N環球 
Wall Street closes lower Friday as tech sell-off deepens; Nasdaq down 4.5% for the week
US stocks closed lower Friday, October 16: the Nasdaq Composite fell 2.14% to 26,140.03, the S&P 500 lost 1.09% to 7,659.44, and the Dow Jones Industrial Average slipped 0.34% to 52,002.41. For the week, the Nasdaq lost about 4.5%, its worst weekly decline since late June.
Why it matters
Wall Street closed lower on Friday, October 16, as the sell-off in technology and AI stocks deepened. The Nasdaq Composite fell 572.99 points, or 2.14%, to 26,140.03; the S&P 500 lost 84.62 points, or 1.09%, to 7,659.44; and the Dow Jones Industrial Average fell 175.28 points, or 0.34%, to 52,002.41. For the week, the Nasdaq lost about 4.5%, its biggest weekly decline since the week ended June 26, snapping a four-week winning streak; the S&P 500 closed about 2% lower for the week, while the Dow still rose about 0.7%, helped by banks and stocks outside tech.
Full report
Selling was concentrated in semiconductor and AI infrastructure names. Chipmakers fell for the eighth straight day, their longest losing streak since 2008: AMD, Broadcom and Intel dropped 4% to 6% on Friday, while memory makers Sandisk, Western Digital and Seagate fell about 7%. Software joined the retreat: Twilio fell 10.6%, the biggest drop in the S&P 500 that day; Oracle lost 5% and ServiceNow 4%. Debt fears around AI data-centre builders were a key driver — CoreWeave fell another 11% on Friday, taking its week-to-date loss to 25%, with total debt now at $51 billion. The VIX volatility gauge rose past 22 for the first time since June.
Money rotated into defensive sectors: healthcare, consumer staples and financials attracted buying, with JPMorgan up about 2%. Hotter-than-expected US September inflation, with wholesale prices posting their biggest monthly rise since 2022 and firm energy prices, added to the cautious tone.
Source: The Wall Street Journal, Investor's Business Daily (via The Orbit Post, Oct 16, 2026); CNBC TV18.
💬 Comments
No comments yet. Be the first!