Stock Market Update
22-Oct-26 12:05 ET
Treasury yields lower amid safe-haven flight
Dow -38.28
at 52818.02,
Nasdaq -566.29
at 26157.01,
S&P -86.24
at 7671.00
[BRIEFING.COM] The S&P 500 (-1.1%) and Nasdaq Composite (-2.1%) remain under firm pressure from technology stocks, while the DJIA (flat) has recovered to its flat line amid relative strength across the broader market.
Meta Platforms (META 655.02, -42.50, -6.09%) remains a notable drag following its earnings report, with concerns about the company's substantial AI infrastructure spending extending beyond the equity market. According to Bloomberg, a measure of Meta's credit risk has reached a record high, reflecting growing investor concerns about the financing requirements associated with its aggressive AI investment plans.
Meanwhile, safe-haven buying in U.S. Treasuries continues to push yields lower. The 10-year yield briefly slipped below 5.00% for the first time since September 22 and is currently down 15 basis points to 5.00%.
