r/RobinHood • u/TorukMaktoM • 22h ago
Stock Market Recap for Friday, October 16, 2026
The major U.S. stock indexes ended broadly lower on Friday, October 16, 2026, capping the worst week for the Nasdaq since April 2025 as the AI infrastructure trade came under its most sustained assault of the year. CoreWeave crashed 14% on debt distress fears, chipmakers logged their eighth consecutive down session, and Fed Chair Warsh offered no rate signal in Bangkok, leaving markets in limbo heading into next week’s pivotal October 27-28 meeting.
The S&P 500 fell 1.09% (-84.63 pts) to 7,659.43, now down 2.4% from its all-time high. The Dow dropped 0.34% (-175.82 pts) to 52,001.87 after swinging more than 400 points intraday. The Nasdaq cratered 2.14% (-572.99 pts) to 26,140.03. The Russell 2000 tumbled 1.81% (-50.21 pts) to 2,717.06.
The 10-year Treasury yield was little changed at 5.10%. The VIX exploded 23.44% to 20.32, crossing back above 20 for the first time since mid-September. Bitcoin slipped 0.68% to $81,466.30. Gold gained 0.47% to $4,189.60. Crude Oil rose 2.58% to $98.99/barrel, approaching $100 again.