Market wrap · Friday, October 16, 2026
S&P 500 Falls 1.1% as Alphabet Sheds $106B in Value
The S&P 500 fell 1.09% to 7,659.44 on October 16, 2026, while the Nasdaq Composite fell 2.14%, the Dow Jones Industrial Average fell 0.34% and the Russell 2000 fell 1.66%.
6 of 11 S&P 500 sectors finished higher. Energy led (+2.52% for the XLE fund), while Technology lagged (−3.02%). The S&P 500 is up 12% so far this year.
The 51 largest US companies lost a combined $506 billion in market value, with 24 of them higher. Apple gained the most ($21.3 billion, to $5.01 trillion), while Alphabet lost the most ($106 billion, to $4.17 trillion).
The 10-year Treasury yield rose 1 basis point to 5.10%. US crude oil rose 2.6% to $99.04 a barrel, gold rose 0.4% to $4,186.70 an ounce and bitcoin lost 0.9% to $81,633. The Cboe Volatility Index rose 21.4% to 19.99.
Among the 241 large stocks Stock Pulse 247 tracks, EOG Resources (EOG) rose the most, +4.23%, and Riot Platforms (RIOT) fell the most, −11.48%.
Sectors
- Energy+2.52%
- Utilities+1.34%
- Consumer Staples+1.08%
- Materials+0.71%
- Financials+0.45%
- Real Estate+0.40%
- Industrials−0.08%
- Health Care−0.27%
- Consumer Discretionary−0.84%
- Communication Services−1.89%
- Technology−3.02%
Biggest market-value moves
The 51 largest US companies: −$505.9B net, 24 higher.
| AppleAAPL | +$21.3B | to $5.01T |
|---|---|---|
| Exxon MobilXOM | +$17.7B | to $736B |
| Berkshire Hathaway BRK-B | +$13.6B | to $1.14T |
| AlphabetGOOGL | −$105.5B | to $4.17T |
| MicrosoftMSFT | −$77.2B | to $3.93T |
| NVIDIANVDA | −$74.9B | to $5.17T |
Rates, commodities & crypto
| 10-year Treasury yield | 5.10% | +1 bp |
|---|---|---|
| WTI crude oil | $99.04 | +2.63% |
| Gold | $4,186.70 | +0.40% |
| Bitcoin | $81,633 | −0.86% |
| Cboe Volatility Index | 19.99 | +21.45% |
Top gainers
| EOG ResourcesEOG | $158.01 | +4.23% |
|---|---|---|
| Kinder MorganKMI | $34.20 | +4.20% |
| RTXRTX | $193.92 | +3.73% |
| Lockheed MartinLMT | $552.09 | +3.65% |
| ConocoPhillipsCOP | $146.51 | +3.37% |
Top decliners
| Riot PlatformsRIOT | $13.72 | −11.48% |
|---|---|---|
| IREN LimitedIREN | $26.99 | −11.19% |
| TwilioTWLO | $244.37 | −10.62% |
| Cipher DigitalCIFR | $8.98 | −10.56% |
| OktaOKTA | $187.26 | −10.20% |
Closing figures for the October 16, 2026 US session; text is generated from the numbers and describes what moved, not why. More: live market overview · market news · AI stock forecasts · market data API (SectorAPI).