# Nasdaq Slides 2% Friday

> Nasdaq drops 2.14% Friday as AI sell-off and oil prices pressure markets.
- Title: Nasdaq Slides 2% Friday · CNBC | Shortify
- Summary: Nasdaq drops 2.14% Friday as AI sell-off and oil prices pressure markets. Nasdaq Composite falls 2.14% to 26,140.03, marking its worst week since June amid…
- Keywords: nasdaq, s&p 500, oil prices, ai sell-off, volatility index, coreweave, wholesale inflation, fed, dow jones, cboe volatility index, business, finance
- Source: CNBC — https://cnbc.com/2026/10/15/stock-market-today-live-updates.html
- Author: Sean Conlon,Justina Lee
- Published: 2026-10-15T22:02:25+00:00
- Read time: 2 min
- Topics: nasdaq, s&p 500, oil prices, ai sell-off, volatility index, coreweave, wholesale inflation, fed, dow jones, cboe volatility index, business, finance
## Stocks slide Friday
The S&P 500 dropped 1.09% to 7,659.44, while Nasdaq Composite fell 2.14% to 26,140.03.
## Indexes below 50-day moving averages
Both indexes closed below their 50-day moving averages, with VIX rising above 22 for the first time in four months.
## Nasdaq worst week since June
Nasdaq Composite lost 4.0% this week, marking its worst performance since April 2025.
## Semiconductors decline
VanEck Semiconductor ETF (SMH) dropped 3%, led by Micron Technology, Advanced Micro Devices and Sandisk.
## AI debt concerns
CoreWeave's debt rose to over $51 billion, causing shares to drop 12% with week-to-date losses of 25%.
## Oil prices rise
West Texas Intermediate crude futures increased 3.51% to $101.41 per barrel, while Brent crude advanced 3.72% to $109.86.
## Wholesale inflation up
Wholesale inflation saw its biggest gain since 2022, with consumer inflation remaining well above 2% target.
## Fed comments
Fed Chairman Kevin Warsh spoke at IMF event in Bangkok, with traders expecting 82% chance of rate hold at Oct. 27-28 meeting.
## S&P 500 sectors
Communication services and information technology led S&P 500 lower, with consumer discretionary falling 1.5%.
## CoreWeave sell-off
CoreWeave shares dropped 4% premarket after concerns over its $51 billion debt pile and higher interest rates.
## Nordex earnings
Nordex raised full-year 2026 EBITDA margin guidance to 11.5% to 12.5% from 8% to 11%.
## Kospi drops 14.5%
South Korea's Kospi fell 14.5% to its worst performance since October 2008, with Samsung and SK Hynix down 20% and 25%.
## Hybe shares rise
Hybe shares surged 10% after third-quarter earnings outlook with concert revenue tripling to 717 billion won.
## Travelers earnings
Travelers reported third-quarter earnings of $9.18 per share on $12.48 billion revenue, beating analyst expectations.
## Berkshire Hathaway investment
Berkshire Hathaway made $330 million investment in Italian private equity firm Bending Spoons.
## What happens next
Markets face heightened volatility as AI debt concerns and oil prices continue to pressure equities.
## Key takeaway

Nasdaq Composite falls 2.14% to 26,140.03, marking its worst week since June amid AI sell-off and rising oil prices.