U.S. stocks closed mostly lower as Brent crude futures for December delivery settled up 3.14% at 116.72 U.S. dollars a barrel, their highest since the end of April, amid fears of escalating Middle East conflict. The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16, the S&P 500 lost 0.52% to 7,623.68, and the Nasdaq Composite slipped 0.21%, though technology shares rebounded. Investor concerns were fuelled by reports that the U.S. and Israel have drawn up plans to strike Iran after the Nov. 3 midterm elections, and by reports of vessels attacked in the Gulf and the Strait of Hormuz. American Express fell 3.68% despite record third-quarter revenue of 20.06 billion dollars, while AT&T and T-Mobile each dropped about 8% on reports that SpaceX is seeking cell-tower sites to build a nationwide wireless carrier. S&P Global's flash U.S. composite PMI slipped to 57.6 in October from 58.4, and the University of Michigan's consumer sentiment index held at 48.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on iranherald.com ↗
Keywords
Wall Streetoil pricesS&P 500geopolitics
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 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- U . S . stocks flounder Friday , Dow takes biggest hit with +600 points slide
U.S. stocks fell again on Friday as investors feared a renewed Israel-U.S. war on Iran, now expected after the midterm elections. The S&P 500 closed at 7,623.63, down 0.52%, while the Dow Jones Industrial Average dropped 653.95 points to 52,214.03 (-1.24%), the steepest percentage decline in the group, and the Nasdaq Composite slipped 0.21%. Industrial stocks bore most of the selling, while tech stocks posted modest losses. Portfolio manager Jed Ellerbroek of Argent Capital Management said investors had been shifting from tech and data center stocks to safe assets, with emotion and fear playing a big role. The U.S. dollar strengthened against most major currencies except the Australian and Canadian dollars, with EUR-USD at 1.1195, while most world stock markets closed lower.
- Wall Street dives ahead of weekend , Dow dips more than 600 points
U.S. stocks fell again on Friday as investors feared a renewed Israel-U.S. war on Iran, now expected after the midterm elections. The S&P 500 closed at 7,623.63, down 0.52%, while the Dow Jones Industrial Average dropped 653.95 points to 52,214.03 (-1.24%), the steepest percentage decline in the group, and the Nasdaq Composite slipped 0.21%. Industrial stocks bore most of the selling, while tech stocks posted modest losses. Portfolio manager Jed Ellerbroek of Argent Capital Management said investors had been shifting from tech and data center stocks to safe assets, with emotion and fear playing a big role. The U.S. dollar strengthened against most major currencies except the Australian and Canadian dollars, with EUR-USD at 1.1195, while most world stock markets closed lower.
- U . S . stocks flounder Friday , Dow takes biggest hit with +600 points slide
U.S. stocks fell again on Friday as investors worried about a possible renewed outbreak of the Israel-U.S. war on Iran, now expected after the midterm elections. Industrial stocks bore the brunt of the selling, while tech stocks posted only modest losses. Jed Ellerbroek, portfolio manager at Argent Capital Management, told CNBC that investors had been moving from tech and data center stocks into safer assets for two weeks, and that emotion and fear played a major role, though some tech companies had reported good earnings. The S&P 500 closed at 7,623.63, down 39.80 points (0.52%), the Dow Jones Industrial Average fell 653.95 points to 52,214.03 (1.24%), and the NASDAQ Composite slipped 53.52 points to 25,955.34 (0.21%). Canadian, UK and European markets also closed lower, while Asian indices were mixed, and the U.S. dollar strengthened against most major currencies except the Australian and Canadian dollars.
- U.S. stocks flounder Friday, Dow takes biggest hit with +600 points slide
U.S. stocks fell again on Friday as investors feared a renewed breakout of the Israel-U.S. war on Iran, now expected after the midterm elections. Industrial stocks bore the brunt of the selling, while tech stocks had modest losses. The S&P 500 closed at 7,623.63, down 39.80 points (0.52%), and the Dow Jones fell 653.95 points (1.24%) to 52,214.03. The Nasdaq Composite slipped 53.52 points (0.21%) to 25,955.34. A portfolio manager at Argent Capital Management said emotion and fear played a big role, though some tech companies' earnings had been good.
- U . S . stocks join global retreat as war drums start beating again
- Markets Worry About AI Valuations , Geopolitics
Global markets were weighed down by worries over the AI trade, the simmering Middle East conflict and rising crude prices, along with debt stress and political unrest in Europe. Crude oil rallied more than 1% amid escalating Houthi attacks on Saudi targets, with Brent at $114.46 and WTI at $101.09, while gold fell 0.60% to $4,036.12. The DJIA was down 0.56% at 52,571.60 and the S&P 500 down 0.17% at 7,650.60, with Wall Street futures retreating and major European benchmarks in the red. The US 10-year yield stood at 4.978%.
Related markets
Latest news
- Apple's new hardware push is meeting AI-worried investors at the right moment
Apple is pushing its hardware lineup to reclaim the title of the most valuable company on the stock market, briefly succeeding on Friday. The campaign, led by new CEO John Ternus, marks a shift from predecessor Tim Cook's services-first strategy and comes as the AI trade loses steam. Investor concerns over AI financing were renewed this week by Meta's off-balance-sheet spending plans of $825 billion and Tesla's estimated $100 billion chip plant, while SK Hynix paused a spin-off IPO and the 10-year Treasury yield pushed back under 5%. The new iPhone Duo launched Friday.
- Trump threatens new 'Epic Fury' military campaign against Iran
U.S. President Donald Trump on October 23 threatened a further military campaign against Iran as Washington pulls diplomatic staff and troops out of the Middle East. The State Department is cutting staff at 4 more embassies in the region, while the Pentagon is reportedly moving troops from bases in Jordan, Qatar and Kuwait. According to reports, the Pentagon has presented Trump with new strike options against nuclear sites, underground military facilities and strategic islands, including Kharg, though U.S. officials deny the staff cuts are linked to attack preparations. Trump pledged no new attacks before the November 3 midterm elections but did not rule out using military force if Tehran refuses Washington's demands.
- Chief Accountant Hid Stock Trading for Nearly 14 Years
The State Securities Commission has announced fines totaling 450 million VND for two executives of CMH Vietnam Group Joint Stock Corporation (CMS): Deputy General Director Trần Văn Trung and Chief Accountant Đinh Thị Thủy, 225 million VND each. Both were found to have traded CMS shares through securities accounts registered in others' names, concealing their true ownership and evading information disclosure obligations. Trung's violation period lasted over 1.5 years, while Thủy's lasted nearly 14 years. The penalty decisions took effect on October 20, 2026.
- History Says Nvidia Rarely Trades This Cheaply. Here's What Happened the Last Time.
Nvidia shares trade at 23 times fiscal 2027 earnings, below the five-year average forward earnings multiple of 33.4 according to Morningstar, and have risen 19% in 2026 versus 62% for the PHLX Semiconductor index. First-half fiscal 2027 revenue rose 96% year over year to $177.8 billion, while non-GAAP earnings per share climbed 130% to $4.09. The 12-month median price target is $320, about 44% above current levels. The author outlines a scenario in which, at 30 times earnings at the end of fiscal 2029 and EPS of $21.34, the stock could reach $640. The last time Nvidia's forward earnings multiple was below 20 was at the end of 2018, when it stood at 18.7.
- Prediction: Here’s Where SpaceX Stock Will Trade on Its 1-Year IPO Anniversary
SpaceX’s IPO on June 12, 2026, was the largest in stock market history, and its shares trade near the IPO price nearly five months later. Key events before June 12, 2027 include quarterly earnings, a full 180-day lockup expiring on Dec. 8, 2026, and Elon Musk being able to sell his 6.4 billion shares on June 12, 2027. Musk has said SpaceX and Tesla are exploring a merger, though not a done deal, and SpaceX could be eligible for S&P 500 inclusion in mid-2027 if it shows profitability. The author outlines a bull case of $220–$240, a base case of $165–$185 and a bear case of $90–$110, and predicts about $200 on June 12, 2027. The consensus 12-month price target is $240.
- I'm Calling It: Bloom Energy Will Be the Biggest Winner of the AI Power Crunch for 1 Reason
The author argues Bloom Energy (BE) will benefit most from AI’s power shortage because its solid oxide fuel cells can bring data centers online in about three months without grid connections, unlike utility hookups that can take years. Bloom crossed $1 billion in revenue in the second quarter, up 166% year over year, and holds about $2.7 billion in cash. Management raised full-year revenue guidance to $3.9 billion–$4.2 billion, nearly double 2025 levels. Shares have risen more than 150% year to date and trade at 357 times trailing earnings, which the author believes is justified by the improving balance sheet and steady demand for fast power.
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.