Stock Market Movers: Biggest Losers and Gainers on 23 October 2026
Newell Brands (NWL) fell 6.46% after UBS reiterated a neutral stance. Infosys (INFY) dropped 6.58% following a reduced revenue growth forecast. T-Mobile (TMUS) and AT&T (T) declined 7.71% and 7.96% respectively, due to SpaceX competition concerns.
How this was made
The 30-second read
Why it matters
The listed stocks experienced double‑digit declines driven by analyst commentary and competitive threats, suggesting short‑term bearish bias.
Market read
The moves reflect heightened sensitivity to guidance cuts and competitive pressures in the tech and consumer sectors.
What to watch
Potential upside from cost‑cutting measures or new service offerings could mitigate the negative sentiment.
Background
A daily market‑movers roundup highlighting the biggest percentage losers on October 23, 2026.
Ticker impact
Newell Brands fell 6.46% after UBS reiterated a neutral stance on the sustainability of recent improvements.
downward pressure as concerns about sustainability persist
Neutral analyst stance combined with a double‑digit drop suggests traders may keep selling.
Infosys dropped 6.58% after cutting its revenue growth forecast by 1‑2%.
likely further decline as investors reassess growth outlook
Guidance cut is a fresh negative catalyst for a large cap IT services firm.
T‑Mobile US fell 7.71% on competition concerns with SpaceX’s plan to install 80K cell sites.
downward pressure as market prices in competitive threat
Significant price drop linked to a concrete competitive development.
AT&T slid 7.96% amid fears of competition from SpaceX’s 80K cell‑site rollout.
continued downside as investors factor in competitive risk
Large‑cap stock reacting sharply to a new competitive threat.
Market effects
Telecom and consumer goods sectors may see broader pressure from competitive and sustainability concerns.
U.S. equity markets likely opened lower on the aggregate of these moves.
Limited to U.S. large‑cap stocks; no immediate global macro impact.
Counterpoint
The price drops may be overblown if the competitive threats are overstated or if the companies have strong balance sheets to weather them.
Key entities
- AnalystUBS
Provided a neutral stance on Newell Brands.
- CompanySpaceX
Planning a large cell‑site deployment that raises competition concerns.
