Chip Shares Recover as French Bonds Sell Off Amid Protests
WSJ reports the Nasdaq gained over 1.5% as beaten-down chip names rebounded, while European indexes slipped and French government bonds sold off.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Technology stocks are recovering after a rough finish to last week, with the Nasdaq Composite up more than 1.5%. The Dow Jones Industrial Average has barely moved. Intel climbed 5% after losing 14% last week, while Micron, Marvell and Applied Materials each rose more than 3%. CoreWeave gained 2.8%. Crude oil slipped and Treasury yields edged higher.
The mood in Europe is far weaker. Major regional indexes are trading in negative territory, and French government bonds are under pressure. According to the Wall Street Journal, cost-of-living demonstrations that spread across the country over the weekend have grown uncontrollable. Longer-dated French debt has erased its recent recovery, raising the government's borrowing costs. The euro has weakened against the dollar.
why it matters
Rising borrowing costs in France, driven by a heavy public debt load and street unrest, could keep pressure on European assets, especially the euro and sovereign bonds. The tech rebound suggests investors are buying back chip shares after last week's drop, though it is unclear how durable that move will be.
market impact
French bonds and euro: pressure from protests and higher borrowing costs; US chip stocks: rebound after last week's drop.
tags
instruments
sources
- Tech Stocks Rebound After Friday's Selloff — WSJ, 19 October 2026 at 16:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗