The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average gained 531.39 points (1.02%) to 52,497.42 as industrials led the advance. The Nasdaq Composite slipped 0.02% to 26,424.82 as tech stocks lagged, though AI shares firmed after recent sell-offs. Hyperscaler earnings are due in the coming weeks, and Direxion's Jake Behan says guidance on ROI, data centre spending and 2027 capex will be a key test for the AI trade. The US dollar weakened against major currencies, with GBP-USD up 0.57% to 1.3381 and EUR-USD up 0.21% to 1.1236. Most European benchmarks eased, with the FTSE 100 down 0.29%, while Asian markets diverged: the Nikkei 225 fell 1.30%, the Hang Seng dropped 1.32%, the KOSPI slid 3.73%, and Indonesia's IDX Composite jumped 5.65%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on sanantoniopost.com ↗
Keywords
Wall StreetUS dollarNasdaqQQQexchange rates
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Wall Street closes higher Thursday but tech stocks lag
U.S. stocks closed higher on Thursday even as AI stocks, including Nvidia, sold off sharply. The Dow Jones rose 556.21 points (1.08%) to 52,177.69, the S&P 500 gained 0.33% to 7,744.06, and the Nasdaq Composite lagged with a 0.08% gain to 26,713.03. The September Producer Price Index rose 1.3%, or 6.3% annualized, its highest readings in four years. TradeStation's David Russell said inflation is getting worse as energy prices stay high, and the Fed might be forced to act.
- LatAm Opens After Brazil Stocks Fall 1 . 06 %
Wall Street closed higher on Thursday, with the Dow up 1.08%, the S&P 500 up 0.33% and the Nasdaq up 0.08%. US producer prices rose 1.3% in September against a 0.5% forecast, keeping global bond yields high. The dollar index fell 0.54% to 102.00, lifting the Mexican and Chilean currencies a little, but Brazil's real weakened 1.4% to 5.0969 per dollar as the Ibovespa fell 1.06%, its third straight loss. The article says investors are demanding a higher premium to hold Brazilian risk, and the key things to watch are whether the IBC-BR activity reading meets the 0.3% estimate and whether the real stabilises.
- Dollar Outlook After Inflation Shock Hits Tech and Oil
- Why Are Nasdaq Futures Falling Premarket? CRWV, NBIS, TSLA, SPCX, MU, ASTS, NFLX, SLS Stocks In Focus
- Tech Stocks Power S & P 500 and NASDAQ Higher
- Nasdaq 100 Sees Best Day In Nearly A Month As AI Rout Cools — AMZN, BE, CRWV, AAPL, PLTR In Focus
The Nasdaq 100 rose 1.2% on Monday, its best day in nearly a month, as investors returned to AI stocks after a week-long sell-off. The S&P 500 gained 0.4% and the Dow Jones slipped 0.1%, while the VanEck Semiconductor ETF (SMH) gained just over 2%. The Nasdaq had fallen 4.5% the previous week amid worries over the AI trade, including Anthropic's reported Q3 sales of $16.8 billion (up from $11.6 billion in Q2), bond investors pulling back from CoreWeave, and a Gartner forecast that 80% of the neocloud market would cease to exist. Amazon shares rose nearly 5% after Morgan Stanley reaffirmed its 'Overweight' rating. Investors are now looking to Meta and Tesla earnings this week.
Related markets
Latest news
- The U.S. Army Is Spending $2.2 Billion on Micro Nuclear Reactors. This Stock Could Benefit.
On Aug. 26, the U.S. Army announced $2.2 billion in funding for several companies to own, build and operate nuclear microreactors for military installations, under its Janus Program launched in 2025. The goal is to supply safe, reliable power to the military through more than 20 microreactors, which are factory-assembled modular designs that can be built faster and at lower cost than large plants. BWX Technologies (BWXT) was selected as one of the vendors, given its long history of building reactors for the U.S. Navy. BWXT shares rose about 136% over five years but fell about 40% over the past six months, and the company recently raised its 2026 guidance for revenue, adjusted EBITDA, non-GAAP EPS and free cash flow. The article notes BWXT has a proven record of deploying its technology and earning profits, unlike some SMR companies without earnings.
- Utah AG sues Kalshi, pursues profits from prediction market company
Utah Attorney General Derek Brown sued Kalshi, its affiliates and two Susquehanna trading companies, alleging the prediction market platform has facilitated illegal betting in the state since 2024. Utah asked the court to compel the companies to return about $30 million to $60 million in profits and to stop sports, election, politics and culture bets in Utah. The lawsuit alleges Kalshi illegally served more than 32,000 users in the state, causing significant losses. A judge had earlier ruled for Utah in August, and an appellate court denied Kalshi's injunction request in September. The case is one of many filed by states against prediction market platforms such as Kalshi and Polymarket, as the U.S. Supreme Court considers New Jersey's case.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- Wall Street diverges Tuesday , industrials advance , techs slip
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.
- America's dismal housing market to get even worse in 2027, grim forecast predicts
Goldman Sachs expects America's housing market to stay frozen in 2027, with about 3.9 million existing homes changing hands, slightly fewer than this year and 26% below 2019 levels. Mortgage rates have climbed back above 7%, keeping buyers out while homeowners hold on to cheap loans: more than 95% of existing mortgage borrowers have rates below current market levels, and 65% are at least 2 percentage points lower. Rates have risen nearly 1.5 percentage points since February lows, and Goldman says affordability will increasingly weigh on activity. The Mortgage Bankers Association forecasts single-family mortgage lending will fall 5% in 2027 to just under $2 trillion, with new-home construction slowing. Housing-linked stocks are already down, with the SPDR S&P Homebuilders ETF off about 9% and the iShares Mortgage Real Estate ETF down about 24% this year.
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.