Markets start the week with AI stocks under pressure after hotter-than-expected September inflation raised expectations of higher US rates and fed worries about debt-funded AI spending. Last week the Philadelphia semiconductor index fell 11.41% and the Nasdaq Composite lost 4.48%, with CoreWeave shedding about a quarter of its value and Oracle down 9.31%. Earnings are in focus, with SpaceX and Netflix reporting on Tuesday and Meta and Tesla on Wednesday after the close. Netflix reportedly plans to cut around 6% of its workforce, roughly 1,000 roles, its biggest reduction since 2022. SpaceX has also agreed to buy spectrum licenses from Grain Management for about $8 billion, a move into the wireless market.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
inflationinterest ratesFedSpaceXSPY
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- The 10-Year Treasury Is Above 5% for the First Time in Almost 20 Years. History Says This Is How the S&P 500 Index Will Perform Over the Next 12 Months.
The 10-year Treasury yield closed at 5.06% on October 15, its first close above 5% since July 19, 2007, a level viewed as a key anchor for pricing across the economy. The article compares this with 2007, when the S&P 500 fell 19% in the following 12 months and 11% over the next five years, after yields had risen 26% in the prior four years. Yields have also climbed 26% in the past year as the central bank raises rates to fight stubborn inflation. Key differences include a normal yield curve today versus an inverted one in 2007, stricter bank rules after Dodd-Frank, and a stock market dominated by profitable tech firms. The article argues investors should stay focused on high-quality companies for the long term.
- 3 Words From Fed Chair Kevin Warsh Suggest the Worst Is Yet to Come for Wall Street
The article argues that Fed Chair Kevin Warsh's repeated use of the phrase “dose of accommodation” signals that the Fed does not view monetary policy as restrictive and may keep raising rates. The FOMC raised rates by 25 basis points to 3.75%-4.00% on Sept. 16, and the article notes that September PPI later rose 6.3% on a headline basis and 5% for core PPI. The author contends that higher borrowing costs could weigh on debt-funded AI infrastructure spending and slow AI growth projections, and that valuations leave little margin for error.
- Stocks rebound into key tech earnings: Three things to know in Bitcoin this week
Bitcoin started the week near $82,000 as stock markets attempted a tentative rebound after last week's tech-led selloff that began in South Korea, where KOSPI gained about 1.8% on Monday. Analysts expect bitcoin to retest $80,000 support after a weekly close below key local support, when the Coinbase Premium Index hit -0.14, its lowest level since late June. About 15% of S&P 500 companies report third-quarter earnings this week, including SpaceX, Tesla and Meta. Markets see 85% odds that the Federal Reserve keeps rates in the 3.75%-4.00% range at its October 28 meeting, and 75% odds of one 25-basis-point hike by year-end after two further hikes were priced out. Persistent inflation remains a concern, with September CPI at 3.7% year-on-year and PPI up 1.7% month-on-month, keeping tighter policy in view.
- 3 Words From Fed Chair Kevin Warsh Suggest the Worst Is Yet to Come for Wall Street
Fed Chair Kevin Warsh repeatedly said the Fed had 'removed a dose of accommodation' at its September meeting, a signal that inflation remains a concern. September producer prices rose 6.3% on a headline basis and 5% on a core basis, above expectations, though headline inflation had eased from its 4.2% peak in May. The Fed voted 12-0 on Sept. 16 to raise rates by 25 basis points to 3.75%-4.00%, and the author argues further hikes could come in December and through 2027. Because much AI infrastructure spending is partly debt-financed, the author warns that rising borrowing costs could slow AI growth, noting the market is the second-priciest in history.
- Gold bar and gold ring prices on the morning of 19/10 at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
Domestic gold bar and ring prices fell 500–800 thousand VND per tael across SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải in the midday update on October 19. Early that morning, gold bars at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải were quoted at 140.6–143.6 million VND per tael, while Bảo Tín Minh Châu quoted 138.6–143.6 million. From October 16, gold purchases and sales of 5 million VND or more in a day must be paid by non-cash means under Decree 390/2026/NĐ-CP. Internationally, gold traded around 4,160–4,180 USD per ounce as investors watched US economic data and the Fed's rate outlook ahead of its October 27–28 meeting. The market still leans toward the Fed holding rates steady, but persistent inflation keeps expectations of a rate hike before year-end elevated.
- Rising Costs Continue to Challenge U . S . Consumers : How Much Longer Can They Cope ?
Consumer prices in the U.S. rose again in September 2026: CPI climbed to 3.7% year-over-year from 3.4% in August, mainly driven by a 9.1% jump in gasoline prices in a single month. Core inflation also edged up from 2.4% to 2.6%. Wholesale diesel prices soared 21% in one month, and the average retail diesel price hit $6.32 per gallon by mid-October, nearly double the $3.66 a year earlier, according to AAA; experts warn that transport costs will feed into the prices of other goods. Retail sales still rose 0.8% in September, but excluding gasoline they rose only 0.2%. The labor market is showing signs of weakening: the economy added just 29,000 jobs in September versus 90,000 expected, unemployment rose to 4.2%, and inflation-adjusted weekly paychecks fell year-over-year for the first time since May. The Fed raised rates to 3.75%-4.00% in September, its first hike since 2023, and 16 of 18 officials are considering at least one more hike, while the 30-year mortgage rate reached 7.46% by mid-October.
Related markets
Latest news
- Duong Son Ba Arrested, Hai Phong Thermal Power Loses Lawsuit and Must Pay VND 115 Billion to Partner
Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
- Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities
Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.
- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound
Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.
- Baystreet . ca - When Might October Nasdaq Correction End ?
The Nasdaq Composite (QQQ ETF) is 6.96% below its 52-week high after falling 5.52% last week, close to the 10% threshold for a technical correction. The article says high oil prices, sustained by Iran's control of traffic through the Strait of Hormuz, keep September CPI and PPI rising, and that Iran wants higher oil prices to hurt the Republican Party before the midterm elections, so the correction in beaten-down stocks may continue. CoreWeave (CRWV) lost 25.21% last week, closing just 3% above its yearly low, while bears holding a 17% short float bet its $50 billion debt is unsustainable. Nebius (NBIS) fell 25% and Twilio (TWLO) dropped 15.6%, while Autodesk (ADSK), Salesforce (CRM) and Adobe (ADBE) drew buying. The article suggests volatility may ease after the midterms.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.