The stock market faced a sharp drop on October 22, 2026. The Nasdaq experienced the sharpest drop due to doubts regarding AI expenditures. Oil prices made a comeback, further influencing the market. AI stocks were hit hard, affecting global international markets. The S&P/TSX composite experienced a major decline. U.S. stock markets experienced a drop. Major tech companies like Nvidia, Apple, and Microsoft were among the hardest hit.