{"id":84928,"date":"2026-10-23T19:07:27","date_gmt":"2026-10-23T08:07:27","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=84928"},"modified":"2026-10-23T19:07:29","modified_gmt":"2026-10-23T08:07:29","slug":"friday-23rd-oct-2026-u-s-stock-futures-steady-after-tech-sell-off-as-ai-concerns-weigh-on-markets","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-23rd-oct-2026-u-s-stock-futures-steady-after-tech-sell-off-as-ai-concerns-weigh-on-markets\/","title":{"rendered":"Friday 23rd Oct 2026: U.S. Stock Futures Steady After Tech Sell-Off as AI Concerns Weigh on Markets"},"content":{"rendered":"\n

Global Markets:<\/strong><\/h3>\n\n\n\n

\u25cf         Asian Stock Markets : Nikkei down 0.85%, Shanghai Composite down 1.20% Hang Seng up 0.49% ASX down 0.13%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $4,024.85 (-0.89%) Silver at $53.833 (-2.14%), Brent Oil at 113.62 (0.39%), WTI Oil at 100.02 (0.56%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 4.956, UK 10-year yield at 5.3396, Germany 10-year yield at 3.3365<\/p>\n\n\n\n

News & Data:<\/strong><\/h3>\n\n\n\n

\u25cf        (USD)  Unemployment Claims  194K to 200K  expected<\/p>\n\n\n\n

Markets Update:<\/strong><\/h3>\n\n\n\n

U.S. stock futures were little changed on Thursday evening after technology shares tumbled amid concerns that enthusiasm surrounding artificial intelligence (AI) investments may be weakening.<\/p>\n\n\n\n

Dow Jones Industrial Average futures rose 52 points, or 0.1%, while S&P 500 futures gained 0.06%. Nasdaq-100 futures slipped 0.1%.<\/p>\n\n\n\n

During regular trading, the S&P 500 fell 1.2%, marking its worst session since July, while the Nasdaq Composite dropped 2.6%, its steepest decline since June. The Dow Jones Industrial Average edged slightly higher.<\/p>\n\n\n\n

AI spending concerns pressured technology stocks, with the sector falling 3%. Nvidia declined 4.4%, Alphabet lost 3.2%, and Advanced Micro Devices dropped 8.1%.<\/p>\n\n\n\n

Nvidia CEO Jensen Huang told CNBC that capital availability was becoming a challenge for the AI infrastructure industry, with demand exceeding available funding. Meanwhile, Yardeni Research President Ed Yardeni described the AI trade as a bubble but argued that moderating valuations could benefit markets without necessarily threatening the broader economy.<\/p>\n\n\n\n

Treasury yields declined as investors sought safer assets. The 10-year Treasury yield fell 18.5 basis points to 4.961%, while the 30-year and two-year yields also moved lower.<\/p>\n\n\n\n

Oil prices surged after reports that the U.S. and Israel were preparing potential renewed attacks on Iran. Brent crude climbed 4% to settle at $113.17 per barrel, its highest closing level since May.<\/p>\n\n\n\n

Investors will next focus on the University of Michigan’s final consumer sentiment reading.<\/p>\n\n\n\n

 Upcoming Events:<\/strong><\/p>\n\n\n\n

\u25cf       1:45 PM    GMT   –   USD   Flash Manufacturing PMI<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Markets: \u25cf         Asian Stock Markets : Nikkei […]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-84928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/84928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=84928"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/84928\/revisions"}],"predecessor-version":[{"id":84929,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/84928\/revisions\/84929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=84928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=84928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=84928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}