The Nasdaq 100 fund fell 2.86% while equal-weight stocks rose 0.73% as A I shares sold off.
CAMS Closing Market Recap.
Thursday, October 22, 2026.
Good afternoon.
The Nasdaq 100 fund fell 2.86% while equal-weight stocks rose 0.73% as A I shares sold off.
The S and P 500 ended near 7,663, and the Nasdaq Composite near 26,009.
The Dow was nearly flat near 52,868, while the Russell 2000 was little changed.
Six of 11 tracked sector funds rose.
The strongest gainers were consumer staples at 3.31%, utilities at 2.07%, and health care at 1.32%.
Technology fell 3.27%, and the semiconductor fund dropped 5.99%.
The Nasdaq 100 fund traded 56.9 million shares against a recent average of 39.4 million.
Reuters connected the selloff to renewed concern about the cost and uncertain returns of A I investment after major earnings reports.
Lam Research fell 11.76%, while Meta and Nvidia also declined.
Procter and Gamble gained 5.58%, and Lockheed Martin rose 6.96%.
The 10-year Treasury yield fell to about 4.97%, and the V I X finished near 19.
The dollar index was little changed.
W T I crude settled near $99 a barrel, Brent was near $113, and gold was about $4,042 an ounce.
Reuters reported that new Houthi strikes against Saudi targets sent crude to a five-month high.
The Conference Board said its leading economic index was unchanged at 99.6 in September.
The Federal Reserve had no policy decision today, and its next meeting is October 27 and 28.
The close was not a market-wide retreat.
It was a sharp break between technology shares and the rest of the market.
The next test is whether lower Treasury yields steady growth shares, or whether A I funding concerns keep leadership narrow.
Market analysis, not personalized investment advice.
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