Tech Stocks Rebound as Nasdaq Climbs Nearly 1% After Weak Week
The Nasdaq Composite gains about 1% after last week's sharp decline. Amazon and Tesla lead the advance while 10-year Treasury yields rise, WSJ reports.
- 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
US stocks opened higher, with the Nasdaq Composite up around 1% after a sharp slide last week that saw the tech-heavy index post its biggest decline since June, according to the Wall Street Journal. Shares that had been sold off recently are now recovering. Baird managing director Michael Antonelli said renewed confidence is leading investors to expect more economic growth and further Federal Reserve rate hikes.
Yields on the 10-year Treasury are rising. A busy earnings week lies ahead: SpaceX and Netflix report quarterly results tomorrow, while Meta and Tesla report on Wednesday. Investors will focus on capital expenditure plans to confirm that the tech spending boom is still running strong.
why it matters
The tech rebound restores appetite for risk, but rising yields and expectations of more Fed hikes could weigh on richly valued technology shares. Results from Meta and Tesla will show whether companies' spending plans justify investor confidence.
market impact
Nasdaq and tech stocks: rebound after selloff; rising yields pressure growth shares.
instruments
sources
- What's Moving Markets Today? — WSJ, 19 October 2026 at 18:59 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 ↗