Nasdaq jumps 1.1% as tech rebounds; yields climb and Asia slides overnight
Tuesday, October 20, 2026 · as of Oct 20, 6:29 AM ET · covers the prior trading session
A rebound in megacap and chip stocks lifted the Nasdaq 1.11% and the S&P 500 0.41% on Monday, while the 10-year Treasury yield rose 6 bp to 5.15%. Asia sold off on Tuesday on AI-financing worries, with the KOSPI down 3.73%, and European stocks were lower. WTI crude moved back above $100.
Key numbers
What mattered yesterday
- Tech-led rebound: the Nasdaq Composite gained 1.11% and the S&P 500 0.41% on Monday, Oct 19, while the Dow slipped 0.07% and the Russell 2000 added 0.25%. Tapeboard
- Megacaps and chipmakers drove the bounce after last week's AI-financing selloff: Amazon rose about 5%, Tesla 3.8%, Micron 3% and Nvidia 1.4%. Trading Economics
- Homebuilder sentiment weakened: the NAHB Housing Market Index fell to 29 in October vs. a 32 consensus and 32 prior. Trading Economics calendar
- Treasury yields climbed: the 10-year rose 6 bp to 5.15% and the 2-year 3 bp to 4.77% (Oct 19 vs. Oct 16). U.S. Treasury
- Oil whipsawed: WTI futures fell 2.89% to $98.48 on Monday, then rose back above $100 overnight. Tapeboard, Trading Economics
Market snapshot
S&P 500
Oct 19 close · Tapeboard
Level
7,690.73
Change
+0.41% vs prior close
Nasdaq Composite
Oct 19 close · Tapeboard
Level
26,430.89
Change
+1.11%
Dow
Oct 19 close · Tapeboard
Level
51,966.03
Change
-0.07%
Russell 2000
Oct 19 close · Tapeboard
Level
2,728.30
Change
+0.25%
Nikkei 225
Oct 20 close · Trading Economics
Level
64,075
Change
-1.3% vs prior close
Hang Seng
Oct 20 close · Trading Economics
Level
23,868
Change
-1.3% (Mon holiday)
Shanghai Composite
Oct 20 close · Trading Economics
Level
3,735.4
Change
+0.12%
KOSPI
Oct 20 close · Trading Economics
Level
5,553
Change
-3.73%
STOXX 50
~06:25 ET · Trading Economics
Level
6,100.00
Change
-0.76% vs prior close
FTSE 100
~06:25 ET · Trading Economics
Level
10,704.82
Change
-0.56%
DAX
~06:25 ET · Trading Economics
Level
25,149.70
Change
-0.67%
CAC 40
~06:25 ET · Trading Economics
Level
7,818.80
Change
-0.63%
2-year Treasury
Oct 19 · U.S. Treasury
Level
4.77%
Change
+3 bp vs Oct 16
10-year Treasury
Oct 19 · U.S. Treasury
Level
5.15%
Change
+6 bp vs Oct 16
SOFR
Effective Oct 16 · NY Fed
Level
3.88%
Change
unavailable
EFFR
Effective Oct 16 · NY Fed
Level
3.88%
Change
unavailable
Europe & US futures
·
Level
Change
Dow / S&P 500 / Nasdaq 100 futures
~06:25 ET · Trading Economics
Level
unavailable
Change
each up at least 0.1%
DXY
~06:25 ET · Trading Economics
Level
101.86
Change
-0.11% vs prior close
EUR/USD
~06:25 ET · Trading Economics
Level
1.1215
Change
+0.02%
USD/JPY
~06:25 ET · Trading Economics
Level
158.17
Change
-0.21%
WTI crude (futures)
Oct 19 close · Tapeboard
Level
$98.48
Change
-2.89%
WTI crude (live)
~06:25 ET · Trading Economics
Level
$100.78
Change
+2.27% vs prior close
Gold (spot)
~06:25 ET · Trading Economics
Level
$4,112
Change
-0.69% vs prior close
Copper
~06:25 ET · Trading Economics
Level
$6.54/lb
Change
+0.02% vs prior close
US close
·
Level
Change
Asia latest session
·
Level
Change
Rates
·
Level
Change
FX
·
Level
Change
Commodities
·
Level
Change
Why it mattered
Reported: Monday's gains partly reversed last week's AI-financing selloff (Trading Economics), but Asia and Europe did not follow: the KOSPI fell 3.73% on chip selling (Trading Economics), and the Nikkei hit a one-month low (Trading Economics). Fed funds futures price about an 83% chance of a hold at the Oct 27–28 FOMC and a 94% chance of a hike in December (Trading Economics).
Our read (commentary, not investment advice): Long yields above 5% and oil near $100 are pulling against the tech rebound. The bounce needs support from earnings.
Today's calendar
- 08:30 ET — US housing starts (Sep; consensus 1.30M, prior 1.275M) and building permits (consensus 1.39M, prior 1.403M)
- 10:00 ET — US pending home sales (Sep; consensus -0.5% m/m, prior +0.3%)
- 16:30 ET — API crude inventories
- Earnings (times TBD): GE, Netflix, RTX, United Airlines, General Motors
- Later this week: US jobless claims Thu 08:30 ET; US flash PMIs Fri 09:45 ET (Trading Economics calendar)
Business lens
- Dairy (USDA, week ending Oct 10): 40-lb blocks $1.4309/lb (-2.7¢ w/w), butter $1.3600 (-1.0¢), nonfat dry milk $1.9692 (+3.3¢), dry whey $0.7198 (+3.8¢). Barrels: unavailable. Blocks and butter: down four straight weeks. September FMMO all-market average: Class III $16.04/cwt, Class IV $18.94 (USDA AMS). CME spot dairy and Class III/IV futures: unavailable.
- Feed: corn, soybean, soymeal and wheat settles: unavailable.
- Fuel: US on-highway diesel $6.179/gal for the week of Oct 12, down 2.0¢ w/w (EIA).
- Freight: unavailable.
- Rates: SOFR 3.88%, and the 2-year is at 4.77% with markets pricing a December hike, so floating-rate costs are more likely to rise.
Our read: Class IV is above Class III because NDM is strong, even with butter at $1.36. Falling block prices point to a weaker Class III for October. Diesel above $6 keeps hauling costs a margin risk.
Tapeboard: Stock Market Today, Oct 19, 2026
tapeboard.com
Trading Economics: US stock market
tradingeconomics.com
Trading Economics: Japan stock market
tradingeconomics.com
Trading Economics: Hong Kong stock market
tradingeconomics.com
Trading Economics: South Korea stock market
tradingeconomics.com
Trading Economics: Euro area stock market
tradingeconomics.com
Trading Economics: UK stock market
tradingeconomics.com
Trading Economics: US dollar
tradingeconomics.com
Trading Economics: Economic calendar
tradingeconomics.com
U.S. Treasury: Daily Treasury Par Yield Curve Rates
home.treasury.gov
Federal Reserve Bank of New York: Reference rates
newyorkfed.org
USDA AMS: National Dairy Products Sales Report and FMMO class prices
mpr.datamart.ams.usda.gov
EIA: Gasoline and Diesel Fuel Update
eia.gov