Wall Street: tech lifts Nasdaq 1.1% while Dow slips slightly
Chip and AI stocks recover after a rough week, but most other shares fall. The 10-year US Treasury yield climbs to 5.14%. Netflix reports results this evening.
On Monday the Nasdaq Composite rose 1.11% to 26,430.89 points and the S&P 500 gained 0.41% to 7,690.73, while the Dow Jones lost 0.07% to 51,966.03 (AP). The rally was narrow: according to AP, most stocks outside artificial intelligence (AI) and tech fell. Only 4 of the 11 sectors in the S&P 500 finished higher (HDFC Sky). The Philadelphia chip index (SOX) gained 1.61%, ending an eight-day losing streak with a combined drop of about 15.7% – its longest since October 2008 (Reuters).
Gainers included Western Digital (+6.1%), Sandisk (+5.5%), Amazon (+5.0% after Morgan Stanley named it a 'top pick'), Tesla (+3.8% ahead of Wednesday's results), Intel (+2.4% after a J.P. Morgan upgrade) and Nvidia (+1.4%). Cleveland-Cliffs jumped more than 16% after what its CEO called the strongest quarter in three years. Banks fell – Wells Fargo 2.5%, JPMorgan 1.8% – and utilities lost almost 2%. The reason is higher yields: they make borrowing dearer and dividend stocks less attractive.
The 10-year US Treasury yield rose to 5.14% from 5.09% on Friday (AP). The yield is the annual interest the government pays on new debt – when it rises, borrowing gets more expensive for everyone, including for costly data centres. European bond prices also fell after violent protests in France, and many European stock indexes lost more than 1%. US crude WTI rose 2.2% to $103.66 a barrel, while Brent slipped 0.3% to $109.55 despite Houthi claims of attacks on Saudi sites (Reuters). Gold fell 0.5% to $4,143.91 an ounce.
On Tuesday morning US futures were slightly higher: Dow up 0.1%, Nasdaq 100 up 0.2% (IC Markets, 07:15 CEST). Asia was lower – South Korea's Kospi fell 2.8% and Japan's Nikkei 0.6% (AP). General Motors reports before the open today, with Netflix, SpaceX and United Airlines after the close. Analysts expect Netflix revenue of about $12.87 billion (MarketBeat). Housing starts data is due at 14:30 CEST.
| Index | Close | Day, points | Day % | Year to date % |
|---|---|---|---|---|
| Dow Jones | 51,966.03 | −36.38 | −0.07 % | +8.1 % |
| S&P 500 | 7,690.73 | 31.29 | +0.41 % | +12.3 % |
| Nasdaq Composite | 26,430.89 | 290.85 | +1.11 % | +13.7 % |
| Russell 2000 | 2,728.30 | 6.93 | +0.25 % | +9.9 % |
| Chip index SOX | 11,316.34 | 179.06 | +1.61 % | – |
| Stock | Day % | Reason |
|---|---|---|
| Cleveland-Cliffs | +16.00 % | strongest quarter in 3 years (more than +16%) |
| Western Digital | +6.09 % | memory-chip rebound |
| Sandisk | +5.53 % | memory-chip rebound |
| Amazon | +4.98 % | Morgan Stanley 'top pick' |
| Tesla | +3.76 % | ahead of Wednesday's results |
| Intel | +2.43 % | J.P. Morgan upgrade |
| Nvidia | +1.40 % | chip and AI rebound |
| CoreWeave | −0.44 % | early gains faded |
| Netflix | −0.96 % | ahead of Tuesday's results |
| JPMorgan | −1.82 % | banks hit by yields |
| Wells Fargo | −2.47 % | banks hit by yields |
| Indicator | Friday | Monday | Change % |
|---|---|---|---|
| 10-year US Treasury yield (%) | 5.09 | 5.14 | – |
| Brent crude (USD/barrel) | 109.86 | 109.55 | −0.28 % |
| WTI crude, November (USD/barrel) | 101.41 | 103.66 | +2.22 % |
| Gold, spot (USD/oz) | – | 4,143.91 | −0.50 % |
| Indicator | Level | Change % | Source |
|---|---|---|---|
| Dow Jones futures | – | +0.10 % | IC Markets, 05:15 UTC |
| S&P 500 futures | – | +0.10 % | IC Markets, 05:15 UTC |
| Nasdaq 100 futures | – | +0.20 % | IC Markets, 05:15 UTC |
| Nikkei 225 | 64,512.35 | −0.60 % | AP |
| Kospi | 5,605.31 | −2.80 % | AP |
| Hang Seng | 23,947.37 | −1.00 % | AP |
| S&P/ASX 200 | 8,772.10 | −0.80 % | AP |
| Gold, spot (USD/oz) | 4,126.84 | −0.30 % | Reuters, 01:02 GMT |
| When | What |
|---|---|
| Before the open | General Motors |
| 14:30 CEST | Housing starts |
| After the close | Netflix (revenue expected about USD 12.87 bn), SpaceX, United Airlines |
| Wednesday 21 Oct, after the close | Tesla, Meta, Lam Research |
For information only, not investment advice. Prices as of the time stated, not real-time quotes.
Sources
- AP via Yahoo Finance: How major US stock indexes fared Monday 10/19/2026 (Schluss, Punkte, seit Jahresbeginn)
- AP via ClickOrlando: Asian shares mostly decline after AI stocks lead a rebound on Wall Street (20.10.2026, 03:20 UTC)
- AP via NY1: AI stocks lead a rebound on Wall Street as European markets drop following protests (19.10.2026, Intraday)
- Reuters via Virginia Business: Nasdaq climbs as chip and AI-linked stocks bounce back (19.10.2026)
- Reuters via Yahoo Finance: Brent crude edges lower, even after Houthi attacks on Saudi infrastructure (19.10.2026)
- Reuters via Business Recorder: Gold lower as firm dollar, elevated yields weigh (19.10.2026, 15:34 GMT)
- Reuters via Business Recorder: Gold slips as investors weigh Fed rate outlook (20.10.2026, 01:02 GMT)
- HDFC Sky: US Stock Market Today – Nasdaq Rises 1.11%, Dow Falls (Einzelwerte, Sektoren, SOX; 20.10.2026)
- TradingKey: US Stocks Close – Nasdaq Rises 1.1%, Memory Stocks Lead (19.10.2026)
- GuruFocus: Cleveland-Cliffs (CLF) Shares Surge 16% on Strong Q3 Earnings Beat (19.10.2026)
- IC Markets: Tuesday 20th Oct 2026 – U.S. Stock Futures Edge Higher (05:15 UTC)
- MarketBeat: Netflix Q3 2026 Earnings Date & Estimates
- 24/7 Wall St.: Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years (19.10.2026; CEO Goncalves: „Third quarter was our strongest quarter in three years“)
- SpaceX IR: SpaceX to Post Third Quarter 2026 Results … on October 20, 2026 (after market close)
- TipRanks: Netflix will report earnings on Oct. 20 (after the close; revenue est. ~12.87 bn USD)
