US stocks fell sharply on October 16 as technology and chip stocks faced heavy selling, amid concerns about the sustainability of AI investment, rising oil prices and interest rate pressure. The Nasdaq Composite dropped 2.1% (572.99 points) to 26,140.03, the S&P 500 fell 1.1% to 7,659.44, and the Dow Jones Industrial Average slipped 0.3% to 52,002.41. CoreWeave, Broadcom, Micron (down 5.6%) and Intel (down 5.8%) were among the hardest hit, while the Russell 2000 fell 1.7%. Higher oil prices and fears of persistent inflation raised the prospect that the Fed could keep rates high, increasing borrowing costs for companies building AI infrastructure. For the week, the Nasdaq lost 4.5% and the S&P 500 fell 1.9%, while the Dow rose 0.7%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chứng khoán Mỹ chịu áp lực bán tháo, Nasdaq giảm sâu
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| 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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- S & P 500 , Nasdaq rise as AI stocks rebound and oil prices ease ahead of major US company earnings this week
The S&P 500 and Nasdaq Composite rose on Monday as AI-related stocks rebounded from the prior week's sharp fall, when both indexes posted their biggest weekly declines since late June. Investors had worried that higher interest rates could make funding AI infrastructure and data centers more expensive, and lower oil prices, with Brent near $108 a barrel after a 1.3% drop, added support. Chip stocks recovered, with Broadcom up 2.2%, Micron up 4.3% and the Philadelphia Semiconductor Index on track to end an eight-day losing streak. Goldman Sachs upgraded CoreWeave to “buy”, though the stock had fallen more than 25% the prior week amid concerns about its $50 billion debt load. Investors are now focused on earnings from Meta and Tesla on Wednesday and SpaceX on Tuesday.
- S & P 500 , Nasdaq set to open higher as AI stocks rebound ahead of earnings rush
The S&P 500 rose 0.57% to 7,702.77 and the Nasdaq Composite gained 0.98% to 26,395.287 at the open on Monday, rebounding from last week's sharp AI-led selloff. The Dow Jones Industrial Average slipped 0.05% to 51,978.58. Falling oil prices added support ahead of key earnings reports this week.
- Wall Street tumbles as worries about AI trade and high oil prices weigh
The Nasdaq was on track for a weekly loss of over 4%, with CoreWeave down 12% on the day and about 25% over five sessions, and Broadcom down 3.6%. Concerns center on debt-heavy AI infrastructure firms that may not turn profits in time to repay borrowings, especially as borrowing costs are expected to rise. Oil jumped more than 3% on Middle East supply worries, while the S&P 500 fell 1.22% to 7,649.71 points, set for its steepest weekly loss since January, and the Nasdaq dropped 2.19% to 26,128.13 points. Hotter-than-expected inflation reports have reinforced expectations that the Fed will hold rates this month, while Barclays expects 25-basis-point hikes in December and January.
- US Stock Futures Rise Ahead of Busy Earnings Week: Markets Wrap
US stock futures rose and oil edged lower as traders prepared for a busy earnings week, with more than 70 S&P 500 companies reporting, including Tesla and Meta. The S&P 500 fell 1.1% on Friday, its worst week since June, while the VIX jumped to a four-month high as tech shares slumped. Brent crude fell 0.7% to near $110 a barrel, adding to inflation worries and complicating the outlook for interest rates ahead of the Federal Reserve's Oct. 28 decision. Investors are watching whether heavy AI infrastructure spending will deliver adequate returns, while geopolitical risks rise amid strained US-Ukraine relations. Analysts describe a period of heightened uncertainty, with Asia especially exposed to chips, higher yields and energy prices.
- Stock Market Today: Dow Firm, Nasdaq Rallies; Amazon Surges As These Stocks Test Entries (Live Coverage)
- Stock Market Midday, Oct. 19: Tech Stocks Rebound as AI Confidence Returns
As of 11:34 AM ET, the S&P 500 is up 0.85% at 7,725 and the Nasdaq Composite has risen 1.67% to 26,576 as growth stocks rebound from their worst week since June. The Dow Jones is up 0.15% at 52,094. Gold has fallen 0.51% to $4,145.56, while the 10-Year Treasury yield has gained 3 basis points to 5.13%. Sandisk (+7.4%) and Micron Technology (+4.7%) rose on a shift in memory sentiment, Intel climbed after a JPMorgan upgrade, and Amazon.com gained after Morgan Stanley raised its price target and named it a top pick. Real estate and consumer defensive stocks posted the biggest losses, while U.S. homebuilder confidence fell to a 14-year low and violent protests in France and Italy weighed on European equities.
Related markets
Latest news
- Anthropic Gives 5% of Itself to the Public. Musk Answers by Giving Away SpaceX Shares
Anthropic will commit 5% of its shares to a new Public Benefit Fund, subject to stockholder approval, and says roughly 20% of its stock will go to public causes once co-founder and employee pledges are counted. Elon Musk responded by promising one SpaceX share to every U.S. child next year, a giveaway worth more than $10 billion at current prices. The fund follows a draft AI safety bill Anthropic pitched to lawmakers, which would let the government block models posing a risk of killing or injuring more than 50 people or causing over $1 billion in damage. Anthropic is preparing an IPO as soon as November at a reported valuation of around $2 trillion, which would put its 5% stake at about $100 billion on paper rather than in cash. The fund is a wholly owned LLC rather than a nonprofit, and it cannot be used for lobbying or political donations.
- Power company announces an important decision
CTCP Nhiệt điện Quảng Ninh (QTP) says its board approved the EPC contract for package 05 of its flue gas treatment upgrade project, signed with the SEC-Pacific joint venture of Shanghai Electric Group and CTCP Tập đoàn Thái Bình Dương on a fixed-price basis. The contract is worth over 89.75 million USD and nearly 902 billion VND, about 3,271 billion VND in total, with 38 months to complete. SEC-Pacific was the only bidder to pass technical evaluation, as rival CISDI failed to reach the minimum score. The company has also appointed two deputy general directors this year, Nguyễn Công Kiên from 12/8/2026 and Dương Thành Công from 16/10/2026, after former board member Lê Việt Cường was arrested in February 2026 over alleged forgery of documents. For the first six months of 2026, net revenue reached nearly 6,359 billion VND, up over 10%, and profit after tax about 524 billion VND, up over 44%, already exceeding its full-year 2026 profit plan.
- Aeroméxico Reports Unaudited Third Quarter 2026 Results
Aeroméxico reported unaudited third-quarter 2026 results, with record revenue of $1.6 billion, up 13.6% year over year, driven by international passenger demand, premium cabins, loyalty and cargo, which grew 15.8%. Fuel expense rose 57.6% to $469.0 million as jet fuel prices hit historic highs, but adjusted EBITDAR reached $389.2 million, a 24.0% margin, and operating income was $189.6 million, an 11.7% margin. The company recognized $48.7 million from an updated loyalty program breakage estimate, its first such alignment since 2018. Management expects fourth-quarter revenue to grow about 15% year over year, assuming an average all-in fuel price of about $4.5 per gallon and an exchange rate of 18.0 Mexican pesos per U.S. dollar.
- Why Berkshire's Latest Move Proves It's Not Really a Warren Buffett Company Anymore
Greg Abel took over as Berkshire Hathaway CEO at the start of 2026, though Warren Buffett and Abel are reportedly in regular contact on investment decisions. Berkshire has taken a stake in Milan-based Bending Spoons, investing $600 million in its IPO over the summer and adding $330 million since, a position of about 0.4% of its portfolio. The author argues this is out of character for Buffett, who was skeptical of acquisitive companies and prefers consistent, predictable earnings, while Bending Spoons buys and turns around troubled software businesses. The author sees the move as a possible turning point toward more risk-taking and tech investment under Abel, and suggests a wait-and-see approach to the stock until his investment choices become clearer.
- Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback
SkyAI, formerly Sharps Technology, has sold its entire Solana (SOL) treasury and launched a tender offer to buy back up to $201.3 million of shares and warrants, reversing its crypto accumulation strategy. As of Oct. 16 the company held about $223.8 million in cash, and the offer covers up to 95% of each class of shares and warrants at a fixed price, no longer tied to SOL's price as originally planned. The company says it will keep building a financial platform that combines stablecoin infrastructure on Solana with artificial intelligence. The strategy began in August 2025 after a private placement of more than $400 million, and by the end of 2025 it had produced about $153 million in unrealized losses. SkyAI shares closed Monday at $2.79, up 5.3% on the day.
- Tech stocks had a nice oversold bounce on Monday. Earnings this week will determine if it's for real
The S&P 500 and Nasdaq Composite rallied Monday as AI and chip stocks rebounded, with the iShares Semiconductor ETF (SOXX) on pace to snap a nine-day slump and the iShares MSCI South Korea ETF (EWY) up 4%. Last week, the S&P 500 fell nearly 2%, its worst weekly decline since late June, while the Nasdaq Composite dropped 4.5%. Whether the rebound lasts will depend largely on results from big tech names such as Meta and Tesla, as well as SpaceX, which reports after the bell Tuesday. Of the 47 S&P 500 companies that have reported third-quarter results, 85% have beaten expectations, but most tech earnings are still to come. Sameer Samana of Wells Fargo Investment Institute sees the AI selloff as a 'reality check' rather than a full-blown unraveling, though pressure may last through the midterms.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.