Market Volatility Persists as Tech Stocks Struggle Amid Trade Concerns
U.S. equity markets swung wildly on October 15, with the Dow Jones Industrial Average surrendering a 400-point gain to close marginally lower. The S&P 500 edged up 0.42%, while the Nasdaq Composite outperformed with a 0.66% rise, buoyed by strong bank earnings from Morgan Stanley and Bank of America.
Beneath the surface, artificial intelligence stocks showed continued weakness. Nvidia slipped 0.01% after an early rally faded, extending its five-day decline to 6%. The Cboe Volatility Index hovered at 20.7—its highest level since May—as investors grappled with trade tensions and a costly government shutdown.