Gotrade News - US stock futures held steady on Monday evening after a rebound in tech and chip shares lifted the Nasdaq Composite 1.11% and the S&P 500 0.41% on October 19, while the Dow slipped 0.07%, according to Investing.com and Xinhua, ahead of a busy earnings week.
As of 8:34 p.m. ET, S&P 500 futures traded flat at 7,731.75 points, Nasdaq 100 futures fell 0.2% to 29,650.25 and Dow Jones futures edged 0.1% higher to 52,230.0, per Investing.com.
The rebound followed the S&P 500 and Nasdaq's biggest weekly declines since late June, which the outlet tied to concerns about inflation, higher interest rates and the cost of financing AI infrastructure.
The table below shows the latest verified closes for three widely held index funds linked to these benchmarks: SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ) and SPDR Dow Jones Industrial Average ETF Trust (DIA).
SPY, QQQ and DIA Market Data
| Ticker | Close | Daily change |
|---|
| SPY | $766.48 | +0.42% |
| QQQ | $718.36 | +1.21% |
| DIA | $518.92 | -0.03% |
Regular-session close on October 19, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against Nasdaq's official close.
Chip Stocks Snap Eight-Session Losing Streak
Semiconductors led the recovery. According to Investing.com, the Philadelphia Semiconductor Index rose about 2.5%, snapping an eight-session losing streak, as Nvidia gained around 1.5%, Advanced Micro Devices climbed 3.6% and Broadcom added 2.4%. Xinhua also named Intel among the gainers.
As reported by Xinhua, consumer discretionary climbed 2.73% and technology rose 1.19% to lead the S&P 500's advancers, a move the agency said signaled renewed investor confidence in the artificial intelligence sector after last week's sharp retreat.
CoreWeave Steadies After Last Week's 25% Drop
CoreWeave rose during the session but ended slightly lower, per Investing.com. Xinhua described the stock as finishing flat, stabilizing after a 25% plunge last week that it attributed to market anxieties over debt-financed AI infrastructure build-outs.
"Investors are going to become much more discriminating in terms of looking at whether these companies are going to generate the kind of return on capital to justify the debt that they're taking on," said LNW Chief Investment Officer Ron Albahary, as quoted by Xinhua. "Prior to this wave, this sell-off, I think investors were assuming that all AI investments were going to pay off, and that's not the case."
Seven of 11 S&P 500 Sectors Fall as Housing Gauge Hits 2012 Low
Beneath the index gains, most sectors fell. According to Xinhua, seven of the 11 primary S&P 500 sectors closed lower, with utilities down 1.97% and real estate down 1.17%.
On the data front, the National Association of Home Builders and Wells Fargo Housing Market Index dropped three points to 29 in October, its lowest level since June 2012, as rising borrowing costs continued to weigh on housing, Xinhua reported.
Investing.com said oil prices and bond yields remained key market drivers, with oil edging lower in Asian trading Tuesday as investors weighed President Donald Trump's waiver of some sanctions and tariffs tied to Russian energy exports.
Market participants are turning their focus to a heavy slate of corporate earnings this week, as reported by Xinhua. General Motors is scheduled to report third-quarter results before Tuesday's opening bell, followed by Netflix after the market close, and Tesla is slated to report Wednesday following the unveiling of its redesigned Roadster, alongside quarterly updates from Meta Platforms.
Investing.com added that semiconductor and technology equipment companies including Lam Research and Texas Instruments are also due to report this week.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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