Why it matters
- The Nasdaq Composite rose 1.11% to 26,430.89 and the S&P 500 gained 0.41% to 7,690.73 on Monday, Oct. 19, as investors returned to chip stocks after last week's sell-off, Reuters reported. The Dow slipped 0.07% to 51,966.03, Yahoo Finance data showed.
- The Philadelphia Semiconductor Index snapped an eight-day losing streak in which it fell about 15.7%, Reuters said. Amazon rose 4.98% after Morgan Stanley named it a top pick, and Cleveland-Cliffs jumped 16.34% after its earnings beat.
- The 10-year Treasury yield rose to 5.15% from 5.09%, Treasury data showed, and U.S. crude settled up 2.2% at $103.66 a barrel after attacks on Saudi facilities, Reuters reported.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks rose on Monday, Oct. 19, because investors returned to chip and AI-linked shares after last week's sell-off, Reuters reported. The Nasdaq Composite gained 1.11% to 26,430.89 and the S&P 500 added 0.41% to 7,690.73, while the Dow Jones Industrial Average slipped 0.07% to 51,966.03, according to Yahoo Finance data.
| Index | Monday close | Change vs. Friday, Oct. 16 |
|---|---|---|
| S&P 500 | 7,690.73 | +31.29 (+0.41%) |
| Nasdaq Composite | 26,430.89 | +290.86 (+1.11%) |
| Dow Jones Industrial Average | 51,966.03 | −36.38 (−0.07%) |
| Russell 2000 | 2,728.30 | +6.93 (+0.25%) |
| S&P/TSX Composite (Canada) | 35,928.63 | −247.97 (−0.69%) |
| Ibovespa (Brazil) | 205,079.25 | −350.75 (−0.17%) |
| S&P/BMV IPC (Mexico) | 69,010.67 | +80.95 (+0.12%) |
Source: Yahoo Finance daily chart data. Reuters' preliminary figures put the S&P 500 at 7,691.07 and the Dow at 51,970.20.
Why did the Nasdaq rise today?
The Nasdaq led Wall Street higher as investors returned to the chip sector, Reuters reported. The Philadelphia Semiconductor Index snapped an eight-day losing streak in which it fell about 15.7%, its longest run of declines since October 2008, Reuters said. The index was up about 1.6% late in the session, Yahoo Finance data showed. Consumer discretionary and technology led the S&P 500's 11 sectors, while utilities and real estate lagged, according to Reuters.
Michael James of Rosenblatt Securities told Reuters that "rubber bands can only stretch so far in one direction before they snap and start reversing." The Cboe Volatility Index fell 7.75% to 18.44, Yahoo Finance data showed.
Which stocks moved the most?
| Stock | Monday close | Change | Reason cited by Reuters |
|---|---|---|---|
| Cleveland-Cliffs | $14.10 | +16.34% | Beat third-quarter profit estimates |
| Amazon | $262.45 | +4.98% | Named a "top pick" by Morgan Stanley |
| Lam Research | $272.20 | +3.13% | — |
| Micron | $904.90 | +2.97% | — |
| Intel | $92.03 | +2.43% | Upgraded to "neutral" by J.P. Morgan |
| AMD | $538.05 | +1.76% | — |
| Nvidia | $217.09 | +1.38% | — |
| CoreWeave | $61.12 | −0.44% | Gave up early gains after a Goldman Sachs upgrade |
Sources: Yahoo Finance chart data; Reuters.
CoreWeave was at the center of last week's sell-off after its shares plunged more than 25% on worries about its debt load, Reuters said.
What did Fifth Third and Cleveland-Cliffs report?
Fifth Third Bancorp reported diluted third-quarter earnings of $0.90 a share, or $1.13 adjusted, the bank said in a release filed with the SEC. Net income available to common shareholders rose to $828 million from $608 million a year earlier, and net interest income rose 3% from the second quarter. The bank said it completed the systems conversion for its Comerica acquisition. Its shares rose 0.28% to $50.51, Yahoo Finance data showed.
Cleveland-Cliffs reported third-quarter net income of $165 million, or $0.26 a diluted share, and adjusted earnings of $0.28 a share on revenue of $5.6 billion, the steelmaker said in its SEC filing. Adjusted EBITDA was $612 million, above its $575 million guidance, and the company said it expects 2027 adjusted EBITDA to exceed $4 billion.
What happened to Treasury yields and oil?
The 10-year Treasury yield rose to 5.15% from 5.09% on Friday, and the 2-year yield rose to 4.77% from 4.74%, Treasury Department data showed. The 30-year yield rose to 5.48% from 5.43%.
U.S. crude futures reversed earlier losses to settle up 2.2% at $103.66 a barrel after Houthi attacks and renewed strikes on Saudi energy, airport and military facilities, Reuters reported. Yahoo Finance's continuous WTI series had moved to a later contract month ahead of the November contract's expiry, so it is not comparable with Friday's settlement. Brent crude for December settled down 0.3% at $109.55 a barrel, Bloomberg reported. Gold futures were down 0.56% at about $4,157.50 an ounce late in the session.
What's next for markets?
The Census Bureau releases September housing starts at 8:30 a.m. ET on Tuesday, Oct. 20, and Netflix reports after the close, according to Nasdaq's earnings calendar; Tesla and Meta report Wednesday, Reuters said. See this morning's day ahead for the week's calendar. Europe's session is in our Europe Monday recap, and Asia's in the Asia Monday recap. Friday's U.S. session recap covered last week's drop, and the markets page tracks the latest numbers.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Reuters via Virginia Business, Nasdaq climbs as chip and AI-linked stocks bounce back
- Fifth Third Bancorp, third-quarter 2026 earnings release (SEC filing)
- Cleveland-Cliffs, third-quarter 2026 results (SEC filing)
- U.S. Treasury, Daily Treasury par yield curve rates, 2026
- U.S. Census Bureau, 2026 economic indicator calendar
- Nasdaq, earnings calendar for Oct. 20 and Oct. 21, 2026
- Yahoo Finance, daily chart data for the S&P 500, Nasdaq Composite, Dow, Russell 2000, S&P/TSX Composite, Ibovespa, S&P/BMV IPC, PHLX Semiconductor Index, VIX, Fifth Third, Cleveland-Cliffs, Amazon, Intel, Micron, Lam Research, AMD, Nvidia, CoreWeave, WTI crude, Brent crude and gold futures
- Bloomberg via Rigzone, Oil prices hover near five-month high (Oct. 19, 2026)