The S&P 500 closed down 1.22% at 7,662.54 on Thursday, while the Nasdaq Composite tumbled 2.60% to 26,008.86 as technology shares weighed heavily on the broader market. The Dow Jones Industrial Average bucked the trend, edging up 0.02% to 52,867.98. The small-cap Russell 2000 added 0.11%, the 10-year Treasury yield fell 3.77% to 4.952%, and the VIX volatility index jumped 14.09% to 19.03 as traders priced in more hedging demand.
| Index | Close | Change |
|---|---|---|
| S&P 500 | 7,662.54 | -1.22% |
| Dow Jones Industrial Average | 52,867.98 | +0.02% |
| Nasdaq Composite | 26,008.86 | -2.60% |
| Russell 2000 | 2,784.03 | +0.11% |
| VIX (volatility index) | 19.03 | +14.09% |
| 10-year Treasury yield | 4.952% | -3.77% |
Source: Index levels at the close · as of October 22, 2026 at 5:02 PM ET · The 10-year Treasury yield is shown as a yield; its change is the percentage change in that yield.
The biggest S&P 500 moves
Allegion led S&P 500 gainers, up 11.02%, after RTTNews reported the company raised its full-year adjusted earnings guidance following stronger quarterly results. Roper Technologies rose 9.73% after Benzinga reported the industrial technology firm lifted its full-year adjusted earnings per share outlook. Blackstone climbed 8.38% even as Reuters reported the asset manager posted lower third-quarter profit, with choppy markets limiting its ability to exit investments. Lennar gained 8.69% and General Mills rose 8.01%.
On the downside, Moderna fell 17.57% after Benzinga reported that Phase 3 trial results for its cancer therapy, developed with Merck, showed less of a benefit than its earlier trial had suggested. Coherent dropped 12.51%, Lam Research slid 11.76%, Lumentum fell 11.54%, and Flex declined 11.08%.
Source: Closing prices against the prior close, S&P 500 members · as of October 22, 2026 at 5:02 PM ET
| Stock | Company | Close | Change |
|---|---|---|---|
| ALLE | Allegion | $176.52 | +11.02% |
| ROP | Roper Technologies | $436.23 | +9.73% |
| LEN | Lennar | $84.45 | +8.69% |
| BX | Blackstone Inc. | $118.75 | +8.38% |
| GIS | General Mills | $35.18 | +8.01% |
Source: Closing prices against the prior close, S&P 500 members · as of October 22, 2026 at 5:02 PM ET
| Stock | Company | Close | Change |
|---|---|---|---|
| MRNA | Moderna | $202.63 | -17.57% |
| COHR | Coherent, Inc. | $207.82 | -12.51% |
| LRCX | Lam Research | $230.15 | -11.76% |
| LITE | Lumentum Holdings Inc. | $752.54 | -11.54% |
| FLEX | Flex Ltd. | $76.69 | -11.08% |
Source: Closing prices against the prior close, S&P 500 members · as of October 22, 2026 at 5:02 PM ET
Sectors
Six of the eleven sectors finished higher. Consumer staples led with a gain of 3.31%, followed by utilities and health care, while real estate and financials each rose just over 1%. Technology lagged badly, falling 3.29%, with communication services, industrials and energy also finishing lower.
| Sector | Change |
|---|---|
| Consumer staples | +3.31% |
| Utilities | +2.07% |
| Health care | +1.32% |
| Real estate | +1.09% |
| Financials | +1.09% |
| Materials | +0.72% |
| Consumer discretionary | -0.45% |
| Energy | -0.87% |
| Industrials | -0.94% |
| Communication services | -1.42% |
| Technology | -3.29% |
Source: Sector index funds, change on the day · as of October 22, 2026 at 5:02 PM ET
New highs and lows
Thirty-eight S&P 500 stocks touched a 52-week high on Thursday, including Biogen, Republic Services and FactSet. Three stocks touched a 52-week low, among them Las Vegas Sands and Mosaic.
| Stock | Company | Touched | Close | Change |
|---|---|---|---|---|
| BIIB | Biogen | 52-week high | $253.84 | +5.34% |
| RSG | Republic Services | 52-week high | $241.90 | +5.03% |
| FDS | FactSet | 52-week high | $335.45 | +4.86% |
| MRSH | Marsh & McLennan Companies, Inc. | 52-week high | $199.27 | +4.57% |
| ADP | Automatic Data Processing | 52-week high | $307.94 | +4.56% |
| CDW | CDW | 52-week high | $164.62 | +4.01% |
| ED | Consolidated Edison | 52-week high | $116.26 | +3.97% |
| CI | Cigna | 52-week high | $315.88 | +3.78% |
| LVS | Las Vegas Sands | 52-week low | $36.53 | -2.61% |
| MOS | Mosaic Company (The) | 52-week low | $17.27 | -2.32% |
| CMG | Chipotle Mexican Grill | 52-week low | $28.14 | +0.07% |
Source: Session range against the 52-week range, S&P 500 members · as of October 22, 2026 at 5:02 PM ET · 38 at a high and 3 at a low in all; the largest moves are listed.
On the calendar
Initial jobless claims for the week ended October 17 fell to 194,000, below the consensus estimate of 200,000. Continuing jobless claims for the week ended October 10 rose to 1,728,000, above the consensus estimate of 1,720,000. The four-week moving average of initial claims eased to 197,750, below the forecast of 200,000.
Tomorrow, American Express and Schlumberger are set to report earnings before the opening bell.
| Time (ET) | Release | Actual | Consensus | Prior |
|---|---|---|---|---|
| 8:30 AM | Initial Jobless Claims (Oct/17) | 194K | 200K | 200K |
| 8:30 AM | Continuing Jobless Claims (Oct/10) | 1,728K | 1,720K | 1,703K |
| 8:30 AM | Jobless Claims 4-Week Average (Oct/17) | 197.75K | 200K | 198.75K |
Source: Economic calendar, US releases of high and medium impact
| When | What | Estimate |
|---|---|---|
| Before the open | AXP (American Express) earnings | $4.50 |
| Before the open | SLB (Schlumberger) earnings | $0.62 |
Source: Economic and company earnings calendars