Dow falls about 1% on Friday as Nasdaq steadies after tech sell-off; Brent tops $116

US stock indexes were mixed on Friday 23 October, a day after a sell-off in technology shares. As of about 6:07pm GMT, the Dow Jones Industrial Average was down 1.2% and the S&P 500 was down 0.4%, while the Nasdaq Composite was close to flat, Yahoo Finance reported. Trading on Wall Street ends at 8pm GMT.

Earlier in the afternoon, Reuters reported the Dow down 476.25 points, or 0.9%, at 52,391.73, the S&P 500 down 0.14% at 7,652.96 and the Nasdaq up 0.21% at 26,062.75. An index of semiconductor shares rose about 1% after posting its biggest one-day fall since June on Thursday, Reuters said.

American Express shares fell 3.5% after its quarterly results, and telecom shares including Verizon fell after a Bloomberg News report that SpaceX was in talks about launching a US wireless carrier programme, according to Reuters.

Brent crude futures rose 2.6% to $116.13 a barrel, the highest level for the benchmark since 30 April, and US West Texas Intermediate rose about 3% to $102.56, CNBC reported. Reuters cited Houthi attacks in Saudi Arabia and an oil spill reported by authorities in the United Arab Emirates.

The yield on the 10-year US Treasury note was up 3.7 basis points at 4.992%, Reuters reported. In Europe, the STOXX 600 index fell 0.4%.

For Thursday’s trading, see our earlier report.