US stocks fell on 16 October, with the S&P 500 down 1.1% for its biggest weekly drop since June and the Nasdaq 100 down 2.5% on the day, its worst week since April 2025. Higher oil prices revived inflation worries, while doubts over the AI investment boom hit chip stocks and CoreWeave.
S&P 500 logs biggest weekly fall since June as Nasdaq 100 drops 2.5%
NewsFeeds update
The story so far: KOSPI decline led by chipmakers
An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.
Headlines only, oldest first. Open a headline for the full update and the outlet it came from.
S&P 500 logs biggest weekly fall since June as Nasdaq 100 drops 2.5%
More Macro updates
Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.
Breaking news and our own Originals on your phone or desktop, the moment they are out. A few alerts a day at most.
