Wall Street Opens Mixed as Small Caps and Banks Outperform While Gold, Silver and Chip Stocks Slide
Executive summary: U.S. markets opened with a split tone, as the Russell 2000 and financials led gains while the S&P 500, Nasdaq and several high-beta groups slipped. The sharpest pressure showed up in precious metals and chip-related stocks, with gold, silver, palladium and SOXX all lower. The move points to a rotation away from crowded defensive and AI-linked trades, even as small caps and banks found support. [Continue Reading]
360LiveNews Markets Intelligence | 23 Oct 2026 14:45 LONDON
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Wall Street closes mixed as Nasdaq sinks on AI fatigue, Dow and small caps hold up
Executive summary: U.S. markets finished with a sharp split on the day, as mega-cap tech and chip shares led a broad Nasdaq retreat while the Dow and Russell 2000 managed gains. Meta’s steep drop, weakness in Nvidia and the SOXX chip complex, and a slide in crude and natural gas weighed on risk appetite, while banks, energy and some cyclicals outperformed. The move underscores a rotation away from crowded AI winners and toward parts of the market tied more closely to rates, value and domestic growth. [Continue Reading]
360LiveNews Markets Intelligence | 22 Oct 2026 21:15 LONDON
