Dow tumbles more than 600 points as oil prices rise and market sell-off hits most sectors

The Dow slid on Friday as a sell-off in tech in the prior session shifted to other areas of the market and U.S. oil prices topped $100 a barrel amid rising fears that the U.S.-Iran conflict would flare up again.

The Dow Jones Industrial Average dropped 652.82 points, or 1.23%, to settle at 52,215.16, while the S&P 500 slipped 0.52% to 7,623.68. The Nasdaq Composite lost 0.21% to close at 25,955.34.

More defensive stocks came under pressure on Friday, with the consumer staples, utilities and healthcare sectors all lowerMore defensive stocks came under pressure on Friday, with the consumer staples, utilities and healthcare sectors all lower. Dow component American Expressfell more than 3% after announcing it was cutting about 5% of its global workforce, citing the need to “prepare for AI.” Caterpillar also edged down about 2%, while Goldman Sachs lost more than 1%, adding pressure to the 30-stock index.

https://www.cnbc.com/2026/10/22/stock-market-today-live-update.html