Business · Markets · 4 hrs ago
Nasdaq rises as chip stocks rebound after sharp sell-off
The Nasdaq rose as investors returned to chip and AI stocks on Monday in New York.
The rebound followed a sharp sell-off last week, when the Nasdaq and S&P 500 had their biggest weekly losses since late June.
The sell-off reflected concerns that high interest rates could slow investment in AI infrastructure, including chips and data centres.
The Philadelphia semiconductor index ended an eight-session losing streak, during which it had fallen about 15.7%.
On Monday, the S&P 500 also rose, while the Dow edged down.
Investors are now watching upcoming company earnings: Meta and Tesla are due to report on Wednesday, and SpaceX on Tuesday.
A market trader cautioned that the rebound does not mean the market is out of trouble.
The Nasdaq rose 1.11% on Monday as investors returned to chipmakers and other technology stocks after last week’s sharp sell-off.
The S&P 500 gained 0.42%, while the Dow Jones Industrial Average slipped 0.06%.
The Philadelphia Semiconductor Index ended an eight-session losing streak, during which it had fallen about 15.7%.
Investors remain concerned about how the costly expansion of artificial intelligence will be financed and whether it will pay off.
Major earnings reports from SpaceX, Meta and Tesla were due in the following days.
- Who
- Investors returned to chipmakers and other technology and AI-linked stocks.
- What
- The Nasdaq and S&P 500 rose, while the Dow edged lower. The Philadelphia Semiconductor Index ended an eight-session losing streak.
- When
- Monday, October 19, 2026.
- Where
- Wall Street, New York.
- Why
- Investors bought technology stocks after last week’s sell-off. Concerns about the cost and funding of AI investment remained.
This story does not have two clearly opposing sides.
The S&P 500 and Nasdaq recorded their biggest weekly losses since late June, as technology shares came under pressure.
The Philadelphia Semiconductor Index ended an eight-session losing streak after falling about 15.7%.
SpaceX was scheduled to report results.
Meta and Tesla were scheduled to report results.
- Nasdaq
- Rose 1.11% to 26,430.89
- S&P 500
- Rose 0.42% to 7,691.07
- Dow Jones Industrial Average
- Fell 0.06% to 51,970.20; another report gave 51,966
- Philadelphia Semiconductor Index
- Ended an eight-session losing streak after falling about 15.7%
- WTI crude
- Rose 2.2% to $103.66 a barrel
5 sources
Wall Street sobe com recuperação das ações de tecnologia
Erholung bei Tech-Werten: Wall Street lässt Talfahrt hinter sich
ارتفاع المؤشر ناسداك مع انتعاش أسهم شركات الرقائق الإلكترونية
US stocks today: Nasdaq leads Wall Street gains as chip, AI stocks rebound
Wall Street: US-Indizes schließen höher – Investoren greifen bei Tech-Werten wieder zu
What people are saying
Rubber bands can only stretch so far in one direction before they snap and start reversing, and you finally saw that enough is enough moment in the semiconductors after Friday's close.
Nothing changed between Friday's close and this morning's open, other than nothing bad happened over the weekend, and sentiment had gotten so negative that we were oversold to the point where a bounce was due.
far from out of the woods