US Markets Today: Dow ends 600 pts lower as AI doubts persist ahead of Fed meet
Economic Times 1 hr ago·23 Oct 2026, 8:23 pm
US equity markets closed lower, with the Dow dropping about 600 points, roughly a 1.2% decline, while the S&P 500 and Nasdaq also slipped. The slide was driven by lingering concerns over the pace of artificial‑intelligence earnings after recent mixed results, keeping sentiment cautious.
For investors, the broader market pullback signals that AI‑related hype may be tempering, which could affect growth‑oriented stocks and sector ETFs. A weaker start to the week also adds pressure ahead of the Federal Reserve’s policy meeting, where any shift in interest‑rate outlook could further move indices.
Market participants will be watching earnings reports from Alphabet, Microsoft and Amazon for clues on AI profitability, and will gauge the Fed’s statements for hints on monetary policy. Volatility may remain elevated until those events unfold.
Key takeaways
- Category: Results.
- 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.
