US markets are weighed down by an extended sell - off in the tech sector

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• Tech Rebound Lifts Wall Street Pre-Bell; Asia Mixed, Europe OffYahoo Finance·19/10, 11:10▲ QQQ▲ META▲ SPY▲ AAPLWall Streettech stocksQQQ
• Markets today : Wall Street hit by tech slump , ASX set to edge lower

  A broad sell-off in tech stocks pushed Wall Street lower, with the S&P 500 down 1.1% and the Nasdaq down 2.1%, marking the market's worst week since late June. Chipmakers including Micron, AMD, Broadcom and Intel fell as investors questioned how long the AI spending boom could last, while Netflix dropped 2.9% after a management change. The 10-year Treasury yield eased to 5.09% from 5.10%, after touching its highest level since 2002 earlier this month, and traders put the odds of a Fed rate hike in December at 74.3%. Brent crude jumped 3.7% to $US109.86 a barrel amid the Iran war and Strait of Hormuz supply concerns. The ASX was set to open slightly lower.

  theage.com.au·18/10, 19:30▼ QQQ▼ NVDA▼ AAPL▼ AMZNWall Streettech stocksQQQ
• Tech stocks stumbled. Now comes a crucial week for Wall Street.MarketWatch·19/10, 11:30▼ QQQ▼ SPYQQQSPYtech stocks
• Markets today : Wall Street hit by tech slump , ASX set to edge lower

  A broad sell-off in technology stocks pushed Wall Street lower, with the S&P 500 down 1.1% and the Nasdaq down 2.1%, leaving the S&P 500 about 2% lower for the week and erasing last week's record gains. Chipmakers including Micron, AMD, Broadcom and Intel led the declines amid doubts about how long the AI spending boom can last, as tech giants that rely on debt may struggle to keep borrowing while bond yields climb. The 10-year Treasury yield eased to 5.09% but had topped 5.30% earlier this month, its highest since 2002, and traders now see a 74.3% chance of a Fed rate hike in December, up from 50.2% a month ago. Brent crude jumped 3.7% to $109.86 a barrel as the Iran war continues without a U.S.-Iran deal. The Australian sharemarket was set to edge lower, with futures pointing to a loss of 11 points (0.1%).

  brisbanetimes.com.au·18/10, 20:45▼ QQQ▼ SPYWall StreetSPYQQQ
• Stock Market Today: Tech Futures Rebound As AI Names Bounce; AMD, CoreWeave, Nvidia Rally (Live Coverage)Yahoo Finance·19/10, 12:20▲ NVDA▲ QQQNVDAQQQtech stocks
• Stock market today: Dow, S&P 500, Nasdaq futures mixed as the AI trade rebounds

  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.

  Yahoo Finance·19/10, 11:27▲ QQQ▲ NVDA▲ SPYQQQSPYNVDA

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• Intel stock pops after JPMorgan gives a Neutral upgrade

  JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.

  Yahoo Finance·19/10, 14:04IntelJPMorgansemiconductors
• Intel leads chip stocks higher as investors jump back into AI trade

  Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.

  Yahoo Finance·19/10, 13:57▲ NVDA▲ QQQ▲ SPYNVDAIntelsemiconductors
• Netflix stock is down roughly 25% in 2026 as Q3 earnings loom

  Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.

  Yahoo Finance·19/10, 13:56Netflixearningsstreaming
• Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher

  Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.

  Yahoo Finance·19/10, 13:51Cleveland-Cliffssteelearnings
• Tech rebounds as semiconductor stocks jump: AlphaCheck

  Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.

  Yahoo Finance·19/10, 13:50▲ NVDA▲ QQQ▲ SPYNVDAsemiconductorstech stocks
• AI capex may be Meta's biggest earnings test

  Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.

  Yahoo Finance·19/10, 13:47• META▲ NVDAMETAearningscapital expenditure