US market close: Nasdaq declines as oil rises; P&G gains
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CNBC’s October 22, 2026 market-close report described sharp declines in the S&P 500 and Nasdaq, while the Dow edged higher. Meta and Tesla fell amid concerns about AI-related capital spending, and WTI crude rose 2.4%. P&G gained after upbeat earnings despite higher commodity-cost expectations. RBC Capital’s Brad Ericson remained bullish on Meta, while P&G’s finance chief described oil-driven cost pressures. Several prominent stocks reached all-time highs. The captions contain ambiguous percentage figures, and no trade proposals or earlier-trade updates appear.
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