Market wrap · Friday, October 23, 2026
S&P 500 Falls 0.5% as Alphabet Sheds $49.0B in Value
The S&P 500 fell 0.52% to 7,623.68 on October 23, 2026, while the Nasdaq Composite fell 0.21%, the Dow Jones Industrial Average fell 1.23% and the Russell 2000 fell 0.29%.
3 of 11 S&P 500 sectors finished higher. Energy led (+2.60% for the XLE fund), while Consumer Staples lagged (−1.92%). The S&P 500 is up 11% so far this year.
The 51 largest US companies lost a combined $244 billion in market value, with 14 of them higher. Microsoft gained the most ($25.5 billion, to $3.89 trillion), while Alphabet lost the most ($49.0 billion, to $3.92 trillion).
The 10-year Treasury yield rose 3 basis points to 4.99%. US crude oil rose 4.0% to $103.44 a barrel, gold fell 1.2% to $4,010.00 an ounce and bitcoin lost 0.1% to $81,275. The Cboe Volatility Index rose 2.2% to 19.45.
Among the 241 large stocks Stock Pulse 247 tracks, CrowdStrike Holdings (CRWD) rose the most, +8.25%, and AT&T (T) fell the most, −7.96%.
Sectors
- Energy+2.60%
- Technology+0.49%
- Real Estate+0.12%
- Utilities−0.72%
- Materials−0.74%
- Health Care−1.11%
- Industrials−1.27%
- Financials−1.32%
- Consumer Discretionary−1.66%
- Communication Services−1.78%
- Consumer Staples−1.92%
Biggest market-value moves
The 51 largest US companies: −$243.7B net, 14 higher.
| MicrosoftMSFT | +$25.5B | to $3.89T |
|---|---|---|
| Exxon MobilXOM | +$20.5B | to $753B |
| AMDAMD | +$14.5B | to $844B |
| AlphabetGOOGL | −$49.0B | to $3.92T |
| NVIDIANVDA | −$30.2B | to $5.09T |
| Eli Lilly andLLY | −$29.6B | to $1.14T |
Rates, commodities & crypto
| 10-year Treasury yield | 4.99% | +3 bp |
|---|---|---|
| WTI crude oil | $103.44 | +3.99% |
| Gold | $4,010.00 | −1.24% |
| Bitcoin | $81,275 | −0.13% |
| Cboe Volatility Index | 19.45 | +2.21% |
Top gainers
| CrowdStrike HoldingsCRWD | $257.57 | +8.25% |
|---|---|---|
| CloudflareNET | $325.73 | +7.29% |
| Palo Alto NetworksPANW | $380.55 | +7.22% |
| SLBSLB | $53.06 | +7.08% |
| OktaOKTA | $213.05 | +5.82% |
Top decliners
| AT&TT | $20.93 | −7.96% |
|---|---|---|
| T-Mobile USTMUS | $146.54 | −7.71% |
| PENN EntertainmentPENN | $14.50 | −6.21% |
| MetLifeMET | $98.82 | −4.59% |
| Cipher DigitalCIFR | $7.94 | −4.57% |
Closing figures for the October 23, 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).