S&P 500 and Nasdaq slide to a five-week low in Friday trading
As seen on the 24/7 Wall St. homepage on October 23, 2026.
Five weeks of gains are gone on a decline of less than half a percent, which tells you how thin the cushion under this market had become.
S&P 500 AND NASDAQ HIT A FIVE-WEEK LOW; LAST DOWN 0.4% AND 0.2%, RESPECTIVELY
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A five-week low on October 23, 2026 means every gain the S&P 500 and the Nasdaq built over that stretch is gone. The S&P 500 is off 0.4% at last check.
Giving back a multi-week advance on a sub-half-percent move shows buyers were never deeply committed on the way up.
Thin cushions compress faster once selling pressure arrives, so keep an eye on whether dip buyers defend this range.
Both major indexes now sit where they stood five weeks ago.