US Markets Highlights — Oct 24, 2026 | Aivina
October 24, 2026
US equity markets finished the week lower as heavy corporate AI capital spending concerns sparked a sharp decline in key technology stocks. Escalating Middle East tensions pushed energy prices higher, pushing the 10-year Treasury yield toward 5% and reinforcing market inflation fears. With hawkish Fed policy expectations and rising borrowing costs dampening sentiment, risk-off positioning dominates ahead of mega-cap tech earnings.
Highlights
- Tech sell-off driven by AI capital expenditure concerns
- Surging oil prices and climbing yields weigh on equities
- Major indices close lower under risk-off sentiment
Macro Overview
Inflation
Core CPI accelerated to 2.6% in September, with surging energy prices stoking fears of persistent price pressures across manufacturing and transport.
Interest Rate Outlook
The Fed holds funds target at 4.00% after September's hike, with sticky inflation keeping further rate increases on the table.
Risk Sentiment
bearish
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