Tech names slip as Meta leads losses
Meta Platforms fell the most among tracked stocks by Oct 22, 20:00 UTC; most big-cap techs and Nasdaq-linked ETFs were lower by the close.
Where prices stand
As of Oct 22, 20:00 UTC, the biggest move among tracked names was Meta Platforms, which fell 6.98% from the prior close to $648.85. Other moves: Amazon fell 4.57% from the prior close to $250.38; NVIDIA fell 4.40% from the prior close to $212.21; Alphabet fell 3.15% from the prior close to $324.22; Tesla fell 3.08% from the prior close to $374.58; the QQQ ETF (tracks Nasdaq 100; its price is NOT the Nasdaq 100 level) fell 2.86% from the prior close to $704.47; Microsoft fell 2.23% from the prior close to $521.08; Apple rose 1.23% from the prior close to $348.22; the SPY ETF (tracks S&P 500; its price is NOT the S&P 500 level) fell 1.18% from the prior close to $763.96; and JPMorgan Chase rose 0.40% from the prior close to $336.54.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| NVIDIA | $212.21 | +0.30% | -4.40% | Oct 22, 20:00 UTC | Finnhub |
| Apple | $348.22 | +0.30% | +1.23% | Oct 22, 20:00 UTC | Finnhub |
| Microsoft | $521.08 | -0.14% | -2.23% | Oct 22, 20:00 UTC | Finnhub |
| Amazon | $250.38 | +3.26% | -4.57% | Oct 22, 20:00 UTC | Finnhub |
| Alphabet | $324.22 | -3.71% | -3.15% | Oct 22, 20:00 UTC | Finnhub |
| Meta Platforms | $648.85 | -5.43% | -6.98% | Oct 22, 20:00 UTC | Finnhub |
| Tesla | $374.58 | +5.26% | -3.08% | Oct 22, 20:00 UTC | Finnhub |
| JPMorgan Chase | $336.54 | -0.03% | +0.40% | Oct 22, 20:00 UTC | Finnhub |
In the news
Cnbc.com published an Investing Club afternoon update covering the Nasdaq rout and some bright spots in the market. Yahoo posted an update summarising index and price moves along with macro and company and geopolitical news. globalnews.ca reported that drops for stocks in the artificial-intelligence industry are dragging markets down worldwide while oil rises.
- The perfect storm behind the Nasdaq's rout — plus, some of the bright spots in the market — cnbc.com, Oct 22, 18:23 UTC
- Update: US Equity Indexes Drop as AI Trade Loses Shine After Meta's Results While Crude Oil Jumps as Iran Warns of Invasion — Yahoo, Oct 22, 17:41 UTC
- AI stocks weigh on markets Thursday as oil rises to highest price since May - National — globalnews.ca, Oct 22, 17:39 UTC
- Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them — Yahoo, Oct 22, 17:33 UTC
What to watch
OMC Q3 2026 earnings is scheduled Thu Oct 22 (after the close); FIX Q3 2026 earnings is scheduled Thu Oct 22 (after the close); and NEM Q3 2026 earnings is scheduled Thu Oct 22 (after the close).
- Thu Oct 22 (after the close) — NEM Q3 2026 earnings · EPS estimate 2.11
- Thu Oct 22 (after the close) — OMC Q3 2026 earnings · EPS estimate 2.66
- Thu Oct 22 (after the close) — BWMX Q3 2026 earnings · EPS estimate 11.31
- Thu Oct 22 (after the close) — WDC Q1 2027 earnings · EPS estimate 4.13
- Thu Oct 22 (after the close) — FIX Q3 2026 earnings · EPS estimate 13.00
- Fri Oct 23 (before the open) — AXP Q3 2026 earnings · EPS estimate 4.53
Sources and data
- cnbc.com (secondary source) — The perfect storm behind the Nasdaq's rout — plus, some of the bright spots in the market
- Yahoo (secondary source) — Update: US Equity Indexes Drop as AI Trade Loses Shine After Meta's Results While Crude Oil Jumps as Iran Warns of Invasion
- globalnews.ca (secondary source) — AI stocks weigh on markets Thursday as oil rises to highest price since May - National
- Finnhub (market data) — market data
Market data as of Oct 22, 20:00 UTC; report generated Oct 22, 20:01 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Earnings per share (EPS)
A company's net profit attributable to ordinary shareholders divided by its average number of shares.
Sources & data
- cnbc.com (secondary, retrieved Oct 22, 2026, 08:04 PM UTC)
- Yahoo (secondary, retrieved Oct 22, 2026, 08:04 PM UTC)
- globalnews.ca (secondary, retrieved Oct 22, 2026, 08:04 PM UTC)
- Finnhub (market-data, retrieved Oct 22, 2026, 08:04 PM UTC)
Market data as of Oct 22, 2026, 08:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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