AI stocks rebounded on Wall Street to recover some of last week's steep losses, with the S&P 500 up 0.5% and the Nasdaq up 1.1%, though most US stocks outside tech were falling. Australian share futures pointed to a 0.8% fall at the ASX open, while several European indexes dropped more than 1% after weekend protests raised the prospect of higher government spending and bond market pressure. AI stocks had slumped last week over worries about expensive borrowing, and the 10-year Treasury yield, at 5.14%, had topped 5.30% earlier this month. Brent crude rose 0.2% to $110.12 a barrel, and South Korea's Kospi jumped 1.8% to recover part of its 14.5% drop from last week.
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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AI stocks recovered part of last week's steep losses on Wall Street, while European indexes fell more than 1% after violent weekend protests. The S&P 500 gained 0.4%, the Nasdaq rose 0.9%, and the Dow slipped 44 points, or 0.1%. CoreWeave rose 0.6% after trimming an early 7% gain, following a 25.2% plunge last week, and Nvidia added 0.6%. The 10-year Treasury yield edged up to 5.10%, after touching 5.30% earlier this month, its highest level since 2002. Brent crude fell 1.6% to $108.13 a barrel, and Cleveland-Cliffs jumped 7.7% after reporting a bigger-than-expected quarterly profit.
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US stock futures were mixed on Monday, with Dow futures down 0.1%, S&P 500 futures up 0.5%, and Nasdaq 100 futures up more than 1%, as tech led a rebound after all three major indexes ended lower on Friday. The Nasdaq had its worst week since June, while the S&P 500 rose after a nearly 2% drop the previous week. Nvidia and AMD led semiconductor shares higher, and CoreWeave was set to open higher after AI financing worries pressured it last week. Investors are looking ahead to Netflix's results after Tuesday's close and to Tesla and Meta earnings on Wednesday. Brent crude was at $108 per barrel after Ukraine struck Russian oil facilities and tankers were attacked in the Middle East, while West Texas Intermediate fell to $98.
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Morgan Stanley says the bull market in risk assets could regain momentum as strong growth, corporate earnings and AI-driven productivity offset rising bond yields. It argues higher yields mainly reflect resilient nominal growth rather than weakening conditions, which is why it has moved to overweight global equities versus fixed income. The main risk is an oil supply shock that forces central banks to tighten policy excessively, with diesel supplies particularly vulnerable. By region, it keeps an overweight on US equities, stays cautious on Europe due to energy headwinds while favoring banks and utilities, and flags weaker earnings prospects for Indian equities.
- US Equity Markets Mixed Amid Gains in Technology, Consumer Discretionary Stocks
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