 2.6%, dragged by chipmakers, as renewed doubts about AI spending hit the sector after earnings reports. Meta slid 7.0% despite beating expectations, after posting its first cash outflow in over a decade due to AI-related expenditures, while Tesla fell 3.1% even though it posted positive free cash flow. The Philadelphia SE Semiconductor Index plunged 6.7%, though it remains up 51.5% this year. Crude prices hit a five-month high after Iran-backed Houthis launched new strikes on Saudi targets, and markets are pricing in a chance the Fed raises its policy rate by another 25 basis points before year-end. Meanwhile, 83% of the 111 S&P 500 companies that have reported beat analyst expectations.
- The S & P 500 Is Just Shy of a Record With 10 Weeks Left in the Year . Here What History Says Could Happen Next .
The S&P 500 closed at 7,757.17 on Oct. 21, about 0.8% below its record close of 7,818.93 on Oct. 6, and is up roughly 13% in 2026 despite the Federal Reserve's September rate increase, its first in over three years. Since 1928, the index has been within 1% of a record on Oct. 21 in 16 years, and all 16 set a new record close before year-end. In two of them (1964 and 1968), the index finished below its Oct. 21 level, and the median year gained around 4%. The author calls the small sample a limit, not a forecast of a big year-end gain, and flags risks including the 10-year Treasury yield topping 5.3% and a rally driven by a narrow group of AI stocks.
- Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them
Brent crude rose 2.6% to $111.66 a barrel, its highest in five months, as AI-linked stocks slid and pulled the Nasdaq down 1.5% and the S&P 500 down 0.8% by mid-morning in New York. Asian markets also fell sharply, with South Korea's Kospi down 3.52%, Japan's Nikkei 225 down 2.65% and Hong Kong's Hang Seng down 3.03%, while China's CSI 300 entered a bear market. Nvidia fell 2.3% and Meta dropped 5.8% after its profit missed forecasts. The 10-year Treasury yield rose to 5.03% from 3.97% before the Iran war, ahead of the Fed's Oct. 28 decision. Citadel founder Ken Griffin said investors are 'almost certainly' in an AI bubble, though he did not tell them to sell.
- Inflation jumps , stocks dump
Inflation data for September came in hotter than expected, with producer prices up 1.3% from the previous month, the biggest gain in four years, and annual CPI inflation at 3.7%, driven by higher gas and diesel prices tied to the war on Iran. The bigger blow came from AI financing worries, as some second- and third-tier AI firms have spent or borrowed 3 or 4 times their annual cash flow, pulling the tech index down almost 4% and the S&P 500 with it. The S&P 500 still finished the week down less than 1.5%, helped by a sharp fall in Treasury yields, which the author partly attributes to hedge funds, now at least 12% of Treasury trading. He warns that weak AI earnings in third-quarter reports and oil near $100 a barrel could pressure stocks before the midterms.
- Markets today : AI stocks keep falling , but U . S . indexes stay records
Wall Street steadied Thursday after a worldwide sell-off in AI stocks: the S&P 500 erased its early loss to gain 0.1% and nearly reached last week's record, the Nasdaq fell 0.4%, and the Dow Jones rose 482 points (0.9%) as of 11:45 a.m. Eastern. Wednesday's AI sell-off had pushed South Korea's Kospi down 7.6% and Japan's Nikkei 225 down 4.9%, amid worries over debt-funded spending on data centers and AI chips as bond yields hit multi-year highs. CoreWeave fell another 3.5% after dropping 15.5% the day before, with $4.41 billion in principal payments due in the second half of this year and $6.18 billion in 2027, against more than $5.5 billion in cash as of June 30, while Nvidia fell 2% and was the heaviest drag on the S&P 500. The 10-year Treasury yield eased to 5.09% from 5.19%, after topping 5.30% earlier this month, and 7 of 10 S&P 500 stocks rose.
- US stock indexes off to mixed start as tech sector weighs on market
US stocks fell Friday as a broad tech sell-off pushed the S&P 500 down 1.1% to 7,659.44 and the Nasdaq down 2.1% to 26,140.03, capping the market's worst week since late June. Chipmakers led the decline, with Micron, AMD, Broadcom and Intel falling 4.5% to 6%, as investors worry about how long the AI spending boom will last and whether tech firms can keep borrowing. The 10-year Treasury yield eased to 5.09% from 5.10%, after topping 5.30% earlier this month, while CME data showed traders see a 74.3% chance of a Fed rate hike in December, up from 50.2% a month earlier. Brent crude rose 3.7% to $109.86 a barrel as the Iran war and concerns over the Strait of Hormuz kept supply under pressure.
Related markets
Latest news
- Financial System Report (October 2026)
The Bank of Japan's October 2026 Financial System Report assesses that the system remains broadly stable: banks have enough capital and stable funding to withstand a global financial crisis-level stress or a compound shock of higher oil prices, weaker AI expectations and a sharp rise in interest rates. Close monitoring is warranted for the Middle East, the profitability and financing of AI investment, and foreign non-bank financial intermediaries (NBFIs). Stock prices remain above trend, though P/E ratios are broadly around their average levels since 2008 as expected earnings rise. Longer term, declining loan demand from population decline could weaken bank profits and loss-absorbing capacity, raising the risk of either contraction or overheating in lending. The report also examines the effects of energy and raw material prices and rate hikes on SMEs and households, and cybersecurity threats from frontier AI.
- If the AI Bubble Bursts, These Stocks Will Be Winners
AI-linked stocks fell again: CoreWeave dropped to its lowest level since shortly after its IPO as its bond yields reached as high as 15%, the Nasdaq Composite fell 2.6% on Thursday, and Meta tumbled 7% despite strong earnings after posting its first quarter of negative free cash flow in its history amid surging AI infrastructure spending. The 10-year yield fell 3.8% to 4.95%, its first time below 5% in a month, and is down 7% over two weeks, which may reflect a shift from stocks into bonds. Homebuilder stocks rose, with the State Street SPDR S&P Homebuilders ETF (XHB) up 3.8%, and Pool Corporation, RH, and Lennar gaining 14.4%, 9.5%, and 9%. Investors now see a 93% chance the Fed holds rates at 375-400 basis points, after weak September jobs growth and cooler-than-expected August PCE inflation. The author sees this as another sign that investors are looking for the next set of winners after AI.
- Alkane Resources - Quarterly Report - September 2026
Alkane Resources' quarterly report for the September 2026 quarter (Q1 FY27) shows gold-equivalent production of 40,740 AuEq oz at an AISC of $2,805/AuEq oz, with mine operating cash flow of $102 million and gold-equivalent sales of 38,348 oz generating $206 million in revenue at an average gold price of $5,128/oz. The company reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce. Cash, bullion and listed investments totalled $459 million after $13 million in income tax payments, with final FY26 income tax payments of $55-60 million expected in the December quarter. Alkane paid its maiden fully franked dividend of 2 cents per share and approved a $50 million buyback in September 2026. CEO Nic Earner said AISC came in below the full-year cost guidance range.
- SSI forecasts when PNJ's profit will return to the VND 1,000 billion mark
SSI forecasts PNJ's net revenue at VND 39,100 billion in 2026, VND 43,400 billion in 2027 and VND 57,700 billion in 2029, while after-tax profit is forecast at minus VND 6,300 billion in 2026, rising to VND 1,200 billion in 2028. The company holds large inventory, with diamonds making up 52%, and may need to set aside additional provisions for inventory write-downs if gold prices fall. Under SSI's estimated scenario, PNJ's additional repurchase obligation could be about VND 16,800 billion; to ease short-term liquidity pressure, the company plans to issue up to 550 million shares to raise VND 8,000 billion. Preliminary Q3/2026 results show a net loss of VND 258 billion, compared with a profit of VND 496 billion a year earlier. SSI continues to keep PNJ's stock at “Under review”.
- Ethereum delays Glamsterdam Hoodi testnet launch over security risks
Ethereum has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for Oct. 26, so developers can examine how EIP-8037 and EIP-8038 interact with deployed smart contracts. ChainSecurity warned that the two proposals could weaken safeguards against insufficient gas griefing, potentially letting contracts permanently record failed operations and blocking otherwise valid user actions. The firm said it identified 13 real-world examples of potentially affected contracts and is coordinating responsible disclosure with the projects involved, without naming them. Security researcher pcaversaccio called the risks “serious” in an Oct. 21 GitHub comment and urged a reassessment of the hard fork. The mainnet timeline, which developers had been considering for early December, is now uncertain.
- Proposed 0.2% tax on idle land and land left unused or slow to be put to use
On the morning of October 23, the National Assembly heard the government's proposal and the review report on draft amendments to several tax laws, including the Law on Non-Agricultural Land Use Tax. The government proposes a 0.2% tax rate, with no area limit, for idle land and land that is not or is slowly being put to use, to institutionalize Resolution 21-NQ/TW. The Economic and Financial Committee agrees in principle but says the proposal conflicts with the current law, which applies 0.15% to unused land, and with the draft amended Land Law. It warns of possible double financial obligations for investment projects that leave land unused or slow to use it, and asks the drafting agency to clarify the basis, timeline and relationship with land use fees and land rental payments.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.