S&P 500 Closes Down 1.8% as Tech Leads Broad Market Sell-Off
As seen on the 24/7 Wall St. homepage on October 30, 2026.
- S&P 500-1.80%
- Dow Jones Industrial Average-1.31%
- Nasdaq Composite-2.86%
The Nasdaq's 2.86% drop was more than double the Dow's decline, so the damage was concentrated in the AI and growth names that carried the market all year. Investors sitting in tech-heavy portfolios took the worst of it.
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The S&P 500 shed 139 points to close at 7,581.40, with the selling accelerating in the final two hours of trading.
The Nasdaq Composite fell 2.86%, more than double the Dow Jones Industrial Average's decline, concentrating the session's losses in higher-growth technology names.
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Portfolios weighted toward AI and tech took meaningfully worse damage than the headline S&P 500 figure suggests.
The steepest leg of selling pushed losses toward 1.9% before a partial recovery at the bell, setting the tone for futures and overseas markets overnight.