Market reports from ShareCast

US close: Nasdaq drops over 2% as AI sell-off resumes

Fri 16 October 2026 21:39

(Sharecast News) - US stocks fell sharply on Friday, with the Nasdaq suffering steep losses, as a renewed sell-off in the AI and chip sectors dragged markets lower.

Europe close: stocks finish higher despite tech sell-off

Fri 16 October 2026 13:37

(Sharecast News) - European shares finished the week on the front foot on Friday, shrugging off a global sell-off in tech stocks, after corporate earnings helped bolster sentiment.

London close: FTSE in the black as investors snap up defensive stocks

Fri 16 October 2026 13:34

(Sharecast News) - London stocks closed modestly higher on Friday, as a strong performance from defensive stocks helped offset weakness among banks, following reports chancellor John Healey was poised to hit the sector with higher taxes in the Budget late

US open: Dow edges higher, Nasdaq slips as chipmakers weigh

Fri 16 October 2026 13:15

(Sharecast News) - Wall Street trading got off to a mixed start on Friday as major indices looked set to close out the week in negative territory.

Europe midday: Shares extend rally after bruising week for tech stocks

Fri 16 October 2026 11:25

(Sharecast News) - European shares extended gains on Friday as corporate earnings and a rebound in US shares overnight boosted sentiment after a sell-off in tech shares earlier in the week over artificial intelligence financing fears.

London midday: FTSE nudges up but Lloyds, NatWest in the red

Fri 16 October 2026 10:43

(Sharecast News) - London stocks had nudged into the black by midday on Friday, but Lloyds Banking Group and NatWest remained under pressure following reports that chancellor John Healey will raise taxes on the banking sector in his Budget later this mont

Asia report: Stocks rebound, but Jakarta tanks on downgrade fears

Fri 16 October 2026 08:34

(Sharecast News) - Asian stocks bounced back on Friday, with investors hunting for bargains after the broad-based tech sell-off the previous session, though Indonesia's market tanked on fears it would be expelled from MSCI's global indices.

London open: Stocks fall as Lloyds, NatWest under pressure

Fri 16 October 2026 08:01

(Sharecast News) - London stocks fell in early trade on Friday, with banks under pressure following reports that chancellor John Healey will raise taxes on the sector in his Budget later this month.

Europe open: Shares up as bond yields fall; UK bank stocks hit by tax talk

Fri 16 October 2026 07:50

(Sharecast News) - European shares rallied at the open on Friday after a rebound in US shares overnight on the back of a sharp drop in Treasury yields.

London pre-open: Stocks to nudge lower; banks in focus

Fri 16 October 2026 07:32

(Sharecast News) - London stocks were set to nudge a smidgen lower at the open on Friday following solid gains in the previous session, with banks in focus following reports that chancellor John Healey will raise taxes on the sector in his Budget later th