Did the stock market crash today
The gist
Tech-heavy Nasdaq and S&P 500 fell while the Dow rose as investors rotated out of tech.
Apple earnings and the midterms could add fuel to the sell-off.
How it unfolded
- Oct 22, 2026Dow Jones futures fell after Moderna crashed and Meta fueled an AI meltdown, with election results heightening AI sector concerns.
- Oct 23, 2026The S&P 500 was down 4.36%, the Nasdaq Composite down 5.52% and the Dow down 3.44%.
- Oct 27, 2026Alphabet's stock fell 12%, its steepest drop since its 2004 IPO, as Google's earnings reignited AI jitters.
Key terms
- Nasdaq
- An American electronic stock exchange, one of the largest in the world, known for listing many technology companies.
- S&P 500
- A stock market index tracking the performance of 500 large US companies listed on American exchanges.
- Dow
- Financial contracts to buy or sell the Dow Jones Industrial Average stock index at a set price on a future date.
Source: Wikipedia