Wall Street: Dow falls 1.2% on pricey oil; Nasdaq posts second losing week
On Friday the Dow lost 653 points, the S&P 500 0.5% and the Nasdaq 0.2%. For the week the Dow rose 0.4%, while the S&P 500 and Nasdaq fell. Brent reached $116.72.
These are Friday's closing prices from 23 October; US exchanges do not trade at the weekend. The Dow Jones (30 big US companies) fell 652.82 points (−1.23%) to 52,215.16. The S&P 500 (the 500 largest firms) lost 39.75 points (−0.52%) to 7,623.68, and the tech-heavy Nasdaq Composite slipped 53.52 points (−0.21%) to 25,955.34. Nearly three of every four S&P 500 stocks fell (AP, Reuters).
For the week the Dow is up 0.4%, its third weekly gain in a row. The S&P 500 lost 0.5% and the Nasdaq 0.7%, both down for a second straight week. Smaller companies in the Russell 2000 gained 2.0%. Tech steadied after Thursday's slump: Micron rose 2.5%, Intel and AMD 1.7% each. Cybersecurity stocks were in demand, with CrowdStrike up 8.3% and Palo Alto Networks 7.2% (AP, Reuters, Yahoo Finance).
Energy stocks in the S&P 500 rose 2.5% to a record: SLB jumped 7% after beating profit estimates, ConocoPhillips gained 3.6% and Chevron 2.9%. American Express fell 3.7%: profit beat forecasts, but it plans to cut about 5% of its staff. AT&T and T-Mobile dropped nearly 8% after a report that SpaceX wants thousands of cell sites for its own mobile network. Tower owners Crown Castle (+9%) and American Tower (+4%) rose (Reuters, AP).
Brent rose 3.1% to $116.72 a barrel after Houthi attacks on Saudi Arabia. US crude (WTI) climbed 3.8% to $103.27. The 10-year Treasury yield rose to 4.99% from 4.96%. Gold fell. Next week the Fed (the US central bank) meets, and Alphabet, Microsoft and Amazon report results (AP, Reuters).
| Index | Close | Day, points | Day % | Week % | Year to date % |
|---|---|---|---|---|---|
| Dow Jones | 52,215.16 | −652.82 | −1.23 % | +0.41 % | +8.6 % |
| S&P 500 | 7,623.68 | −39.75 | −0.52 % | −0.47 % | +11.4 % |
| Nasdaq Composite | 25,955.34 | −53.52 | −0.21 % | −0.71 % | +11.7 % |
| Russell 2000 | 2,775.90 | −8.13 | −0.29 % | +2.00 % | +11.8 % |
| Stock | Day % | Reason |
|---|---|---|
| Crown Castle | +9.0 % | SpaceX seeks cell sites |
| CrowdStrike | +8.3 % | demand for cybersecurity |
| Palo Alto Networks | +7.2 % | survey: bigger security budgets |
| SLB | +7.0 % | profit beat |
| ConocoPhillips | +3.6 % | higher oil price |
| Micron | +2.5 % | rebound after chip selloff |
| Caterpillar | −2.4 % | broad selling |
| American Express | −3.7 % | cutting about 5% of staff |
| AT&T | −8.0 % | SpaceX as possible new carrier (about −8%) |
| T-Mobile | −8.0 % | SpaceX as possible new carrier (about −8%) |
| Indicator | Fri 16 Oct | Thu 22 Oct | Fri 23 Oct | Day % | Week % |
|---|---|---|---|---|---|
| 10-year US Treasury yield (%) | 5.09 | 4.96 | 4.99 | – | – |
| Brent crude, Dec (USD/barrel) | 109.86 | 113.17 | 116.72 | +3.14 % | +6.24 % |
| WTI crude, Dec (USD/barrel) | – | 99.47 | 103.27 | +3.82 % | – |
| Gold futures (USD/oz) | 4,181.10 | – | 4,007.90 | −1.29 % | −4.14 % |
| VIX fear gauge | 19.99 | – | 19.45 | +2.21 % | −2.70 % |
For information only, not investment advice. Prices as of the time stated, not real-time quotes.
Sources
- AP via KRMG: How major US stock indexes fared Friday 10/23/2026 (Schluss, Punkte, Woche, seit Jahresbeginn; 15:14 CDT)
- AP (Troise/Veiga) via BNN Bloomberg: Wall Street loses ground under pressure from rising oil prices (23.10.2026, aktualisiert 16:37 EDT)
- Reuters (Krauskopf u. a.) via Lufkin Daily News: Wall Street closes lower to end rocky week (23.10.2026)
- Yahoo Finance Live: Dow sinks 600 points, S&P 500, Nasdaq drop to cap a volatile week, oil prices rise (23.10.2026; Kurse Rendite, VIX, Gold, WTI)
- TradingKey: US Stocks Close – Dow drops over 600 points, CrowdStrike gains over 8% (23.10.2026)
- Nation Thailand: Oil jumps over US$3 a barrel on October 23 after Houthi attacks (Settlements Brent/WTI)
