Dow Jones heads into Monday after 653-point oil loss
Published on 10/26/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOil and earnings set the tone
- The Dow Jones closed at 52,215 points on October 23, down 653 points or 1.2 percent.
- WTI crude settled at 103.27 USD after rising 3.8 percent on Friday.
- American Express fell 3.7 percent after announcing workforce reductions.
- Verizon reports at 8:30 a.m. ET on October 26 before the market opens.
The Dow Jones closed at 52,215 points on October 23, losing 653 points or 1.2 percent as oil prices surged, Reuters reported. WTI crude settled at 103.27 USD after rising 3.8 percent, extending pressure on industrial and financial shares, The Washington Times reported.
American Express fell 3.7 percent after announcing plans to cut about 5 percent of its global workforce, CNBC reported. Chevron rose 2.9 percent, while Home Depot fell 2.8 percent in the session, according to Chartmill.
Oil leaves the Dow Jones facing a fragile open
Dow futures were up 257 points, or 0.5 percent, at 5:19 a.m. ET on October 26 as crude prices retreated, Reuters reported. The move follows a 1.23 percent Friday decline and a 0.4 percent weekly gain for the blue-chip index.
Friday's Dow Jones movers
American Express was the weakest named Dow component after its restructuring announcement. Chevron benefited from the energy sector's strength as crude prices climbed, while Caterpillar fell 2.1 percent, according to Chartmill.
What comes next for the Dow Jones
- October 26, 2026, 8:30 a.m. ET: Verizon releases third-quarter results before the open, Verizon confirms.
- October 26, 2026, 8:30 a.m. ET: The Chicago Fed National Activity Index is scheduled for release, Investrade lists.
- October 26, 2026, 1:00 p.m. ET: The US Treasury is scheduled to auction 2-year notes, Investrade lists.
Dow Jones price data for October 23, 2026
The Dow Jones closed at 52,215 points on October 23, down 653 points or 1.2 percent from the previous close of 52,868 points, Reuters reported. The index gained 0.4 percent over the week.
Dow Jones by the numbers on October 23, 2026
- Index: Dow Jones
- Home exchange: NYSE, United States
- Close on October 23, 2026: 52,215 points
- Change versus previous close of October 22, 2026: down 653 points (down 1.2 percent)
- Previous close: 52,868 points
- Top gainer: Chevron up 2.9 percent
- Top loser: American Express down 3.7 percent
- Next scheduled event: October 26, 2026, 8:30 a.m. ET: Verizon third-quarter earnings
