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The Dow Jones ended the session with losses of 350 points. At the day's low, the index was down over 600 points as well. The S&P 500 and Nasdaq retreated from record high levels but outperformed the Dow by not falling as much. Both indices ended with losses of 0.2% each. 
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CNBC TV18•16-10-2026, 05:03
Wall Street Rallies as AI Sell-Off Pauses and Dow Jumps 550 Points
  • •The Dow Jones surged 550 points to end at the session high, while the S&P 500 and Nasdaq reversed earlier losses to close in positive territory.
  • •Dip buyers stepped in and remarks from Nvidia CEO Jensen Huang regarding CoreWeave helped ease investor nerves after a recent sell-off in AI and semiconductor shares.
  • •CoreWeave shares recovered to gain over 6 percent after Huang expressed optimism and noted that the company's cost of capital is decreasing.
  • •Wall Street indices advanced despite a hotter-than-expected September PPI wholesale inflation report that showed a 1.3 percent month-on-month increase.
Read Full Article on CNBC TV18 in English

Key Questions Answered

Benchmark indices recovered as dip buyers stepped in to halt the sell-off in AI and semiconductor shares, supported by optimistic remarks from Nvidia CEO Jensen Huang regarding CoreWeave and a rotation out of tech names.

The September Producer Price Index rose 1.3% month-on-month, marking the highest monthly increase since March 2022 and exceeding the 0.6% estimate, while the year-on-year increase hit 6.3%.

Credit Default Swaps are pricing in a 60% chance of CoreWeave defaulting on repayment obligations within five years, with its 2031 bond yield surging to 15.78% and swap spreads crossing distress levels.

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