US stocks fell Friday as a broad tech sell-off pushed the market to its worst week since late June, with the S&P 500 down 1.1% and the Nasdaq down 2.1%. Chipmakers led losses, with Micron down 5.6% and Intel down 5.8%, as investors worry tech companies may struggle to keep borrowing and spending heavily on AI with bond yields at multiyear highs. The 10-year Treasury yield slipped to 5.09% but remains near its highest level since 2002. According to CME Group, the odds of a Fed rate hike in December have jumped to 74.3%. Brent crude rose 3.7% to $109.86 a barrel as oil supply stays under pressure without a US-Iran deal to end the war.
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Original headline: US markets are weighed down by an extended sell - off in the tech sector
Read the original on manilatimes.net ↗
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tech stocksWall StreetNasdaqUS
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
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 | 343.47 |
| 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 | 249.94 |
| Change that session | -1.89% |
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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