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.
51 Articles
51 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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Nasdaq climbs over 1% as AI-linked stocks recover ahead of key earnings
The tech-heavy Nasdaq Composite led Wall Street's gains on Monday as investors returned to AI-related stocks following last week's bruising selloff, while declining oil prices lent additional support ahead of key corporate earnings reports. The benchmark S&P 500 and Nasdaq had posted their biggest weekly drop since late June on Friday, as concerns that higher interest rates could curb investments in AI infrastructure weighed on technology stocks…
Nasdaq and S&P 500 opened up this Monday, with a recovery in the technology sector, especially the actions related to the development of artificial intelligence, after a wave of sales last week. Still, investors remain cautious about the high indebtedness of companies like CoreWeave, while waiting for the dissemination of quarterly balance sheets of names such as Meta and Tesla, which can help alleviate some concerns of market participants about…
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