{
  "id": 16236328,
  "title": "Stocks fall, but tech shares steady after selloff; oil hits highest in nearly six months",
  "url": "https://urgent.news/2026/10/23/stocks-fall-but-tech-shares-steady-after-selloff-oil-hits-highest-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T16:38:14.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/stocks-fall-tech-shares-steady-after-selloff-oil-hits-highest-in-nearly-six-months-6485001"
  },
  "original_language": "en",
  "account": "Major stock indexes closed lower on Friday, while technology shares remained relatively stable, as Brent crude oil hit its highest level in nearly six months due to Houthi attacks in Saudi Arabia. The Nasdaq experienced a slight decline, and European shares also ended the day lower. The semiconductor index rose by 0.4 percent, with the S&P 500 technology index gaining 0.4 percent. The S&P 500 energy sector saw a record high, with a 2.5 percent increase. Houthi attacks in Saudi Arabia heightened concerns about potential disruptions to energy supplies from the Middle East, where UAE authorities reported an oil spill. Brent crude futures ended at $116.72 a barrel, up $3.55 or 3.14 percent, marking the highest level since April 29. US West Texas Intermediate crude closed at $103.27 a barrel, increasing by $3.80 or 3.8 percent. Brent finished the week up 6 percent, while West Texas Intermediate (WTI) ended 2.3 percent higher. US Treasury yields rose after the benchmark 10-year yield posted its biggest one-day drop in nearly four years, with Thursday's decline being the largest since early 2020. Despite the volatility, the 10-year yield remained under 5 percent, with concerns about the sustainability of the rally in AI-related stocks still present. The 10-year Treasury note's yield rose by 3.7 basis points to 4.99 percent. AI shares were mixed, with Meta Platforms down 1 percent, while Microsoft and Alphabet fell, along with Amazon. French government bonds stabilized after recent volatility, as the euro fell for the week, and euro zone bonds showed stability. France plans to deploy 70,000 police for protests on Saturday amid unrest and budget problems. The euro was last down 0.21 percent against the dollar at $1.1191. European stocks saw their steepest weekly loss since early September, with the pan-European STOXX 600 index falling 0.31 percent to 635.77 points. For the week, the benchmark fell approximately 1.4 percent. French yields, which were down 5 basis points at 5.04 percent, have risen nearly 27 basis points this week, the highest level since late May.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}