Business · Markets · 3 hrs ago
Wall Street closes lower after a volatile week
Wall Street’s main indexes closed lower on Friday, ending a volatile week for US stocks.
The Nasdaq fell slightly, a day after its biggest one-day drop since June, as investors questioned the cost of funding heavy investment in artificial intelligence.
Most S&P 500 sectors fell, although its technology sector edged up.
Investors are watching whether AI companies will keep spending heavily on data centers and other expansion.
About a third of S&P 500 companies report earnings next week, including Alphabet, Microsoft and Amazon, whose spending plans will draw close attention.
A Federal Reserve meeting on interest-rate policy is also ahead.
For the week, the S&P 500 and Nasdaq fell, while the Dow rose for a third consecutive week.
Wall Street’s main indexes closed lower on Friday, ending a volatile week.
The S&P 500 fell 0.52% and the Nasdaq Composite fell 0.21%, while the Dow Jones Industrial Average dropped 1.23%.
Investors remained concerned about the costs of funding heavy investment in artificial intelligence.
About a third of S&P 500 companies are due to report quarterly results next week, including Alphabet, Microsoft and Amazon.
The S&P 500 and Nasdaq fell for the week, while the Dow recorded its third consecutive weekly gain.
- Who
- Wall Street investors and the main US stock indexes.
- What
- The main indexes closed lower after a volatile week. Artificial intelligence investment costs were a concern for investors.
- When
- Friday, October 23, 2026.
- Where
- Wall Street, in the United States.
- Why
- Investors were weighing concerns about the financing costs of AI investment and awaiting company earnings and a Federal Reserve interest-rate meeting.
This story does not have two clearly opposing sides.
The Nasdaq suffered its biggest one-day drop since June amid concerns about the cost of financing AI investment.
Wall Street’s main indexes closed lower, while the S&P 500 technology sector gained 0.35%.
About a third of S&P 500 companies, including Alphabet, Microsoft and Amazon, are due to report quarterly results, and the Federal Reserve is scheduled to meet on interest-rate policy.
- Dow Jones close
- 52,215.16, down 1.23%
- S&P 500 close
- 7,623.68, down 0.52%
- Nasdaq Composite close
- 25,955.34, down 0.21%
- Weekly S&P 500 change
- Down 0.5%
- Weekly Nasdaq change
- Down 0.7%
- Weekly Dow Jones change
- Up 0.4%, its third consecutive weekly gain
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What people are saying
There is still fallout from the questioning around the AI sector.
There is certainly the possibility that we will see less investment in expanding AI data centers next year than projected. So, I believe this is causing a pause.