# AM 19 Oct 26: Wall Street tumbles as AI sell-off gathers pace

An episode of [CommSec Market Update](https://invisiblenetwork.ai/podcast/1024068365), 18 Oct 2026, 8:21.

Audio: https://enrichment.soundstack.com/4vjqq8/traffic.omny.fm/d/clips/820f09cf-2ace-4180-a92d-aa4c0008f5fb/7ce30ada-3515-4538-a131-afef0177d550/3385fb27-f30d-4e1e-bf29-b4e701484cbd/audio.mp3?utm_source=Podcast&in_playlist=1b3da022-8454-4155-8336-afef0177d567

Wall Street tumbled on Friday as the AI sell-off gathered pace, with chip stocks extending their losing streak and surging oil prices adding to investor concerns. The ASX is poised for a flat open after its strongest session since August, but what could the latest developments mean for local trading today? Plus, why soaring sugar prices could soon put more pressure on household budgets. Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener for privacy information.

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