Oct 19, 2026 · 3 min · 6 segments
On this episode of Getting Down to Business, John Rucci goes over : \- Wall Street ending its trading week with major losses \- Schneider Electric announced they raised expectations \- Major week…
On October 16, 2026, Wall Street ended the trading week with major losses as technology stocks faced growing pressure.
The S&P 500 dropped 1.1%, while Nasdaq Composite fell 2.1%, marking their worst performances since June.
Despite the losses, all three major U.S. stock indexes remain positive for the year, showing that investors are still optimistic about the market's long-term performance.
On October 16, 2026, Schneider Electric announced that it was raising its financial expectations for the second time this year, as demand for artificial intelligence data centers continued to grow.
The company, which provides electrical equipment, cooling systems, and infrastructure for major technology facilities, reported stronger than expected third-quarter revenue.
Schneider Electric now expects organic revenue growth between 12 and 14% for the year.
The announcement highlights how rapid the expansion of artificial intelligence is creating major business opportunities beyond traditional technology companies.
Economy totally affects the restaurant, all restaurants.
It affects tourism, it affects the hotels, it affects the Uber drivers, it affects the car rental agencies, it affects the grocery stores, it affects traffic.
On October 16, 2026, Wall Street ended the trading week with major losses as technology stocks faced growing pressure.
The S&P 500 dropped 1.1%, while Nasdaq Composite fell 2.1%, marking their worst performances since June.
Despite the losses, all three major U.S. stock indexes remain positive for the year, showing that investors are still optimistic about the market's long-term performance.
On October 16, 2026, Schneider Electric announced that it was raising its financial expectations for the second time this year, as demand for artificial intelligence data centers continued to grow.
The company, which provides electrical equipment, cooling systems, and infrastructure for major technology facilities, reported stronger than expected third-quarter revenue.
Schneider Electric now expects organic revenue growth between 12 and 14% for the year.
The announcement highlights how rapid the expansion of artificial intelligence is creating major business opportunities beyond traditional technology companies.
Economy totally affects the restaurant, all restaurants.
It affects tourism, it affects the hotels, it affects the Uber drivers, it affects the car rental agencies, it affects the grocery stores, it affects traffic.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.