U.S. stocks rose as the S&P 500 gained 0.6% and the Dow climbed 667 points, or 1.3%, by 10:45 a.m. Eastern, even as AI stocks kept swinging. Equifax rose 10.7% and Hasbro 5.9% on quarterly profits above expectations, while Brent crude fell 2.5% to $106.78 a barrel, lifting American Airlines 7.1%. Braze soared 50.8% to $45.30 after Salesforce agreed to buy it for $47.50 per share in cash, while General Motors sank 4.9% despite a bigger profit and a buyback program of up to $20 billion. In Asia, Elice fell 32% on its first day of trading in Seoul, and South Korea's Kospi dropped 3.7%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on bnnbloomberg.ca ↗
Keywords
S&P 500artificial intelligencefuturesSouth Korea
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 718.36 |
| Change that session | +1.21% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Dow Jones Futures: SpaceX, Supermicro Revive AI Stocks; Tesla, Meta On Deck
- US Stock Futures Steady as AI Concerns Weigh on Tech Shares
U.S. stock futures were largely flat on Friday as falling Treasury yields helped steady Wall Street, though concerns over AI investment and tech valuations kept pressure on sentiment. S&P 500 futures slipped 0.1% to 7,802.00 points and Nasdaq 100 futures edged up 0.1% to 30,173.25 points. On Thursday, the Dow Jones rose 1.1% on healthcare and consumer goods gains, while tech stocks lagged, with Nvidia down 1.8% and Dell and Hewlett Packard Enterprise falling 6.9% and 7.1%. Stronger-than-expected inflation data complicated the Fed's rate outlook, and CME FedWatch showed a 67% probability of a rate hike by December.
- LG Innotek is Collaborating with NVIDIA, Taking One Step Closer to Securing a Leading Position in the Physical AI Market
LG Innotek is collaborating with NVIDIA to build sensing solutions for physical AI and robotics. At GTC Berlin on October 20, it unveiled new sensing products, including a 3-megapixel (MP) camera module and a Multi-modal Vision System (MVS), designed to use NVIDIA's Holoscan Sensor Bridge (HSB) technology for real-time sensor connection to GPUs. HSB is an open-source, Ethernet-based sensor fabric that sends sensor data directly to an AI computer without passing through the CPU. The companies plan to expand into vision sensing and robotic hands for humanoid robots, with solutions to be unveiled at next year's CES and GTC.
- Barclays' Singh on Asian Equity Markets
Kaanhari Singh, Head of Asia Equity Flow Derivatives Sales at Barclays, says the strategy heading into next year is to be long quality in Asia's tech sector. He argues markets now demand a higher bar for earnings beats, judged on capex guidance and monetization, and notes Meta's strong results failed to hold its gains. Singh says Korea is massively oversold, with the six-month KOSPI drawdown the most extended since the GFC and the 10-day drawdown extreme, so a tactical reversion is likely there. Barclays is not yet looking to fade China's selloff, given low expectations for upcoming policy events and no clear catalyst in the next three months.
- CoreWeave debt tumbles anew as Korean neocloud IPO tanks
CoreWeave's debt fell again on October 20 as investors reacted poorly to the public-market debut of Elice Group, a South Korean cloud company often called the South Korean equivalent of CoreWeave. Despite being almost 400 times oversubscribed and pricing at the top of its range, Elice's shares plunged over 32% in their KOSDAQ debut. The article says this is another sign that the neocloud business model might be broken. Elice locked in its IPO pricing on October 6, a day before macro anxiety and capex concerns.
- Elice's huge stock swings show AI's spending boom is getting more investor scrutiny
Shares of Seoul-based AI infrastructure provider Elice plunged 32% in their trading debut, even though its IPO, which raised 201 billion won ($151 million), was priced at the top of its marketed range; the stock rebounded about 30% the next day. Analysts say investors are becoming more selective, separating companies that generate cash from the AI boom from those borrowing heavily to fund expansion, with neocloud providers such as CoreWeave among the most exposed. Rising borrowing costs and widening credit spreads add to the pressure, and HSBC's CEO Georges Elhedery warned that lenders must scrutinize tenancy agreements and contract pricing before financing data-center projects. South Korea and other North Asian tech markets feel the impact most because they are closely tied to chips and memory, though rising earnings estimates suggest the selloff reflects sentiment rather than a collapse in demand.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
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.