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US Markets Rally as Buying Returns to AI Stocks, Nasdaq Up 1.4 percent
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CNBC Awaaz•19-10-2026, 20:17
US Markets Rally as Buying Returns to AI Stocks, Nasdaq Up 1.4 percent
- •US stock markets rebounded on Monday driven by investors repurchasing technology stocks following last week heavy selling.
- •The Nasdaq Composite rose 1.4 percent, the S&P 500 gained 0.7 percent, and the Dow Jones finished 0.1 percent higher.
- •Intel shares jumped 5 percent, while AMD and Micron Technology saw gains of 3 percent and 4 percent respectively.
- •Investors are closely monitoring upcoming quarterly earnings from major tech giants like Meta Platforms and Tesla.
Key Questions Answered
Driven by investors repurchasing technology stocks, the Nasdaq Composite rose 1.4%, while the S&P 500 recorded a 0.7% gain and the Dow Jones Industrial Average finished 52 points higher.
Intel shares jumped 5% after receiving an upgrade from a JPMorgan analyst. Meanwhile, Advanced Micro Devices (AMD) climbed 3% and Micron Technology rose 4% as investors returned to technology shares.
Major companies including Meta Platforms and Tesla are scheduled to release their quarterly earnings this week. Investors hope these results will provide clarity on technology sector earnings and massive AI expenditures.
