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.
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- 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.
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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 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.
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- 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 escalation 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, said investors had been shifting from tech and data center stocks to safe assets, though some tech companies had posted good earnings. The S&P 500 closed at 7,623.63, down 0.52%; the Dow Jones fell 653.95 points, or 1.24%, to 52,214.03; and the NASDAQ Composite slipped 0.21% to 25,955.34. The U.S. dollar strengthened against most major currencies except the Australian and Canadian dollars, while most global markets ended lower and Taiwan's index dropped 1.81%.
- U . S . stocks flounder Friday , Dow takes biggest hit with +600 points slide
U.S. stocks slipped again on Friday as investors worried that the Israel-U.S. war on Iran could flare up again after the midterm elections. Industrial stocks took the heaviest selling, while tech shares fell more modestly. The S&P 500 closed at 7,623.63, down 0.52%; the Dow Jones Industrial Average fell 653.95 points to 52,214.03, a 1.24% drop; and the NASDAQ Composite slid 0.21% to 25,955.34. The dollar gained against most major currencies, while markets in Canada, the UK and much of Europe closed lower and several Asian indices rose.
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