Lula wins fourth term - Musk warns of credit crunch in AI sector - Eli Lilly lung cancer drug delivers encouraging study data - SoftBank plans multi-billion-dollar AI offensive in Malaysia

On Friday, October 23, 2026, US stock markets closed the week with losses after a volatile trading session. The Dow Jones fell by 1.2% to 52,215 points, the S&P 500 dropped 0.5% to 7,624 points, and the Nasdaq Composite decreased by 0.2% to 25,955 points. The renewed rise in oil prices due to the tense situation in the Middle East added to the pressure. Brent crude rose by 3.1% to $116.72 per barrel, after Iran threatened to retaliate against neighboring countries in the event of new American and Israeli attacks. Some of the recently heavily...