Stocks fell on October 23, 2026, as the selloff spread beyond tech and American Express dragged the Dow after announcing it will cut 5% of its workforce. Apple and Nvidia traded places as the world’s most valuable company, while Alphabet and Meta led the week’s losses and defensive stocks led the market. Rainmaker Securities’ Greg Martin explains why the IPO market is waiting on Anthropic, and Neuberger’s Dan Flax makes the case for Big Tech’s AI spending. Strategist Jim Paulsen warns that complacency about tech could be the market’s biggest risk. Plus Morningstar’s Matthew Dolgin on Musk’s reported Skydance stake, Netflix and GTA 6, Placer.ai on early holiday shopping, Carbone Fine Food CEO Eric Skae, and what to watch from the Fed, Alphabet, Microsoft and Amazon.
Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton.
00:00 Rainmaker’s Greg Martin: The IPO market waits on Anthropic
01:28 The midterms and the IPO window
02:12 Why IPOs may wait until after the election
08:12 Neuberger’s Dan Flax on Big Tech’s AI spending
09:37 Meta’s $825 billion in commitments
11:21 Alphabet’s cloud and TPUs
12:17 Reinventing search
12:39 Apple tops Nvidia
14:08 Is Nvidia still a growth story?
15:34 Anthropic or OpenAI?
16:17 Out Here: Tribeca
20:29 Closing bell: AmEx layoffs drag the Dow
20:47 Apple and Nvidia trade places
21:05 Alphabet and Meta lead the week’s losses
21:49 Defensive sectors lead
22:08 Chip stocks’ rough week
22:50 Cybersecurity stocks surge
24:15 SpaceX and Tesla
24:51 Equal weight vs. the S&P 500
26:09 Jim Paulsen on complacency and tech
27:34 Is a tech bear market coming?
28:19 How Paulsen would position
30:55 Where’s the safe-haven trade?
32:05 Has oil peaked?
34:17 Why the post-midterm rally may disappoint
40:03 Morningstar’s Matthew Dolgin on Musk’s Skydance bet
41:36 Paramount Skydance vs. Netflix
42:55 Netflix’s slowdown
44:23 YouTube’s competition
46:00 GTA 6 and Take-Two
51:41 Placer.ai’s R.J. Hottovy on early holiday shopping
53:03 Lots of shopping, less spending
53:54 Why malls are winning
55:28 Little luxuries
56:24 The winners: Warehouse clubs and off-price
1:01:18 Built Different: Carbone Fine Food CEO Eric Skae
1:04:03 From a water route to Arizona Iced Tea
1:08:32 The company that cost him $3.2 million
1:14:08 What to watch: The Fed, Alphabet, Microsoft and Amazon
#StockMarket #Apple #Nvidia #MarketDomination #YahooFinance
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