Meta Tumbles 6% on AI Spending Fears, 10-Year Yield Falls Below 5%: Stock Market Today
Meta's higher AI spending plan drags tech lower as Treasurys rally and the 10-year yield drops below 5%. Gold, silver and Bitcoin fall; oil climbs.
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Procter & Gamble stock jumps more than 6% on Thursday, its biggest one-day gain since March 2020, after first-quarter results. XLP rose 2.6%.
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Meta's higher AI spending plan drags tech lower as Treasurys rally and the 10-year yield drops below 5%. Gold, silver and Bitcoin fall; oil climbs.
Vanguard Consumer Staples ETF (VDC) is recommended as the better buy for most investors due to its ultra-low 0.09% expense ratio and superior 5-year performance (44% total return, 7.6% CAGR), despite focusing only on U.S. companies. iShares Global Consumer Staples ETF (KXI) offers international diversification with 60% U.S. and 40% international exposure and slightly higher dividend yield (2.3% vs 2.1%), but charges a higher 0.38% expense ratio and delivered lower returns (31% total return, 5.5% CAGR).
Filed: 2026-10-22 AccNo: 0000080424-26-000252 Size: 4 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Micron (MU) stock drops 6.2% to $857 amid a tech selloff, Taiwan strike risks, and critical support testing at $804. Read key details.
Technology stocks faced pressure last week as AI financing concerns weighed on investor sentiment, causing AI infrastructure providers CoreWeave and Nebius to plunge over 25%. However, semiconductor equipment makers ASML and TSMC signaled robust underlying AI chip demand. Analysts emphasize that investors should focus on companies converting AI spending into sustainable earnings growth, with valuations and growth prospects varying significantly across major tech players.
Walmart stock is on track for its best month since 2014 and its widest lead over the S&P 500 since 2020. History shows when that preceded a recession.