Nasdaq Sheds 1.65% as Russell 2000 Sinks to RSI 28, Oil Climbs While Gold and Silver Slide
Key Highlights
- ➤RTX secures SM-3 Block IB contract valued up to $6.3 billion
- ➤Nasdaq falls 1.65%, extending weekly loss to 2.23%
- ➤Russell 2000 tumbles 1.70%, RSI reaches deeply oversold 28.3
- ➤WTI crude rises 1.36% to $95.42 while silver drops 5.81%
- ➤Couche-Tard agrees to acquire Irving Oil retail assets in Quebec and Ontario
Expert Statements
Phil Jasper, President of Raytheon
“This award underscores Raytheon's commitment to increasing production of critical munitions, ensuring our customers have the defensive capabilities they need, when they need them,”
Tim Cahill, President, Missiles and Fire Control at Lockheed Martin
“Lockheed Martin's PAC-3 Edge interceptor leverages the combat-proven PAC-3 MSE, delivering even greater maneuverability, power and velocity to ensure the Army's layered defensive architecture remains the most advanced in the world,”
Mark Genovese, M.D., Senior Vice President of Lilly Immunology development
“The broader biomarker changes observed with Taltz and Zepbound, including those associated with skin clearance, may point to a meaningful relationship between immune and metabolic biology,”
Stephane Trudel, Senior Vice President of Operations at Alimentation Couche-Tard
“This agreement builds on our longstanding relationship with Irving Oil and our experience operating these locations,”
Jay Gambetta, Director of IBM Research and IBM Fellow
“IBM expects to deliver the first fault-tolerant system in 2029, and we plan to scale the value of quantum computing well beyond that timeline”
Nasdaq Sheds 1.65% as Russell 2000 Sinks to RSI 28, Oil Climbs While Gold and Silver Slide PR Newswire
VANCOUVER, BC, Oct. 14, 2026 /PRNewswire/ -- Stocks skidded midweek as the Nasdaq Composite dropped 449 points, or 1.65%, to 26,755.24, pulling its weekly loss to 2.23%. The S&P 500 fell 1.10% on the day and 1.18% for the week, while the Russell 2000 tumbled 1.70% and now carries an RSI of just 28.3, signaling deeply oversold small caps. The Dow held up relatively better, down 0.29%. Gold slid 1.93%, silver dropped 5.81%, and WTI crude bucked the trend, rising 1.36% to $95.42 a barrel. Active Companies from around the markets with current developments this week include: RTX (NYSE: RTX), Lockheed Martin (NYSE: LMT), Eli Lilly and Company (NYSE: LLY), Alimentation Couche-Tard Inc. (TSX: ATD), and IBM (NYSE: IBM).
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