Wall Street edges lower as the S&P 500 and Dow Jones witness slide dip: Which stocks led to the market drop? Check winners and losers

After hitting record highs, Wall Street stocks edged lower on Wednesday, October 22, 2025. Despite a 0.4% decline, the S&P 500 remains within 1% of its October all-time high. On the other hand, the Dow Jones Industrial Average dropped 123 points, or 0.3%, from its own record set the day before, and the Nasdaq composite was down 0.9% as of 11:45 a.m. Eastern time, according to news agency AP.

The drop in Wall Street is led by Netflix, which dragged the market lower after delivering a weaker profit for the latest quarter than analysts expected. Companies, including the global video streaming giant, are facing immense pressure to deliver strong profit growth to counter criticism that their stock prices have surged too high after the S&P 500’s 35% rally from April’s low.

Netflix’s stock came into the day with a jump of 39.3% for the year so far, more than double the S&P 500’s gain, before dropping 9.7% on Wednesday, AP reported. AT&T fell 1.4% after delivering a profit that only matched analysts’ expectations, while Texas Instruments sank 5% after its profit fell just short of forecasts.

Top Gainers on Wall Street

On the winning side of Wall Street was Intuitive Surgical, which saw a jump of 13.9% after reporting better profit for the latest quarter than analysts expected. The company sells robotic-assisted surgical systems. Boston Scientific climbed 4.4% after likewise topping analysts’ profit expectations.

How did bank stocks perform?

Bank stocks were relatively steady after Capital One Financial, Western Alliance Bancorp, and others reported stronger profits for the summer than analysts expected. The report from Western Alliance was particularly welcome after it helped shake confidence in the industry last week. It’s one of several banks that have warned of potentially bad loans on their books, possibly because of fraud.

Beyond Meat continues its meme-stock run

Beyond Meat, meanwhile, continued its meme-stock run and rose another 31%. Earlier in its manic Wednesday, it had been up as much as 112% before paring its gain. According to NASDAQ, Beyond Meat’s unbelievable winning streak continued on Wednesday, as the stock opened up at $6.16, jumping 70% from yesterday’s close. The stock has now gained more than 1,000% in less than a week.