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Nasdaq drops about 2% as chip and AI stocks slide, while the Dow falls 0.5% — Brief24

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Nasdaq drops about 2% as chip and AI stocks slide, while the Dow falls 0.5%

Quartz·October 16, 2026 at 6:20 PM

qz.com

Oil prices rise above $100 a barrel as investors trim bets on an October Fed rate hike and weigh AI debt concerns

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S&P 500 futures edge up, but the index is on track for a losing week

Quartz·1 day ago

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It was another great week for the average stock as market leadership shifts away from tech

USD/EUR0.8895-0.42%
USD/GBP0.7502-0.75%
USD/JPY157.98+0.02%
USD/CHF0.8237-0.95%
USD/CAD1.414-0.52%
USD/AUD1.439+0.45%
USD/ILS3.111+0.45%
USD/CNY6.686-0.10%

Last updated 1 day ago

17°

Isolated showers

High 17°

Low 5°

Sat

17°

5°

Sun

15°

2°

Mon

17°

5°

Tue

19°

12°

Wed

17°

10°

S&P 500
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Nasdaq
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Dow Jones
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Russell 2000
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VIX
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DAX
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Gold
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Brent
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Bitcoin
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TA 35
4,224.67+1.64%
TA 125
4,091.37+1.72%
TA Banks-5

Last updated 1 day ago

8,908.43+0.78%