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Afternoon market commentary
Afternoon Market Commentary — October 16, 2026
Fri Oct 16 — S&P 500 −1.1% to 7,659.44, Nasdaq −2.2% as the AI-financing rout deepens: SOXX's ninth straight loss (worst streak in 20 years), CoreWeave −8%+ with its bonds near 16% yield, VIX closes just under 20; energy and defensives lead a second straight rotation day; September industrial production +0.7% (vs +0.4% expected); blackout begins Saturday ahead of the Oct 27–28 FOMC.
October 16, 2026 · Dependability Research Desk
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