Wall Street bounces back after a rough week for tech

US stocks started the new week higher on Monday, October 19, 2026, after several days of heavy selling in technology shares. The tech-heavy Nasdaq Composite led the move, while the Dow Jones Industrial Average slipped into the red just before the closing bell.

According to closing data reported by Armenpress, the Nasdaq gained 1.11% to 26,430.89 points. The S&P 500 added 0.41% to 7,690.73. The Dow lost 0.07% and ended at 51,966.03. Schaeffer's Research said buyers returned to chip and artificial intelligence (AI) stocks that had become cheaper during the sell-off. A semiconductor fund it follows ended a nine-day losing streak.

The bounce came after a difficult week. On Friday, October 16, the Nasdaq fell 2.1% to 26,140.03, according to Goodreturns. Over the whole week it lost about 4.5%. The Associated Press called it the index's worst week since June, according to a weekend market recap. The S&P 500 fell almost 2% over the same week, while the Dow ended slightly higher.

Market reports linked the earlier drop to several problems at once: a sharp fall in chip stocks in South Korea, worries about the debt used to build AI data centres, US inflation of 3.7% in September, and oil near 110 dollars a barrel.

It is not clear yet if Monday's gains will last. Several large companies, including Netflix, Tesla and Meta, were due to report results later in the week. The US Federal Reserve is set to meet on October 27 and 28.