Nasdaq Slides 2% Friday, Worst Week Since June — SkimNews
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- Nasdaq slid 2% on Friday, Oct. 16, 2026, cementing its worst week since June and snapping a four-week winning streak amid an AI-driven sell-off and oil pressure
- S&P 500 joined the Nasdaq in posting its worst week since June, as a deepening tech rout pulled the Dow lower on the same session
Why it matters: The Nasdaq's 2% Friday drop ended a four-week winning streak and sealed the index's worst week since June, with the AI sell-off and oil pressure combining to flip recent tech leadership into the primary drag on the broader market.
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