US market update: Nasdaq falls 2.15% as US shares end the week lower

US markets are closed for the weekend, so the figures below reflect the latest close on Friday 16 October. All three major indices finished the session lower.

Indices

• S&P 500: 7,659.44, down 1.09%
• Dow Jones: 52,002.41, down 0.34%
• Nasdaq Composite: 26,140.03, down 2.15%

The Nasdaq Composite recorded the steepest fall of the three, and the Dow Jones the smallest.

On currencies, the latest quote has the pound at $1.3329, up 0.42% against the dollar. When sterling strengthens against the dollar, US holdings are worth slightly less in pound terms for UK investors, all else being equal.

Stock movers

Apple was the only riser among the large US companies we track. The others all closed lower.

• Apple: $343.46, up 0.43%
• Meta Platforms: $709.33, down 3.72%, the largest fall among the stocks we track
• Alphabet: $340.59, down 2.47%
• Tesla: $354.72, down 2.13%
• Microsoft: $529.05, down 1.93%
• Amazon: $250.00, down 1.87%
• Nvidia: $214.13, down 1.43%

In the news

• Weekend headlines from Investing.com report that Meta received a Street-high price target from an analyst this week, in a round-up of the week's biggest AI-related analyst moves. The headline does not explain Friday's share price move.
• Reports say Iambic Therapeutics has been added to the Nasdaq Composite following a busy October that included its stock market listing.

Overall, US shares ended the week on a weaker note, with the Nasdaq Composite falling furthest and the pound edging up against the dollar.

Figures are indicative and may be delayed. This is general information, not advice.