U.S. stocks ended mixed on Thursday as renewed concerns over AI company spending hit tech shares: the Dow Jones Industrial Average rose 11.89 points (0.02%) to 52,867.98, while the S&P 500 sank 93.74 points (1.21%) to 7,663.43 and the Nasdaq Composite shed 694 points (2.6%) to 26,008.86. Meta Platforms fell about 7% despite third-quarter revenue of $64.6 billion, up 26% year over year, while Tesla dropped over 3% despite beating earnings expectations and SpaceX tumbled over 9%. Chip stocks were hammered, with the Philadelphia Semiconductor Index down nearly 6% and Lam Research falling 11.76% after warning of supply-chain constraints. Brent crude settled up 4% at $113.17 a barrel, its highest since May, on Houthi attacks on Saudi targets and reports that the U.S. and Israel are planning strikes on Iran after the Nov. 3 midterm elections, while the 10-year Treasury yield fell more than 17 basis points to 4.957%. Jobless claims fell by 6,000 to a seasonally adjusted 194,000, near 57-year lows, and the Federal Reserve's Oct. 27-28 meeting is largely expected to hold rates steady.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
MSFT
▼ Likely negativeMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/22/2026 | 521.58 |
| Change that session | -2.13% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| 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.
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