The Nasdaq fell 2.15% as chip shares slid 3.41%, while oil rose 3.68% above $101 a barrel.
CAMS Closing Market Recap.
Friday, October 16, 2026.
Good afternoon.
The Nasdaq fell 2.15% as chip shares slid 3.41%, while oil rose 3.68% above $101 a barrel.
The S and P 500 lost 1.09%, and the Dow fell 0.34%.
Six of 11 tracked sector funds finished higher.
Energy gained 2.52%, while technology lost 3.03%.
The semiconductor fund traded about 17 million shares and lost 3.41%, with volume more than twice its recent average.
That split shows how concentrated the selling remained.
CoreWeave fell 11.91%.
Reuters said its bond yields were above 15% as investors questioned debt-funded data center expansion.
The United Kingdom competition regulator proposed strategic market status for Microsoft's business software ecosystem.
The 10-year Treasury yield held near 5.1%, and the dollar index fell 0.26%.
The V I X jumped almost 22% and finished near 20.
West Texas Intermediate crude settled at $101.41 after continuing attacks around the Strait of Hormuz and a Russian refinery outage kept supply risk high.
December gold gained 0.46% and finished near $4,189.
Industrial production rose 0.7% in September, and capacity utilization reached 76.9%.
Import prices climbed 1.1% for the month and 8.1% from a year earlier.
The Federal Reserve's next scheduled meeting is October 26 and 27.
At the close, high funding costs and energy pressure outweighed resilience in several defensive groups.
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