Wall Street rebounds as Nasdaq leads tech recovery after weekly losses
US stocks opened higher on Monday as investors returned to technology shares following steep losses the previous week.
KEY POINTS
- Nasdaq futures indicated a 1.06 percent gain before the opening
- CoreWeave rose 3 percent after a more than 25 percent weekly decline
- Intel gained 3.4 percent after a recommendation change
- Philadelphia Semiconductor Index broke an eight-session losing streak of about 15.7 percent
- Investors are awaiting corporate earnings announcements to set the tone for upcoming sessions
Wall Street opened higher on Monday, 19 October 2026, led by technology and semiconductor shares. Investors returned to tech stocks after heavy losses during the previous week.
Futures before the opening pointed to a 1.06 percent rise for the Nasdaq, 0.49 percent for the S&P 500, and 0.03 percent for the Dow Jones. The Dow Jones remained close to flat.
“Rubber bands can only be stretched so far in one direction before they snap and start moving in the opposite direction.”
CoreWeave shares rose 3 percent in pre-market trading after losing more than 25 percent of their value during the previous week. Intel gained 3.4 percent following a recommendation change.
The Philadelphia Semiconductor Index ended an eight-session losing streak, its longest since October 2008, during which it had fallen about 15.7 percent. Market attention is now shifting to upcoming corporate earnings announcements.
A Rosenblatt Securities strategist said oversold conditions created the basis for a rebound after the market had signaled it had had enough.
2 more sources below
COMMENTS (0)
No comments yet. Be the first.
RELATED STORIES
Turkey's SPK Files Criminal Complaints Against 56 People Over ALKLC and ANELE Trades
The Capital Markets Board also imposed two-year trading bans and revoked market licenses for individuals and firms linked to Altınkılıç Gıda and Anel Elektrik.
Romania's Constitutional Court Annuls Bolojan Government's SAFE Ordinance
The Constitutional Court admitted Sorin Grindeanu's challenge to Emergency Ordinance 38/2026, ruling by five votes to four that the caretaker cabinet exceeded its constitutional powers.
Canadian Prime Minister Carney Arrives in Ankara for First Official Visit to Türkiye
Mark Carney was welcomed with a state ceremony by President Erdoğan as trade and defense talks begin.
- Macron's Gulf tour secures fuel supplies and defence deals amid Houthi attacks
- EA closes BioWare and cancels next Mass Effect amid 400 layoffs
- TOKI to auction 725 plots across 61 provinces on Nov 5-6
- Family and Youth Fund pays 1.76 billion liras to 15,468 young people in October
- Turkey Extends Istanbul Urban Renewal Support Until 2027
This page was compiled with AI assistance from the outlets named above and passed an automated language check before publication. Montegre has no reporters of its own; the byline names the outlets the story was compiled from. Method and editorial standards