Friday, October 23, 2026

UMich consumer sentiment (final, 10:00 AM ET)

The University of Michigan consumer sentiment index (final reading) was scheduled for release at 10:00 AM ET on Friday, October 23, and has been released. Markets are trading in the present moment following the scheduled data.

Official release at the University of Michigan →

1. Pre-open outlook4:04 AM ET

   US stocks closed sharply lower Thursday, with the Nasdaq and S&P 500 falling as AI-related selling pressure returned, while the Dow ended flat. Meta shares sank nearly 7% as AI spending pushed free cash flow negative, and chip stocks fell hard. Attention turns to today's final UMich consumer sentiment reading at 10:00 AM ET, ahead of the Fed's rate decision Wednesday, October 28.

2. Midday check11:02 AM ET

   Yesterday’s sharp falls in the S&P 500 and Nasdaq‑100 amid renewed AI angst, while the Dow Jones was flat. The market is digesting a 10‑year Treasury yield dip back to 5% as investors seek shelter from AI‑related uncertainty, a move noted. Volvo Cars fell 22% on a faster‑than‑expected China slump and Meta dropped nearly 7% after AI spending made free‑cash‑flow negative, while Saab said orders three‑fold from a Ukraine jet deal. Attention now turns to the Federal Reserve’s interest‑rate decision on Wednesday, October 28.

3. Closing wrap7:02 PM ET

   U.S. stocks closed lower, with the Dow off roughly 650 points and the S&P 500 and Nasdaq also sliding, as oil prices climbed to a six-month high. A leveraged semiconductor ETF that drew a record sum from investors quickly turned negative. Volvo's shares dropped 24% after its CEO said China sales were falling faster than expected. Investors now look ahead to the Fed's interest-rate decision on Wednesday, October 28, and the PCE inflation report on Thursday, October 29.

   Show the original generated text

   U.S. stocks closed lower, with the Dow off roughly 650 points and the S&P 500 and Nasdaq each sliding as oil prices hit a six‑month high. Tech sentiment soured after investors poured a record sum into a leveraged semiconductor ETF that quickly turned negative. Meanwhile, Volvo’s shares dropped 24% following a CEO warning that China sales were falling faster than anticipated. All eyes now turn to the Fed’s rate decision on Wednesday, October 28.

AI-generated as the day ran, from the data of each moment; corrections keep the original one click away. Informational only — not investment advice.

Scheduled and released

• UMich consumer sentiment (final, 10:00 AM ET) — released; no reading captured

Headlines of the day

1. 4:04 AM ETNasdaq and S&P 500 close sharply lower as AI angst returns; Dow ends flat — MarketWatch
2. 4:04 AM ETOil prices near Iran-war highs as soaring tanker rates trigger an energy squeeze — MarketWatch
3. 4:04 AM ETTreasury yields see extreme plunge. Why investors are ducking for cover. — MarketWatch
4. 4:04 AM ETMeta stock sinks nearly 7% as AI spend pushes free cash flow negative — CNBC Earnings
5. 4:04 AM ETVolvo Cars shares plunge 31% amid China, U.S. slump and fresh job cuts — CNBC Earnings
6. 4:04 AM ET3 big reasons Micron and other chip stocks fell hard on Thursday — MarketWatch
7. 5:31 AM ETU.S. oil holds above $100, Brent at five-month high as Iran says it’s prepared for warfare — CNBC
8. 5:31 AM ETAmerican Airlines forecasts bigger loss in 2026 on fuel spike, plans to slow growth next year — CNBC Earnings
9. 6:01 AM ETNasdaq and S&P 500 sliding in final hour as AI angst returns to the stock market — MarketWatch
10. 7:02 AM ETFrance is getting its credit rating reviewed. What to expect as French debt turmoil has helped turn U.S. Treasury yields around. — MarketWatch
11. 7:31 AM ETTreasury yields log biggest drop since the 2023 banking crisis. Here’s what’s going on. — MarketWatch
12. 8:31 AM ET10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries — CNBC
13. 9:02 AM ETModerna shares plunge after cancer vaccine data leaks — despite positive results — CNBC
14. 10:01 AM ETAmerican Express is cutting 5% of its workforce to 'prepare for AI' — CNBC
15. 3:31 PM ETDow falling sharply in final hour; Nasdaq down after giving up gains — MarketWatch
16. 3:31 PM ETSurging economy gets off to good start in 4th quarter, but there’s a big problem — MarketWatch
17. 3:31 PM ETOil markets are on edge as midterms near and fresh U.S. strikes on Iran loom — MarketWatch
18. 3:31 PM ETQatar deal to buy U.S. natural gas shows how Iran war has redrawn global energy markets — CNBC World
19. 4:02 PM ETU.S. dropping some Canada tariffs, Susan Collins says as trade war looms over Maine Senate race — CNBC
20. 4:32 PM ETDow ends 650 points down, S&P 500 and Nasdaq fall as oil prices hit 6-month high — MarketWatch
21. 4:32 PM ETOil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted — MarketWatch
22. 5:01 PM ETMeta shares are down 9% this week. Here's why Mike Khouw is buying now — CNBC
23. 6:01 PM ETThis hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%. — MarketWatch
24. 6:31 PM ETMoody's holds steady on France's credit rating as country grapples with turmoil and higher yields — CNBC
25. 7:02 PM ETAI's 'Black October': Critical PHP flaws set off global security scramble — CNBC World

Monday's session closed mostly higher on a tech-sector bounce, and the Dow added 500 points Tuesday as the Nasdaq gave up gains. Thursday reversed course: AI-spending worries sent Meta shares down nearly 7% and hit chip stocks, pulling the Nasdaq and S&P 500 lower while the Dow held flat. Oil climbed to a six-month high by Friday's close, when the Dow fell 650 points and the S&P 500 and Nasdaq also declined. The 10-year Treasury yield ended the week at 5.00%, down 9 basis points from the prior Friday, after touching 5.15% early in the week. Salesforce's $5.66 billion deal for Braze sent that stock up 51% Tuesday, and the final UMich consumer sentiment reading came out Friday morning. The next trading session is Monday, October 26, with the Fed's rate decision due Wednesday, October 28, and the US PCE inflation report Thursday, October 29.

AI-generated at that day's close, from the week's data to that point. Informational only — not investment advice.