U.S. stocks ended lower Friday as tech shares sold off sharply and crude oil surged after renewed strikes around the Strait of Hormuz. The Dow fell 0.34% to 52,002.41, the S&P 500 lost 1.09% to 7,659.44, and the Nasdaq Composite dropped 2.15% to 26,140.03. Technology and communication services led the declines, while energy gained 2.47%. Brent touched $109.86 a barrel and WTI settled at $101.41. Fed Chair Kevin Warsh gave no forward guidance on rates, and CME FedWatch odds of an October hike fell to 17% from 28% the day before. The Nasdaq lost 4.5% for the week, its worst performance since late June.
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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 10/16/2026 | 214.13 |
| Change that session | -1.43% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.80 |
| Change that session | -2.50% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.25 |
| Change that session | -1.11% |
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/16/2026 | 343.46 |
| Change that session | +0.43% |
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/16/2026 | 250.00 |
| Change that session | -1.87% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/16/2026 | 340.59 |
| Change that session | -2.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Seoul shares fell sharply late Tuesday morning as a sell-off in major chip stocks, driven by concerns over AI-related investments, deepened losses. The KOSPI dropped 136.06 points, or 2.36%, to 5,631.95 at 11:20 a.m., after touching an intraday low of 5,493.24. Samsung Electronics fell 1.03% and SK hynix dropped 2.74%, while Samsung Electro-Mechanics rose 2.48%. The won traded at 1,327.6 per U.S. dollar. In the U.S., tech shares rebounded from their steepest weekly drop since June, with the Nasdaq Composite gaining 1.11%, but investors remain cautious ahead of earnings from Tesla and Meta Platforms and the Nov. 3 U.S. midterm elections.
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- Asian shares mostly decline after AI stocks lead a rebound on Wall Street – Winnipeg Free Press
Asian shares were mostly lower in cautious trading on Tuesday as AI-related stocks rebounded on Wall Street while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, South Korea's Kospi dropped 2.8% to 5,605.31, and Hong Kong's Hang Seng slipped nearly 1.0% to 23,947.37. The S&P 500 rose 0.4% to 7,690.73 after its worst week since June, the Nasdaq gained 1.1%, and the Dow Jones dipped 0.1% to 51,966.03. The 10-year Treasury yield climbed to 5.14%, benchmark U.S. crude rose to $103.50 a barrel and Brent to $109.47, while uncertainty persists over when the war with Iran will let the energy industry return to normal.
- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
World shares mostly rose Friday after a tech sell-off hit Asian markets the previous day, with South Korea's Kospi up 2.1% to 5,668.05 after a 7.6% drop and Japan's Nikkei 225 gaining 1.4%. Indonesia's Jakarta Composite plunged more than 11%, its largest single-day fall since 1998, after MSCI warned it could downgrade the country from emerging-market status, raising concerns about capital flight. Fed chair Kevin Warsh said AI could be the most consequential change to the U.S. and global economies in his lifetime. Oil stayed elevated amid the Iran war, with Brent falling 0.6% to $105.26 per barrel versus around $72 in late February, and U.S. crude down 0.9% to $97.11. The euro rose to $1.1255 and the dollar slipped to 157.96 yen.
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Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
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