# Dow drops 100 points as tech stocks fall

> Dow loses 100 points, S&P 500 snaps 3-day advance as Alphabet and Caterpillar tank.
- Title: Dow drops 100 points as tech stocks fall · CNBC | Shortify
- Summary: Dow loses 100 points, S&P 500 snaps 3-day advance as Alphabet and Caterpillar tank.
- Keywords: dow jones, s&p 500, alphabet, caterpillar, stock market, tech stocks, corporate earnings, financial markets, stock prices, market downturn, CNBC
- Source: CNBC — https://cnbc.com/2026/10/28/stock-market-today-live-updates.html
- Author: Sean Conlon,Hugh Leask,Justina Lee,Paulina Likos
- Published: 2026-10-28T22:06:11+00:00
- Read time: 2 min
- Topics: dow jones, s&p 500, alphabet, caterpillar, stock market, tech stocks, corporate earnings, financial markets, stock prices, market downturn, news, world
## Stocks fall
The Nasdaq Composite shed 1.38% to end at 26,184.72, while the S&P 500 slipped 0.3% to close at 7,720.39 and snapped a three-day advance.
## Alphabet slumps
Alphabet lost 12% after missing earnings expectations and reporting negative free cash flow of $9.07 billion.
## Caterpillar drops
Caterpillar slid more than 9% despite reporting better-than-expected revenue and earnings for the third quarter.
## Microsoft dips
Microsoft reversed its initial advance after growth in Azure cloud infrastructure helped earnings and revenue beat analyst estimates.
## AI stocks struggle
AI stocks, including the iShares Semiconductor ETF (SOXX) and Roundhill Memory ETF (DRAM), fell more than 1% and 4% respectively.
## Fed holds rates
The Federal Reserve held interest rates steady, with inflation remaining elevated but more information needed before further action.
## S&P sectors split
Seven out of 11 S&P 500 sectors rose, with real estate up 2.1% and healthcare rising 1.9%.
## Eli Lilly surges
Eli Lilly rose 8% after strong third-quarter results and raising full-year revenue guidance to $91 billion to $92 billion.
## Volkswagen slumps
Volkswagen reported a $6.6 billion loss amid Chinese market weakness and U.S. tariff costs.
## Carlsberg sales drop
Carlsberg reported a decline in beer sales as consumers across all generations moderated alcohol consumption.
## Airbus mixed results
Airbus reported revenue of $19.5 billion but missed sales expectations, with a confidence boost in meeting its delivery target.
## Shell profits double
Shell reported better-than-expected profit and record refining margins, doubling its quarterly share buyback program.
## Renault sales drop
Renault reported a 6% drop in third-quarter car sales despite rising electric vehicle adoption.
## Samsung profit steady
Samsung reported third-quarter profit in line with estimates amid rising demand for AI memory chips.
## Market reactions
Most S&P 500 sectors traded in the green, with real estate and healthcare leading gains.
## Market close
The three major U.S. indexes ended Thursday's session in the red, with the S&P 500 down 0.3% and Nasdaq down 1.38%.
## Key takeaway

Dow Jones Industrial Average fell 132.54 points to 52,342.56, S&P 500 ended at 7,720.39 after snapping a three-day gain, with Alphabet down 12% and Caterpillar sliding 9%.