U.S. stocks closed mixed as concerns over AI spending pulled tech shares lower. The Nasdaq Composite fell 694 points, or 2.6%, and the S&P 500 lost 93.74 points, or 1.21%, while the Dow Jones gained 11.89 points, or 0.02%. The 10-year Treasury yield dropped more than 17 basis points to 4.957%, while Brent crude settled up 4% at $113.17 a barrel amid escalating Middle East tensions. Meta Platforms sank about 7% despite third-quarter revenue of $64.6 billion, up 26% from a year earlier, and Tesla and SpaceX also declined. The Philadelphia Semiconductor Index plunged nearly 6%, with Lam Research down 11.76% after warning of supply-chain delays, while GE Vernova fell 10.64% as worries over AI financing grew.
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AI investmentoil pricessemiconductorsNasdaqbonds
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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% |
META
▼ Likely negativeMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
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% |
AMZN
▼ Likely negativeAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/22/2026 | 250.49 |
| Change that session | -4.53% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/22/2026 | 324.21 |
| Change that session | -3.15% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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