How major US stock indexes fared Thursday, 10/16/2025

Key Points

• On Thursday, major US stock indexes declined, with the S&P 500 falling 0.6%, the Dow Jones down 0.7%, and the Nasdaq decreasing by 0.5%.
• Bank stocks were significantly impacted, with Zions Bancorp charging off $50 million in loans, leading to concerns about the banking sector's stability.
• The 10-year Treasury yield dropped below 4%, while the price of gold rose by 2.5%, indicating a shift in investor sentiment.
• Despite Thursday's losses, all major indexes saw gains for the week and year, with the S&P 500 up 1.2% week-to-date and 12.7% year-to-date.

Stocks slumped on Wall Street after another turbulent day of trading.

The S&P 500 fell 0.6% Thursday after erasing a morning gain. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite sank 0.5%.

Bank stocks led the way lower on worries about loans they’ve made.

Zions Bancorp. tumbled after saying it’s charging off $50 million in loans. Western Alliance Bancorp dropped after saying it has sued a borrower, alleging fraud.

The question is whether these issues are one-offs or a symptom of something larger threatening the banking industry.

The 10-year Treasury yield fell below 4% and the price of gold rose 2.5%.

On Thursday:

The S&P 500 fell 41.99 points, or 0.6%, to 6,629.07.

The Dow Jones Industrial Average fell 301.07 points, or 0.7%, to 45,952.24.

The Nasdaq composite fell 107.54 points, or 0.5%, to 22,562.54.

The Russell 2000 index of smaller companies fell 52.74 points, or 2.1%, to 2,467.01.

For the week:

The S&P 500 is up 76.56 points, or 1.2%.

The Dow is up 472.64 points, or 1%.

The Nasdaq is up 358.11 points, or 1.6%.

The Russell 2000 is up 72.42 points, or 3%.

For the year:

The S&P 500 is up 747.44 points, or 12.7%.

The Dow is up 3,408.02 points, or 8%.

The Nasdaq is up 3,251.74 points, or 16.8%.

The Russell 2000 is up 236.86 points, or 10.6%.