WEEKLY RECAP · October 23, 2026
Weekly market recap · October 19–23, 2026
The main takeaway: this was a mixed week, with smaller companies holding up better than major technology shares. Next, watch whether earnings outlooks and the Fed’s message support that broader strength.
The week in markets
Big U.S. stocks ended the week slightly lower: the S&P 500 fell 0.47%, while the Nasdaq-100 fund QQQ lost 0.76%. Weakness in some of the largest technology companies weighed on the main indexes.
Where stocks showed strength
The picture was stronger beneath the headline indexes. More stocks rose than fell, and the Russell 2000 index of smaller companies gained about 2%, showing that the week’s weakness was not shared across the market.
Weekly stock movers
Hasbro led the weekly gainers with an 18.91% rise, followed by Charles River Laboratories at 15.07%. The heatmap also shows strength in Roper Technologies and Allegion.
Weekly stock movers
Comfort Systems fell 19.33% and Howmet Aerospace lost 15.86%, among the week’s steepest declines. Construction-related companies were a weak spot, while several large technology stocks also finished lower.
Earnings in focus
Meta reported profits and sales above expectations, while Tesla’s profits beat estimates and sales were roughly in line. Better-than-expected results do not always lead to a rising share price; investors also weigh the outlook.
Other market moves
Gold fell about 4.1% over the week, while U.S. crude oil gained about 2%. These moves can affect mining and energy companies differently from the broader stock market.
The week ahead
Next week brings the Fed’s October 28 rate decision and a busy earnings calendar. Microsoft and Alphabet are expected to report on October 28, followed by Amazon on October 29; dates can change.
What matters next
The main takeaway: this was a mixed week, with smaller companies holding up better than major technology shares. Next, watch whether earnings outlooks and the Fed’s message support that broader strength.