Markets

The Dow fell 653 points.

Reuters and the Associated Press put Friday’s close at 52,215.16, down 1.23 percent. Brent settled at $116.72, the highest since April 29. Thursday’s note was the Nasdaq. This one is Friday.

The Rocket News · Business Desk · New YorkOctober 24, 2026 · 2 min read

A trader in a blue jacket points at a screen on the floor of the New York Stock Exchange. The frame is the floor, not the closing print.

NEW YORK — The Dow fell 653 points on Friday. Reuters and the Associated Press put the close at 52,215.16, down 652.82 points, or 1.23 percent. The S&P 500 lost 39.75 points, or 0.52 percent, to 7,623.68. The Nasdaq composite lost 53.52 points, or 0.21 percent, to 25,955.34. For the week the S&P 500 fell 0.5 percent and the Nasdaq fell 0.7 percent. The Dow rose 0.4 percent, a third straight weekly gain.

Brent crude settled at $116.72 a barrel, up $3.55, or 3.14 percent, the highest since April 29, Reuters reported. West Texas Intermediate closed at $103.27, up $3.80, or 3.8 percent. Reuters tied the jump to Houthi attacks in Saudi Arabia and to an oil spill reported by the United Arab Emirates. The S&P 500 energy sector rose 2.5 percent. American Express fell 3.7 percent and weighed on the Dow. The company raised its profit forecast and said it would cut 5 percent of its workforce. The yield on the 10-year Treasury rose to 4.99 percent, the Associated Press said. Thursday’s note was the Nasdaq’s 2.6 percent drop. This one is Friday’s close.

Brent settled at $116.72.

The photograph is a trader on the floor of the New York Stock Exchange, in a blue jacket, pointing at a screen. It is the floor. It is not the closing print, and it is not Thursday’s tape.

Wire and further reading: reuters.com

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Traders work the floor of the New York Stock Exchange. One man in a blue jacket writes on a tablet while another, in a vest, watches the screens.

Markets

The Nasdaq fell 2.6 percent.

The Associated Press said Thursday’s drop, 694 points to 26,008.86, was the composite’s worst day since June. The S&P 500 fell 1.2 percent. The Dow rose. Meta fell 7 percent, the Times reported.

A Southwest jet, blue with a red and gold tail, flies with the landing gear down against a clear sky.

Airlines

Southwest cut its forecast as fuel stays high.

Adjusted third-quarter profit was 66 cents a share, above the 58 cents analysts expected. The carrier cut its full-year range to $2.60 to $2.85, from $3.25 to $4.25, and sees fourth-quarter fuel at $4.55 a gallon.

Prices

Wholesale prices rose 6.3 percent.

The producer-price index jumped 1.3 percent in September, the biggest monthly gain since March 2022. Energy prices for producers rose 10.8 percent. Economists had expected a much smaller move. Social Security’s cost-of-living raise for next year is 3.6 percent.