Nasdaq Composite closes 0.2 percent lower as AI worries persist
Published on 10/23/2026 at 23:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFederal Reserve decision on October 28
- October 23 close: 25,955 points, down 54 points or 0.2 percent.
- Thursday's AI selloff erased 2.6 percent before technology shares stabilized.
- Cloudflare gained 6.0 percent as cybersecurity shares rallied.
- Verizon reports October 26 at 8:30 a.m. ET before the Nasdaq open.
The Nasdaq Composite closed on October 23, 2026 at 25,955 points, down 54 points or 0.2 percent. AI spending concerns followed Thursday's 2.6 percent selloff as technology shares stabilized, Reuters via Yahoo Finance reported.
Cloudflare rose 6.0 percent as cybersecurity stocks rallied, while Meta fell 1.3 percent after its heavy AI investment spending renewed investor concern. The stock moves were reported by Reuters via StreetInsider and Yahoo Finance.
Why did the Nasdaq Composite recover after Thursday's selloff?
Chip stocks helped steady the index. The Philadelphia Semiconductor Index rose 1.4 percent, while Nvidia gained 0.3 percent, Micron Technology advanced 2.5 percent and Intel climbed 3.8 percent at midday, according to Reuters.
Telecom shares moved in the opposite direction after reports that SpaceX was discussing access to cell towers. Crown Castle and American Tower gained, while wireless carriers weakened. The news added a separate sector rotation to the broader debate over AI investment returns.
Nasdaq Composite trading range and market breadth
The Nasdaq Composite reached 26,112 points at the high and 25,866 points at the low. It finished below the October 22 close of 26,009 points, with the final level and range shown by Nasdaq. The index lost 0.2 percent for the session and 0.5 percent over the week, according to Yahoo Finance.
What comes next for the Nasdaq Composite
- October 26, 2026, 8:30 a.m. ET: Verizon releases quarterly earnings before the next Nasdaq session, CNBC reports.
- October 27, 2026, 8:30 a.m. ET: September durable goods orders are scheduled for release, with a 0.6 percent consensus forecast, StockTitan says.
- October 28, 2026, 2:00 p.m. ET: The Federal Reserve is scheduled to announce its interest-rate decision, followed by Microsoft and Alphabet earnings, StockTitan reports.
Nasdaq Composite price data for October 23, 2026
The Nasdaq Composite closed at 25,955 points on October 23, 2026, down 54 points or 0.2 percent, AP News reported. The previous close was 26,009 points on October 22, 2026. The day high was 26,112 points and the day low was 25,866 points.
Nasdaq Composite by the numbers on October 23, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq, United States
- Close on October 23, 2026: 25,955 points
- Change versus previous close of October 22, 2026: down 54 points (down 0.2 percent)
- Previous close: 26,009 points
- Day high / day low: 26,112 points / 25,866 points
- Top gainer: Cloudflare up 6.0 percent
- Top loser: Meta down 1.3 percent
- Next scheduled event: October 26, 2026, 8:30 a.m. ET: Verizon earnings
