Stock Market Today: S&P 500 Drops 1.82% as Tech Weighs on Major Indexes
US stocks pulled back on Friday as the Nasdaq tumbled 2.86% and the VIX jumped 12.91%, while Energy and Consumer Staples sectors posted gains.
- The S&P 500 dropped 140.32 points, or 1.82%, to finish at 7,580.07.
- Information Technology was the weakest sector, sliding 4.89%, while Energy climbed 1.91%.
- The VIX jumped 2.22 points, or 12.91%, to close at 19.42.
Major Indexes Tumble Across the Board
US stocks closed lower on Friday, led down by a sharp slide in technology shares. The S&P 500 declined 1.82% to finish at 7,580.07, while the Nasdaq Composite fell 2.86% to 25,437.00. The Dow Jones Industrial Average dropped 1.09% to 51,770.31, and the small-cap Russell 2000 slipped 1.66% to end the session at 2,811.84.
Energy Leads as Tech Suffers Steep Losses
Sector performance was divided, with six of the eleven sectors finishing in positive territory. Energy gained 1.91% and Consumer Staples rose 1.41%, while Utilities added 0.67%. In contrast, Information Technology was the worst performer by a wide margin, dropping 4.89%, followed by Industrials with a 1.60% decline.
Market Breadth and Volatility
Decliners outnumbered advancers across the S&P Composite 1500, with 938 falling stocks against 565 gainers. Within the universe, 54.00% of stocks closed above their 50-day moving average and 53.00% remained above their 200-day moving average. The Cboe Volatility Index surged 12.91% to 19.42, while 86 issues touched fresh 52-week highs compared with 23 hitting new lows.
Notable Corporate Movers
FedEx Freight led gainers, surging 14.91% to $126.04, while BrightSpring Health Services rose 11.08% after reporting third-quarter results and raising full-year guidance. On the downside, Reddit tumbled 29.22% to $91.73 and Intel sank 28.58% to $65.76. AbbVie gained 1.41% to $294.89 and hit a 52-week high after reporting third-quarter results and boosting its full-year outlook.
On Deck for the Next Session
Trading resumes on Monday, November 2, 2026. Earnings reports scheduled before the market open include Marriott International and Entergy Corporation. After the closing bell, quarterly results are expected from Apple, Palantir Technologies, Vertex Pharmaceuticals, and Diamondback Energy.
Written with AI (Google Gemini) from the closing data in the tables on this page; every figure in the text was checked against that data before publishing. Prices are end-of-day. Not investment advice.