Daily Market Report – October 22, 2026

Markets

Concerns about the profitability of high AI spending pushed the S&P 500 (SPX) down 1.27 percent to 7,659 points. The Nasdaq 100 (NDX) lost 2.44 percent to 29,096 points. The DAX (DAX) closed 1.04 percent lower at 25,379 points, while the Nikkei 225 (NI225) fell 2.65 percent to 62,908 points. Demand for safe assets pushed the yield on ten-year US Treasury bonds (US10Y) down to 5.01 percent. Following the Houthi attacks on Saudi Arabia, Brent crude oil (UKOIL) increased by 2.13 percent to $111.14 per barrel.

Company

Meta Platforms (META) lost 5.52 percent. High AI investments, a weaker margin outlook, and the still open spending plan for 2027 weighed on the valuation. Advanced Micro Devices (AMD) fell 7.62 percent in the broad sell-off of AI and semiconductor stocks. ASML (ASML) declined by 5.06 percent as investors reassessed investments in chip manufacturing.

Lam Research (LRCX) lost 10.45 percent. KLA (KLAC) gave up 8.98 percent. Applied Materials (AMAT) fell by 6.91 percent, Intel (INTC) by 6.48 percent.

Procter & Gamble (PG) rose by 6.10 percent after the results exceeded expectations and organic sales grew by 4 percent. Hermès (RMS) came under pressure as weaker business in China and the Middle East left revenue below expectations. Nestlé (NESN) removed net assets of 1.95 billion dollars from the balance sheet following the state takeover of its Russian business.

Blackstone (BX) reported a profit decline of 9.20 percent due to higher interest rates, reduced transaction activity, and lower property valuations. American Airlines (AAL) lowered its annual outlook for the third time in six months due to increased fuel costs.

Macroeconomics

According to White House, growing tensions with Canada and the security situation in the Middle East are shaping US foreign policy ahead of the midterm elections. This has increased the geopolitical risk premium in the markets. The US initial jobless claims were, according to official data, close to the lowest level since the 1960s and continued to signal a low number of layoffs.

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*Created on 10/22/2026 / 11:47 AM (ET)