Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City.
Michael M. Santiago | Getty Images
Stocks mostly slid Thursday on renewed concerns around spending by artificial intelligence companies, while oil prices jumped amid rising geopolitical tensions.
The Nasdaq Composite pulled back 2.6% to 26,008.86, while the S&P 500 shed 1.21% to close at 7,663.43. The tech-heavy index suffered its worst session since June, while the S&P 500 posted its worst daily performance since July. The Dow Jones Industrial Average inched up 11.89 points, or 0.02%, to end at 52,867.98.
Meta Platforms slipped about 7%, even as it exceeded revenue expectations and offered upbeat guidance. Technology more broadly was under pressure as well as ongoing concerns about artificial intelligence spending persisted. Advanced Micro Devices fell more than 8%,…
