London, Oct 22, 2026 (AFP) - Stocks retreat as tech mood sours, oil prices jump

NAMPA / AFP
2026-10-22
Equities sank Thursday as tech firms resumed their downward spiral following a mixed bag of earnings from Wall Street titans, while sentiment was also soured by rising oil prices. AI-linked companies continued the rollercoaster ride they have endured since hitting record highs in June amid worries over colossal investment sums and their timeline for profitability, with growing debt-servicing costs adding to the uncertainty. A blockbuster quarterl......
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SWAKOPMUND, 23 October 2026 - President Netumbo Nandi-Netumbo officially inaugurates the Swakopmund International Expo at Swakopmund. (Photo contributed)

SWAKOPMUND, 23 October 2026 - President Netumbo Nandi-Netumbo officially inaugurates the Swakopmund International Expo at Swakopmund. (Photo contributed)

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NKURENKURU, 23 October 2026 - Kavango West Governor Verna Sinimbo met with stakeholders in Nkurenkuru on Thursday to discuss the current status and future of the region’s cattle market. (Photo: Lylie Joel) NAMPA

NKURENKURU, 23 October 2026 - Kavango West Governor Verna Sinimbo met with stakeholders in Nkurenkuru on Thursday to discuss the current status and future of the region’s cattle market. (Photo: Lylie Joel) NAMPA

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WINDHOEK, 22 October 2026 – Finance Minister Ericah Shafudah tabled the Mid-Year Budget Review for the 2026/27 financial year in the National Assembly on Thursday. (Photo: Contributed)

WINDHOEK, 22 October 2026 – Finance Minister Ericah Shafudah tabled the Mid-Year Budget Review for the 2026/27 financial year in the National Assembly on Thursday. (Photo: Contributed)

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WINDHOEK, 22 October 2026 – Finance Minister Ericah Shafudah tabled the Mid-Year Budget Review for the 2026/27 financial year in the National Assembly on Thursday. (Photo: Contributed)

WINDHOEK, 22 October 2026 – Finance Minister Ericah Shafudah tabled the Mid-Year Budget Review for the 2026/27 financial year in the National Assembly on Thursday. (Photo: Contributed)

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WINDHOEK, 22 October 2026 - Cuba's Ambassador to Namibia, Sergio Vigoa de la Uz. (Photo: Andreas Thomas) NAMPA

WINDHOEK, 22 October 2026 - Cuba's Ambassador to Namibia, Sergio Vigoa de la Uz. (Photo: Andreas Thomas) NAMPA

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SWAKOPMUND, 22 October 2026 - The Namibia Chamber of Commerce and Industry has organised the Swakopmund International Trade Expo (SWAiTEX) returned to Swakopmund on Thursday after a two-year hiatus, aiming to bring together businesses, entrepreneurs, investors and policymakers to explore trade, investment and industrial development opportunities. (Photo by: Isabel Bento) NAMPA

SWAKOPMUND, 22 October 2026 - The Namibia Chamber of Commerce and Industry has organised the Swakopmund International Trade Expo (SWAiTEX) returned to Swakopmund on Thursday after a two-year hiatus, aiming to bring together businesses, entrepreneurs, investors and policymakers to explore trade, investment and industrial development opportunities. (Photo by: Isabel Bento) NAMPA

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SWAIiTEX

SWAIiTEX

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NKURENKURU, 22 October 2026 - Deputy Minister of Justice and Labour Relations Theresia Brandt, Kavango West Governor Verna Sinimbo and other leaders on Thursday visited land allocated by the Nkurenkuru Town Council for the Ministry of Justice’s regional office. (Photo: Lylie Joel) NAMPA

NKURENKURU, 22 October 2026 - Deputy Minister of Justice and Labour Relations Theresia Brandt, Kavango West Governor Verna Sinimbo and other leaders on Thursday visited land allocated by the Nkurenkuru Town Council for the Ministry of Justice’s regional office. (Photo: Lylie Joel) NAMPA

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