AFTER THE CLOSE · October 23, 2026
Closing market recap : Oct 23, 2026, 5:00 PM ET
Stocks slipped as energy strength and mostly strong earnings could not fully offset growth and rate worries. The next big tech and healthcare reports may quickly reset expectations for profits and the economy.
Market overview
The S&P 500 slipped about half a percent, and small caps also fell as most stocks ended lower. Strong recent profits met worries about growth and still‑high borrowing costs.
Sector and industry performance
Energy was the clear winner, with nearly all oil names rising as crude oil surged above $103. Consumer and communication services stocks were among the weakest groups.
Sector and industry performance
Technology stocks were roughly flat overall, holding up better than the broader market. That steadiness helped limit the S&P 500’s decline because big tech now makes up a large share of the index.
Stock movers and news
SLB jumped about 7% after reporting stronger‑than‑expected quarterly results, boosted by higher oil prices. Other energy names like APA and Devon gained as rising crude can quickly lift their cash flow.
Stock movers and news
Comfort Systems and Bloom Energy sank sharply even after reporting profits above forecasts, showing that outlooks matter more than simple beats. Deckers slid after profits topped expectations but sales came in light.
Reported earnings
Recent results from Meta, Tesla, Lam Research, Procter & Gamble, Netflix, American Express, and others all topped profit estimates, pointing to a generally solid earnings season so far.
Upcoming earnings
Next up, investors are watching reports from Amazon, Microsoft, Intel, T‑Mobile, MGM Resorts, and Eli Lilly, plus today’s consumer‑sentiment reading once released, for fresh clues on spending, tech demand, and the economy.
What to watch next
Stocks slipped as energy strength and mostly strong earnings could not fully offset growth and rate worries. The next big tech and healthcare reports may quickly reset expectations for profits and the economy.