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October 16, 2026

Nasdaq falls 2.14% as technology stocks come under pressure

The broadcast said the Nasdaq fell 2.14% on Friday, the S&P 500 fell 1.09%, and the Dow Jones declined 0.34%. Later, a host separately cited a 2.4% Nasdaq drop amid renewed pressure on AI-related shares and said the index was down 4.7% for the week. The host noted that a weekly decline of more than 4.68% would be the worst since the tariff meltdown. The hosts cited Jim Cramer describing the day as one of the worst of the year. The figures were stated in separate remarks and do not fully match, so they are reported separately.

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