Markets·October 23, 2026 at 7:24 AM EDT·1 source
Futures Drop as Tech Stocks Slide, Oil Prices Climb Past $101 a Barrel
AXP -3.7%
AXP · last 30 trading days-3.2% since the news
News
What happened
- US futures fell Friday as technology megacaps traded mixed.
- Oil prices climbed past $101 a barrel.
- Investors assessed American Express earnings for signals on consumer spending and economic health ahead of US midterm elections.
Oil price
past $101 a barrel
Time to US midterm elections
less than two weeks
Why it matters
The market moves offer signals on technology sentiment, energy prices and consumer spending, while American Express results may inform views on economic resilience.
What to watch. Investors will continue parsing technology trading, oil prices and American Express earnings ahead of the US midterm elections.
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Timeline
- EarlierOct 20Treasuries Rise as Oil Retreats From Highest Levels in Weeks
- EarlierOct 22American Express brings Airbnb bookings and rewards to Amex Travel platform
- EarlierOct 23American Express Co.: Results of operations
- EarlierOct 23American Express Raises Profit Outlook on Increased Member Spending
- First reported by BloombergOct 23Futures Drop as Tech Stocks Slide, Oil Prices Climb Past $101 a Barrel
Sources (1)
Related
- Oct 20 · Treasuries Rise as Oil Retreats From Highest Levels in Weeks
- Oct 23 · American Express is cutting 5% of its workforce
- Oct 23 · Decker Outdoor Tumbles on Guidance; Amex to Cut Workforce | Stock Movers
- Oct 23 · American Express Raises Profit Outlook on Increased Member Spending
- Oct 23 · American Express Co.: Results of operations
- Oct 22 · American Express brings Airbnb bookings and rewards to Amex Travel platform
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