Wall Street declines as oil prices surge amid Middle East tensions

Wall Street Brent crude oil Middle East conflict American Express artificial intelligence

Major US stock indices fell on Friday, October 23, 2026, driven by surging crude oil prices and geopolitical instability in the Middle East. The Dow Jones Industrial Average dropped 1.23% to 52,215.16, while the S&P 500 fell 0.52% to 7,623.68, and the Nasdaq Composite declined 0.21% to 25,955.34.

Oil prices reached significant highs due to fears of supply disruptions following attacks by Houthi rebels in Saudi Arabia. Brent crude exceeded $117 per barrel, marking its highest level since mid-2022, and WTI crude rose to approximately $103.22 per barrel. These energy price spikes have heightened inflation concerns, potentially complicating future monetary policy decisions by the Federal Reserve.

In the corporate sector, American Express shares fell over 3% following the announcement of plans to reduce its global workforce by approximately 5% to address the impact of artificial intelligence. Additionally, investor sentiment was weighed down by concerns regarding the long-term profitability of massive AI infrastructure investments.

Entities

ACB Securities · American Express · Dow Jones Industrial Average · Federal Reserve · HoSE · Nasdaq Composite · S&P 500 · Saudi Aramco · VN-Index · Vietnam · Wall Street

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Geopolitical tensions in the Middle East are driving energy supply concerns. thoibaonganhang.vn · www.powergame.gr
[DISPUTED] The S&P 500 index fell by 0.52% to 7,623.68 points. doanhnghiephoinhap.vn · thoibaonganhang.vn
[○ 1 SOURCE] WTI crude oil is trading above $101 per barrel. www.powergame.gr
[○ 1 SOURCE] Brent crude oil prices rose by 3.1% to exceed $116 per barrel. thoibaonganhang.vn
[DISPUTED] The Dow Jones Industrial Average decreased by 652.82 points (1.23%) on October 23. doanhnghiephoinhap.vn · thoibaonganhang.vn · dientuungdung.vn · www.cumhuriyet.com.tr · www.powergame.gr
[○ 1 SOURCE] The 10-year US Government bond yield increased to 4.99%. thoibaonganhang.vn
[○ 1 SOURCE] American Express announced a 5% global workforce reduction to prepare for AI. doanhnghiephoinhap.vn
[● 4 SOURCES] The Nasdaq Composite decreased by 0.21% to 25,955.34 points. doanhnghiephoinhap.vn · thoibaonganhang.vn · www.cumhuriyet.com.tr · www.powergame.gr
[○ 1 SOURCE] Houthi rebels launched attacks against Saudi Arabia. news.trijo.co
[○ 1 SOURCE] Bitcoin's long position proportion in USDT-collateralized dollar margin increased by 2.09%p.
[○ 1 SOURCE] Brent crude oil rose to $117.42 per barrel on October 23, 2026. news.trijo.co
[DISPUTED] The Dow Jones Industrial Average fell by 619.71 points (1.17%) to 52,248.30. www.blockmedia.co.kr · doanhnghiephoinhap.vn · thoibaonganhang.vn · www.cumhuriyet.com.tr