Nasdaq Composite heads into Monday as AI fears cut 54 points
Published on 10/26/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI concerns meet Fed week
- The Nasdaq Composite closed at 25,955 points on October 23, down 54 points or 0.2 percent.
- AI spending concerns pressured technology shares as oil topped USD 100 per barrel.
- SpaceX rose 2.0 percent on Friday after reports of a potential wireless infrastructure push.
- Verizon reports third-quarter earnings on October 26, 2026, at 8:30 a.m. ET.
The Nasdaq Composite heads into Monday after closing at 25,955 points on October 23, down 54 points or 0.2 percent. AI spending concerns and oil above USD 100 per barrel kept pressure on technology shares, Reuters reports.
SpaceX rose 2.0 percent on Friday after reports that it was seeking access to US cell sites for a wireless network, Yahoo Finance reports. Nasdaq-100 futures rose 0.3 percent Monday morning as investors prepared for earnings and the Federal Reserve's policy decision, Yahoo Finance reports.
AI spending concerns frame Nasdaq Composite cues
Friday's Nasdaq Composite decline followed renewed concern about the financing and returns of artificial-intelligence infrastructure. The 10-year Treasury yield stood near 5.0 percent, while higher oil prices added pressure to the wider market, CNBC reports.
What comes next for the Nasdaq Composite
- October 26, 2026, 8:30 a.m. ET: Verizon releases third-quarter earnings, Verizon states.
- October 27, 2026, 8:30 a.m. ET: Durable goods orders are scheduled, with a rebound expected after a 0.1 percent August decline, Way of the Trader reports.
- October 28, 2026, 2:00 p.m. ET: The Federal Reserve is scheduled to announce its interest-rate decision, Trading Economics lists.
Nasdaq Composite price data for October 23, 2026
The Nasdaq Composite closed at 25,955 points on October 23, 2026, down 54 points or 0.2 percent from 26,009 points. The session high was 26,112 points and the low was 25,866 points, Nasdaq reports.
Nasdaq Composite by the numbers on October 23, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq, United States
- Close on October 23, 2026: 25,955 points
- Change versus previous close of October 22, 2026: down 54 points (down 0.2 percent)
- Previous close: 26,009 points
- Day high / day low: 26,112 points / 25,866 points
- Next scheduled event: October 26, 2026, 8:30 a.m. ET: Verizon earnings
