Nasdaq Crash: Five big tech names lose nearly $800 billion as concerns rise on results, spending, oil
CNBC-TV18 57 min ago·22 Oct 2026, 11:20 pm
A sharp sell‑off hit the Nasdaq after several heavyweight tech firms reported weaker‑than‑expected results and rising cost pressures, wiping out close to $800 billion in combined market value. Shares of Nvidia, Amazon, Microsoft and Alphabet fell sharply, while Apple and Netflix managed modest gains.
The slide reflects growing investor anxiety over corporate earnings, consumer spending trends and higher oil prices that could squeeze profit margins across the sector. Because these companies carry a large weight in the index, their moves tend to drag broader market sentiment, influencing portfolio valuations for many retail investors.
Investors will be watching upcoming earnings releases, any shifts in oil price dynamics, and signals from the Federal Reserve on interest‑rate policy for clues on whether the correction will deepen or the market can stabilize.
Excerpt from CNBC-TV18
Published On Oct 23, 2026 | 04:50 IST Last Updated On Oct 23, 2026 | 04:50 IST Meta's fall triggered a sell-off in its peer companies as well. Nvidia (down 4.4%), Amazon (down 4.6%), Microsoft (down 2.2%), and Alphabet (down 3.1%), cumulatively lost nearly $800 billion in market capitalisation. Apple and Netflix were…Read the original at CNBC-TV18
Key takeaways
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
