Stock market down day after Nasdaq takes a hit on AI spending fears
- October 23, 2026
- Posted by: weses
- Category: AI, Equities, Home Page, Investing, Stock Market
The gloomy mood looked set to continue as Wall Street fell on Friday, a day after a technology sell-off pushed the Nasdaq sharply lower.
S&P 500 (SP500) -0.5%, the Dow (DJI) -0.9%, and the Nasdaq Composite (COMP:IND) -0.4%.
The stock market ended lower on Thursday as technology stocks lagged on renewed worries about artificial intelligence expenditures.
On the economic calendar, investors will monitor the PMI Composite Flash and Consumer Sentiment reports for fresh signals on business activity and consumer confidenceThe 2-year Treasury yield (US2Y) rose 2.5 basis points to 4.67%, the benchmark 10-year Treasury yield (US10Y) rose 2.5 basis points to 4.98%, and the 30-year Treasury yield (US30Y) rose 1.9 basis points to 5.30%. https://seekingalpha.com/news/4656452-sp500-nasdaq-dow-jones-outlook-stock-market