How major US stock indexes fared Friday 10/16/2026
Stocks closed lower on Wall Street as more drops for big tech companies weighed on the market
Stocks closed lower on Wall Street as more drops for big tech companies weighed on the market.
The S & P 500 lost 1.1% Friday, and the Nasdaq composite sank 2.1%. Both posted their worst week since June. The Dow Jones Industrial Average didn’t do as badly, and fell 0.3%.
Chip companies pulled back some more as worries deepened about how long the frenzy over the AI buildout will last. Micron Technology fell 5.6% and Intel lost 5.8%. European and Asian markets closed higher.
The Dow Jones Industrial Average fell 175.28 points, or 0.3%, to 52,002.41.
The Russell 2000 index of smaller companies fell 45.90 points, or 1.7%, to 2,721.37.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on abcnews.go.com — the content belongs to ABC News Money.
