The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average gained 1.02% to 52,497.42, led by industrial stocks. The Nasdaq Composite slipped 0.02% to 26,424.82 as tech stocks lagged, even though AI stocks firmed after recent sell-offs. Jake Behan of Direxion said the link between AI-driven growth and higher rates is being tested, and hyperscaler earnings over the next few weeks will be the next major stress test for the AI trade. The U.S. dollar weakened against major currencies, with EUR-USD up 0.21% to 1.1236 and GBP-USD up 0.57% to 1.3381. Globally, European indices drifted lower and Asian markets diverged, with Hang Seng, Nikkei 225 and KOSPI falling while Indonesia's IDX Composite rose 5.65%.
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Original headline: U . S . stocks end on mixed note Tuesday , Dow Jones stars
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S&P 500Dow JonesNasdaqUS dollarartificial intelligence
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
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- Wall Street diverges Tuesday , industrials advance , techs slip
Wall Street diverged on Tuesday, with industrials rising sharply while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average rose 1.02% to 52,497.42 and the Nasdaq Composite slipped 0.02% to 26,424.82. Direxion's Jake Behan said the market had tolerated higher rates because of the AI growth story, but that relationship began to be tested last week, and upcoming hyperscaler reports on ROI, data centre spending and 2027 capex would matter more than headline earnings. The U.S. dollar weakened against major currencies, European indices mostly fell, and Asian markets diverged: Japan's Nikkei 225 dropped 1.30% and South Korea's KOSPI fell 3.73%, while Indonesia's IDX Composite jumped 5.65%.
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U.S. stocks diverged on Tuesday, with industrials rallying strongly while tech shares slipped slightly, even as AI stocks firmed after recent sell-offs. Jake Behan of Direxion said the market had long tolerated higher rates thanks to AI-driven growth, but that relationship has begun to be tested, and upcoming hyperscaler reports will be the next major stress test. The S&P 500 closed at 7,712.75, up 22.02 points (0.29%), while the Dow Jones Industrial Average gained 531.39 points (1.02%) to 52,497.42 and the NASDAQ Composite fell 6.07 points (0.02%) to 26,424.82. The U.S. dollar weakened against major currencies, with EUR-USD up 0.21% to 1.1236. In Asia, Japan's Nikkei 225 fell 1.30% and South Korea's KOSPI dropped 3.73%, while Indonesia's IDX Composite surged 5.65%.
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On Tuesday, the S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average rose 531.39 points (1.02%) to 52,497.42, leading gains in industrial stocks, and the Nasdaq Composite slipped 0.02% to 26,424.82 as tech shares lagged. AI stocks firmed after recent sell-offs, but Direxion’s head of capital markets, Jake Behan, said upcoming hyperscaler earnings focusing on ROI, data center spending and 2027 capex would be the next major test for the AI trade. The U.S. dollar weakened against major currencies, with EUR-USD rising to 1.1236, GBP-USD to 1.3381 and USD-JPY easing to 158.22. Abroad, Canada’s S&P/TSX Composite gained 0.50%, the FTSE 100 and CAC 40 edged lower, and South Korea’s KOSPI fell 3.73%.
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Industrial stocks rallied while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29 percent, while the Dow Jones Industrial Average gained 531.39 points (1.02 percent) to 52,497.42 and the Nasdaq Composite slipped 0.02 percent to 26,424.82. Jake Behan of Direxion said upcoming hyperscaler earnings would be the next major test for the AI trade, with guidance on ROI, data centre spending and 2027 capex seen as more important than headline earnings. In Asia, Japan’s Nikkei 225 fell 1.30 percent to 64,075.42 and South Korea’s KOSPI dropped 3.73 percent, while Indonesia’s IDX Composite rose 5.65 percent. The U.S. dollar weakened against major currencies, with EUR-USD at 1.1236.
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