Wall Street falls as tech sell-off and oil surge hit indices

Wall Street closed sharply lower on Thursday, October 22, 2026, as mass selling of technology stocks and rising oil prices pressured major indices. The tech-heavy Nasdaq fell 2.60%, its worst daily drop since June 5. The Nasdaq closed at 26,008.86 points, while the S&P 500 lost 1.21% to 7,663.43. The Dow Jones edged up 0.02% to 52,867.98. Nvidia dropped 4.4%, and the semiconductor sector fell 6.7%, with Meta down 7% despite strong earnings. Rising oil prices, fueled by Houthi attacks in Saudi Arabia, stoked inflation fears. The 10-year Treasury yield fell below 5% to 4.952%. Markets now await the Fed's October 27-28 meeting, pricing an 84% chance of unchanged rates.