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Delayed 15 min · 14:43 GMT

FLASH

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Markets

Chip stocks’ longest slide since 2008 drags Nasdaq 100 to worst week since April 2025

An eight-day chipmaker selloff has wiped out the Nasdaq’s winning run. Investors are now asking whether AI spending will ever pay back.

News | 17 October 2026

Chip stocks’ longest slide since 2008 drags Nasdaq 100 to worst week since April 2025

The AI trade just had its worst week in 18 months.

The Nasdaq 100 posted its steepest weekly drop since the April 2025 tariff shock, and chipmakers fell for an eighth straight day, their longest losing streak since 2008. An eight-day chipmaker selloff has wiped out the Nasdaq’s winning run. Investors are now asking whether AI spending will ever pay back.

Investors are now asking whether the AI infrastructure boom has run ahead of the returns it can generate.

CoreWeave, the Nvidia-backed neocloud, became the symbol of that worry: its shares lost 12% on Friday, and its $50 billion debt pile is unsettling the whole sector.

Money is rotating instead. The equal-weighted S&P had its best week against tech since 2009.