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Dow Jones Today Live Updates: US stocks edge lower amid tech-led rout.
Dow Jones Today | US Stock Market Live: Wall Street ended sharply lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend.
The S&P 500 lost 85.44 points, or 1.10%, to end at 7,658.62 points, while the Nasdaq Composite lost 572.99 points, or 2.15%, to 26,137.85. The Dow Jones Industrial Average fell 189.01 points, or 0.36%, to 51,990.05.
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The S&P 500 lost 85.44 points, or 1.10%, to end at 7,658.62 points, while the Nasdaq Composite lost 572.99 points, or 2.15%, to 26,137.85. The Dow Jones Industrial Average fell 189.01 points, or 0.36%, to 51,990.05. (Read)
The dollar was lower on Friday and on track for its first weekly fall in more than a month against the euro and the yen, reflecting fading expectations for a Federal Reserve rate hike and lingering concerns about an AI-driven equity selloff.
The United Nations aviation agency has found Lebanon's main airport lacks valid certification, according to a report summary seen by Reuters, in a setback to US President Donald Trump's move to revive direct US-Beirut flights.
Trump made the announcement in July and signed an order last month for the US government to allow direct flights from the US to Lebanon, reversing a four-decade-long suspension after TWA Flight 847 was hijacked and forced to land in Beirut in 1985.
US natural gas futures fell about 4% to a one-week low on Friday on continued mild weather, lowered demand forecasts and a small increase in output in recent days. Front-month gas futures for November delivery on the New York Mercantile Exchange fell 12 cents, or 4%, to settle at $3.116 per million British thermal units (mmBtu), their lowest close since October 6. That also put the contract down about 3% this week after it gained about 6% last week.
At least eight states are suing artificial intelligence giant OpenAI, saying the company's popular chatbot model violated state consumer protection laws by hurting children and deceiving adults in what prosecutors described as a reckless pursuit of profit.
The company's chatbot model, ChatGPT, is giving dangerous medical advice, encouraging paranoia and coaching people to kill themselves or hurt or kill others, the lawsuits said.
Palantir shares tumbled over 7% on Friday, erasing roughly $34 billion in market value as the stock reversed its record-breaking advance and headed toward correction territory.
Oil prices jumped more than 3% on Friday as investors assessed growing concerns about potential supply disruptions in the Middle East. Brent crude touched $110 a barrel, while US crude held comfortably above $100.
The S&P 500 was on course for its sharpest weekly decline since January, while the Nasdaq headed for its worst week since June, as investors prepared for earnings reports from Tesla, Meta Platforms and Procter & Gamble. Analysts expected quarterly earnings to rise more than 30%, led by AI-related megacap companies, although the market’s gains remained narrowly concentrated in technology stocks. While the S&P 500 had advanced about 12% in 2025, its median component had risen only 6%, and roughly 185 companies in the index had recorded losses.
Gold prices were largely steady on Friday and were on track for a weekly loss as traders weighed the prospect of further Federal Reserve rate hikes this year following a run of hotter-than-expected US inflation data.
Spot gold was down 0.1% at $4,165.12 per ounce by 02:07 p.m. EDT (1807 GMT) but was down 0.7% so far in the week.
The US budget deficit grew to almost $2 trillion over the past year, government data showed Friday, reaching its highest level since 2021 despite President Donald Trump's promises to cut public spending and red ink.
Selloff in semiconductor stocks extended on Friday weighing on major US indexes as concerns mounted over the outlook for the artificial-intelligence trade, Bloomberg reported.
Weakness in technology shares weighed on the S&P 500 even as most of its components advanced. The Nasdaq 100 dropped 1.8%, while an index of major chipmakers declined for an eighth consecutive session—its longest losing streak since 2008. (Read)
French President Emmanuel Macron said on Friday that a diesel deal struck by US President Donald Trump with Russia was not useful and created doubts and defiance. "This decision is not good for anyone. It sends a negative signal. It a an element of division and doubt," Macron said after an EU summit in Brussels.
Wall Street is trading sharply lower as selling pressure intensifies across major indexes. The Dow Jones Industrial Average is down 199.05 points, or 0.38%, at 51,978.64, while the S&P 500 is falling 75.24 points, or 0.97%, to 7,668.82. The technology-heavy Nasdaq Composite is leading the decline, dropping 501.12 points, or 1.88%, to 26,211.91.
Big US bank shares are set to record their worst weekly losing streak since the 2008 Global Financial Crisis, after quarterly earnings didn’t do enough to lift sentiment for the ailing sector.
The 24-member KBW Bank Index is down around 1.3% this week and is well into correction territory, losing about 13% since its last record in August. While the group has suffered larger selloffs over the years — including an almost 17% drawdown early this year — it’s on pace for a sixth consecutive week of declines, which would mark the longest such losing streak since 2008.
US President Donald Trump said on Friday that he did not think either he or Elon Musk was responsible for Ukraine losing Starlink access. Any limit to Ukraine's access to the Starshield system was not imposed by the United States, Trump added.
Phillips 66 has announced an increase in its quarterly dividend, declaring a payout of $1.33 per share on its common stock.
In the bond market, Treasury yields edged higher. The yield on the 10-year Treasury rose to 5.12% from 5.10% late Thursday. It had topped 5.30% earlier this month and touched its highest level since 2002 because of worries about high inflation, signals of a strong U.S. economy and other factors.
Yields are down despite reports this week showing that inflation at the consumer and wholesale level rose more in the U.S. than economists expected.
Technology stocks dragged down the S&P 500 despite gains across most of its constituents, while the Nasdaq 100 fell 1.5%. A gauge tracking major chipmakers declined for an eighth consecutive session, marking its longest losing streak since 2008.
According to Bloomberg Intelligence, major technology companies, known as hyperscalers, are approaching $1 trillion in annual capital expenditure, much of it financed through debt. While these firms generally maintain high-grade credit ratings, fund managers are increasingly scrutinising lower-rated borrowers such as CoreWeave.
Federal Reserve Chair Kevin Warsh did little to temper market expectations that the US central bank will keep interest rates unchanged at its meeting later this month, according to a Bloomberg report.
Speaking at a moderated discussion in Bangkok on Friday morning during the International Monetary Fund’s annual meetings, Warsh avoided commenting on monetary policy or his outlook for the US economy. He reiterated only that the Fed would remain committed to ensuring price stability.
“We made very clear that we would deliver price stability, and we removed a dose of accommodation about a month ago,” Warsh said. “I don’t prejudge meetings. I don’t believe in saying now what I might do at the meetings that we have in the balance of this year.”
Investments in pharmaceutical companies made on behalf of President Donald Trump increased significantly after he returned to the White House last year, with his portfolio adding millions of dollars in stock in firms that benefited from a Republican-backed law that shields certain medications from Medicare price negotiations, according to a report from congressional Democrats.
The report, released Friday by the Joint Economic Committee’s minority arm, found that Trump’s pharmaceutical stock holdings grew from a maximum reported value of $1.7 million in 2024 to as much as $56.2 million at the end of 2025. The report said that included up to $39.1 million worth of stock held in companies that benefited from exemptions to Medicare’s drug price negotiation program, which came through a provision in Republicans' 2025 tax and spending law.
Additional analysis of Trump's financial disclosures provided by committee Democrats showed that his investment portfolio bought as much as $2.55 million in shares of pharmaceutical companies benefiting from the exemptions on three dates before he signed the legislation in July 2025. That included up to $950,000 in purchases on July 1, 2025, the day the Senate passed the bill. His portfolio also bought as much as $1 million in AbbVie stock in August 2025, after the bill became law.
Chinese online retailer Temu has agreed to settle data privacy claims raised by Texas and will restrict how it handles personal data from shoppers in the state, according to documents made public Friday.
Temu faces several lawsuits from US states concerned that the company unlawfully harvests US user data that could be accessed by the Chinese government. Texas is the first to resolve those claims. It is also the first time the company has agreed to keep personal data on US servers and restrict when it can be sent to China, Texas officials said.
The White House on Friday listed investments worth “trillions of dollars” in the US, including over USD 330 billion from India, placing it among the country's leading investors.
The list of investments, played on loop on the White House YouTube channel, also features the USD 15 billion steel plant announced by Essar Group’s Mesabi Metallics in Iowa.
CoreWeave Inc. has become caught in a tug of war between investors who see rising bond yields as a potential rally killer for the AI trade and those who think demand for computing power will make those concerns seem passe before long. (Read)
Several online services supporting US federal courts' bankruptcy systems have gone offline following a cybersecurity incident involving a court contractor, the Administrative Office of the US Courts (AOC) said on Thursday.
BAE Systems IT, a division of the British defense contractor BAE Systems, operates the Bankruptcy Noticing Center's (BNC) systems and websites on behalf of the federal judiciary, the AOC said in a statement.
Barclays said on Friday it expects the US Federal Reserve to raise interest rates by 25 basis points each in December and January after stronger-than-expected inflation readings.
he dollar weakened on Friday, heading for its first weekly fall in more than a month against the euro and the yen, amid fading expectations for a Federal Reserve rate hike and lingering concerns from an AI-driven equity selloff.
Hotter-than-expected consumer and producer price readings initially rattled markets this week, but comments from Fed officials signaling no urgency to tighten policy further helped stabilize Treasury yields and eroded support for the dollar.
China proposed export controls on Friday for technologies in the artificial intelligence, biotech and solar sectors, as it aims to rival the United States at the forefront of innovation. China and the United States have been locked in a tech race, with both sides accusing the other in recent months of stealing the capabilities of locally developed AI models.
US factory production increased in September, but lost considerable momentum in the third quarter amid headwinds from the Middle East conflict, which has snarled supply chains and raised energy prices.
Manufacturing output rebounded 0.3% last month following a revised 0.2% decline in August, the Federal Reserve said on Friday. The rise was in line with economists' expectations. Factory production was previously estimated to have dropped 0.3% in August. Output advanced 1.1% on a year-over-year basis in September. It grew at a 0.7% annualized rate in the third quarter after accelerating at a 5.6% pace in the second quarter.
US Treasury yields fell on Friday as investors assessed the latest batch of economic data and traders bet that the Federal Reserve's next rate hike won't be until December. Trading was choppy, however, after a tumultuous week where the 10-year yield swung between a high of 5.329% on Wednesday and a low of 5.037% on Thursday. With Friday's move, yields on the benchmark Treasury note were on track for the biggest drop since the week ended August 1 2025.
The United States has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the nation's Strategic Petroleum Reserve, the Department of Energy said on Friday.
US natural gas futures fell about 4% to a one-week low on Friday on continued mild weather, forecasts for less demand this week than previously expected, and a small increase in output in recent days. Front-month gas futures for November delivery on the New York Mercantile Exchange fell 13.4 cents, or 4%, to $3.102 per million British thermal units, putting the contract on track for its lowest close since October 5. That also put the contract down about 4% this week after gaining 6% last week.
Gold prices were set for a weekly loss as traders weighed the prospect of further Federal Reserve rate hikes this year following a run of hotter-than-expected US inflation data. Spot gold was up 0.1% at $4,175.34 per ounce by 9:44 EDT (1344 GMT) and was down 0.4% so far in the week.
The Dow Jones Industrial Average rose 130.6 points, or 0.25%, at the open to 52,308.28. The S&P 500 rose 1.3 points, or 0.02%, at the open to 7,745.32, while the Nasdaq Composite dropped 60 points, or 0.22%, to 26,652.985 at the opening bell.
The head of the IMF on Friday appealed to global leaders to cooperate in the face of multiple economic risks, including rapid advances in AI and a prolonged war in the Middle East, as Washington hailed what it sees as US-led economic momentum.
Their contrasting views echoed throughout this year's annual meetings of the International Monetary Fund and World Bank in Bangkok, as finance officials and central bankers from around the world took stock of a global economy rocked by high inflation and rising interest rates that have kept growth sluggish and increased inequality.
ExxonMobil signaled on Friday that higher refining margins during the third quarter could boost its downstream profit by $4.5 billion compared with the previous three months.
Refining margins have soared due to the ongoing Iran war, which has restricted energy exports through the Strait of Hormuz, as well as Ukrainian attacks on Russian refineries. The resulting higher fuel prices have created political risks for the administration of US President Donald Trump ahead of the midterm elections in November.
Websites and online delivery services at grocery chains belonging to Dutch supermarket operator Ahold remained offline for a fifth day on Friday following what the company has described as a "cybersecurity incident" that prompted it to shut down some of its own IT systems.
An Ahold spokesperson said the parent company cannot comment about the situation at its individual chains. (Read more)
Meta launched a new open-weight AI model, Muse Spark Open, on Thursday, the tech giant announced in a blog post. Muse Spark Open is a coding-focussed model that Meta says can also work with screenshots, video clips, and documents in real time.
The company said it is made for complex software tasks and has strong safeguards, though it did not say what they are. (Read more)
The World Bank sees up to $5 billion in possible loans to Venezuela over the next two years, a top official for the Washington-based lender in the region, Susana Cordeiro Guerra, told Bloomberg News in an interview published on Friday.
President Donald Trump said the US may have to target Pickaxe Mountain, a site linked to Iran's nuclear program, as he aims to ensure Tehran does not get a nuclear weapon.
Neocloud companies Nebius Group and Iren fell 2% each, while Micron Technology and Broadcom slipped 1.7% and 0.4%, respectively. AI-linked stocks have tumbled this week as investors question whether heavily indebted data-centre operators can become profitable quickly enough to meet their obligations as borrowing costs rise.
Varonis Systems shares climbed 2.3% after Thoma Bravo-owned Proofpoint agreed to acquire the data-security company for $6.3 billion in an all-cash transaction.
Markets increasingly expect the Federal Reserve to keep interest rates unchanged this month. Fed Chair Kevin Warsh said the US economy remained resilient and was benefiting from an AI-driven investment boom. He, however, noted the spending surge was boosting inflation.
Tesla shares rose 4.4% in premarket trading after the electric-vehicle maker unveiled a redesigned Roadster featuring rocket-style thrusters developed in collaboration with SpaceX. Shares of SpaceX gained 2.1%.
US stock futures diverged on Friday as renewed concerns over the AI trade pressured technology shares, while gains in Tesla and lower oil prices offered support. At 6:21 a.m. ET, Dow E-minis rose 204 points, or 0.39%, and S&P 500 E-minis gained 12.5 points, or 0.16%, while Nasdaq 100 E-minis slipped 23.5 points, or 0.08%.