Nasdaq-100 falls 2.9% as Meta falls 7%; Fed decision next Wednesday

Closes for Thursday 22 October: the Nasdaq-100 fell 2.90% and the S&P 500 fell 1.21%. Plus the week’s scheduled releases.

By PYE Markets data desk (automated) • Published 2026-10-23 • 1 min read

Written by software from the data shown, at 01:07 ET on 23 October 2026. Not edited before publication. How this is made

The Nasdaq-100 closed Thursday 22 October at 28,958.69, down 863.83 points or 2.90%. The S&P 500 fell 1.21% to 7,663.43, compared with Wednesday’s close.

Largest US stocks

Of the eight mega-cap stocks we follow (Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta, Broadcom and Tesla), one closed higher on Thursday. Apple gained the most, 1.23% to $348.22, and Meta fell the most, 6.98% to $648.85.

Futures, bitcoin and the euro

E-mini S&P 500 front-month futures closed at 7,704.50 on Thursday. WTI crude futures closed at $99.47 a barrel and Comex gold futures at $4,060.40 an ounce on Thursday. Bitcoin ended the UTC day of 21 October at $84,012, up 1.29%. The European Central Bank’s euro reference rate was $1.1205 per euro on 22 October.

Rates

The 10-year Treasury yield was 5.13% and the 2-year 4.81% on 21 October. The 10-year real yield was 2.76% (21 October) and 10-year breakeven inflation 2.32% (22 October). The effective fed funds rate was 3.88% on 21 October, inside the Fed’s 3.75–4.00% target range.

What a normal day looks like

The S&P 500’s 20-day realized volatility, from daily closes to 22 October, was 10.0% a year. At that rate one standard deviation of daily movement is about ±48 points (7,663.43 × 10.0% ÷ √252). About two days in three have historically stayed inside that range; realized volatility looks back, not forward, and real markets have fatter tails than this arithmetic assumes.

New filings

Filed with the SEC since our last note, as listed on EDGAR:

  • Meta Platforms (22 October): Quarterly Report (Form 10-Q).
  • Tesla Inc. (22 October): Quarterly Report (Form 10-Q).

Coming up

US releases and decisions scheduled in the seven days from Friday 23 October, from the official calendars:

  • Wed 28 Oct, 02:00 PM ET: FOMC statement & rate decision (Federal Reserve).
  • Thu 29 Oct, 08:30 AM ET: GDP (advance estimate) & Personal Income & Outlays (PCE) & Weekly jobless claims (Department of Labor and BEA).
  • Some prop firms restrict trading around these releases; each firm’s rule and its source are on our prop-firm pages.

Sources

Sources: Yahoo Finance daily closes, delayed (^NDX, ^GSPC, NVDA, AAPL, MSFT, AMZN, GOOGL, META, AVGO, TSLA, ES=F, CL=F, GC=F, BTC-USD); FRED (DGS10, DGS2, DFII10, T10YIE, EFFR, DFEDTARL/U); ECB euro reference rates; SEC EDGAR; official release calendars (Federal Reserve, BEA, BLS, Department of Labor). The daily range is our calculation from 20-day realized volatility of S&P 500 closes. General market information, not investment advice.