S&P 500 Closes Down 0.5% as the Dow Takes the Harder Hit
As seen on the 24/7 Wall St. homepage on October 23, 2026.
CLOSING BELL
U.S. Markets
- S&P 500-0.52%
- Dow Jones Industrial Average-1.11%
- Nasdaq Composite-0.11%
The selling was concentrated in old-economy names: the Dow gave up 585 points while the Nasdaq finished nearly flat. The damage today sat outside of tech, so check your positioning, not just the headline index number.
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The S&P 500's 0.5% slide hides where the real pressure landed.
The Dow fell about 1.1% while the Nasdaq Composite finished down just 0.1%, concentrating the selling in industrial and old-economy names.
Anyone heavy in financials, industrials, or consumer staples is underestimating this pullback.
Keep an eye on whether the Dow's weakness turns into a sector leadership shift.