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Closing Brief: Chip and Cloud Rebound Lifts Nasdaq as Most Stocks Slip

Mitesh Patel · Oct 19, 2026 · 4 min read

Tech led a partial rebound from last week's AI sell-off, lifting the Nasdaq 100 1.2%, but utilities, real estate and banks fell and most S&P 500 stocks closed lower.

Closing Snapshot

  • S&P 500 (SPX): 7,691.39 | +31.95 | +0.42%
  • Nasdaq 100 (NDX): 29,529.35 | +341.80 | +1.17%
  • Dow Jones (DJIA): 51,966.03 | -36.38 | -0.07%
  • Russell 2000 (RUT): 2,728.30 | +6.93 | +0.25%
  • VIX: 18.44 | -1.55, the fear gauge easing after Friday's jump
  • 10-Year Treasury Yield: 5.15% | +6 basis points (a basis point is 0.01 percentage point)
  • WTI Crude (December): ~$98.3 | roughly flat to slightly lower
  • Brent Crude: ~$108 | about -1.5% as traders took profits after last week's multi-month high
  • Gold: ~$4,160 | about -0.5%
  • DXY (US Dollar Index): ~101.9 | about +0.1%

Technology stocks recovered part of last week's losses, when the Nasdaq 100 had its worst week since June on worries that companies building out artificial intelligence were borrowing too heavily. Chip, memory and storage makers led the bounce, with Western Digital up 6.1% and SanDisk up 5.5%, and Amazon added 5.0% after Morgan Stanley named it a top pick. The advance was narrow: only the technology and consumer discretionary sectors finished higher, and about two of every three S&P 500 stocks fell. Utilities, real estate and financials took the heaviest losses as the 10-year Treasury yield climbed back to 5.15%. The S&P 500 gained 0.42% while the Dow finished essentially flat.

For information and education only; not investment advice. See the full disclaimer.

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