Stock Futures Rise as Tech Rebounds From Nasdaq's Weekly Drop
Chipmakers and AI names rebounded as investors looked ahead to Meta and Tesla results after last week’s selloff.
- On Monday, October 19, 2026, the S&P 500 and Nasdaq opened higher as technology stocks rebounded from last week's sharp selloff in artificial intelligence-related companies.
- The S&P 500's 53-day calm streak ended last Wednesday, October 14, when the index fell about 1.1%, ending a period of unusual market stability that had lasted since mid-September.
- Intel shares climbed 4.4% after JPMorgan upgraded the stock to "neutral" from "underweight", while CoreWeave recovered 3% following last week's debt-related concerns that sparked a more than 25% plunge.
- Earnings reports from Meta Platforms, Tesla, and Space Exploration Technologies are due this week, with investors watching for signs of strength in the AI and technology sectors.
- Mounting investor unease persists over how the costly AI buildout will be financed, with Goldman Sachs traders noting "AI Credit Spreads and hyperscalers specifically are at the widest levels of the year.
52 Articles
52 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = The New York stock market closed mixed on the 19th (local time) amid a rebound in technology stocks.
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