Nasdaq 100 jumps 1.2% at the open as chips rebound from a 6% tech rout; Netflix, Meta, Tesla report this week

The most important thing on the tape this morning is a rebound, and how fragile it looks. Roughly 25 minutes after the opening bell, the Nasdaq 100 was up 1.15% at 29,531, the S&P 500 was up 0.43% at 7,691.8 and the Dow was down 0.13% at 51,906.1, as buyers returned to chips after last week's AI rout. The S&P 500 lost nearly 2% last week and the Nasdaq Composite fell 4.5%, CNBC reported.

The open, with timestamps

Levels below were read from our live market widgets at 9:55 AM ET on Monday, October 19, 2026. Index figures are the live-widget feed, which can differ slightly from the official cash index.

Market	Level	Change
S&P 500	7,691.8	+0.43%
Nasdaq 100	29,531.0	+1.15%
Dow 30	51,906.1	-0.13% (-70 points)
Russell 2000	2,726.7	+0.10%
WTI crude	$99.52	-1.71%
Brent crude	$109.54	-1.89%
Gold	$4,152	-0.32%
Dollar index (DXY)	101.52	+0.06%
Bitcoin (Coinbase)	$82,095.58	+0.82%

The latest daily 10-year Treasury yield on FRED is 5.10%, down 0.09 point from the prior reading, and the 10-year note future was down 0.17% in price this morning. The VIX was 18.54 at 7:00 AM ET, the last reading in our feed, so it is a pre-open number. Friday's closes for reference: S&P 500 7,659.44 and Nasdaq 100 29,187.55.

Who is moving, per Nasdaq.com quotes at 9:56 AM ET

• Intel $94.11, +4.75%. CNBC said JPMorgan upgraded the stock to neutral from underweight.
• Micron $911.92, +3.76%. MarketWatch ran a headline that Micron and other chip stocks "spring back to life" after the selloff; we could not open the full story, so we are not attributing a cause.
• CoreWeave $62.43, +1.69%. CNBC said it was up 4% earlier after a Goldman Sachs upgrade, after a drop of more than 25% last week, its biggest weekly fall since November 2025.
• Nvidia $215.18, +0.49%; Oracle $129.77, +1.20%.
• Before earnings: Tesla +2.17%, IBM +0.50%, Netflix -1.64%, Meta -1.62%, RTX -1.43%.

The Financial Times ran a headline that US defense stocks tumbled as investors bet on a Democratic election sweep. RTX is down, but we have not confirmed that is the reason for today's move.

Why: the AI selloff aftermath, credit, France and oil

AI. Goldman Sachs said hedge funds sold tech by the most on record dating back to 2016 last week, and that the S&P 500 technology sector fell more than 6% in the week ended October 16. Goldman traders also said AI credit spreads at the hyperscalers were at their widest of the year. Today's bounce is a reaction to that positioning, not yet a change in the credit picture.

Oracle's credit is the pressure point. CNBC reported that Oracle's five-year credit default swap spread is 295 basis points after briefly touching 300 on Thursday, up 287% in a year. S&P rates Oracle BBB-, the lowest investment-grade rung, and CNBC cited FactSet figures showing $118 billion in long-term debt.

France. CNBC reported that French 10-year yields rose more than 10 basis points, the gap over German Bunds is the widest since the euro-area debt crisis, the CAC 40 was down 1.7% and more than 2,000 people were arrested after weekend protests. The euro was 0.15% lower against the dollar in that report.

Oil. Crude is lower but near $100 WTI. CNBC pointed to ship attacks in the Persian Gulf and Ukrainian and Russian strikes on energy infrastructure, and The Wall Street Journal headlined that oil fell as traders weighed a Russia sanctions waiver and Middle East risks.

The week ahead

Our live calendar lists only a few U.S. data releases this week. We could not confirm a list of Fed speakers or Treasury auctions from a primary source this morning, so we are not listing any.

• Tue Oct 20, Building Permits: forecast 1.388 million versus 1.394 million prior. A miss would add to rate-sensitivity worries in housing.
• Thu Oct 22, Initial jobless claims: forecast 200,000 versus 199,000 prior. Claims near 200,000 keep the labor market looking tight.
• Fri Oct 23, S&P Global flash composite PMI: prior reading 58.4, a strong level; a drop would be the first sign of cooling.
• Next week, Oct 27-28, Fed meeting: the Fed's calendar shows the FOMC meeting October 27 and 28, so this week's data and oil are inputs to that decision.

Earnings (per Nasdaq.com/Zacks dates)	When	Options-implied move
Netflix	Tue Oct 20, after the close	9.4%
RTX, GE, United Airlines, Intuitive Surgical	Tue Oct 20	5.2%, 6.2%, 6.9%, 7.9%
Tesla	Wed Oct 21, after the close	5.5%
Meta	Wed Oct 21, after the close	7.4%
IBM	Wed Oct 21, after the close	7.7%
Texas Instruments, Lam Research, AT&T	Wed Oct 21	8.3%, 8.7%, 5.0%

Implied moves come from Robinhood options data as of 7:05 AM ET today and describe what options are pricing, not a forecast. Nasdaq.com labels dates as "expected"; timing for the Tuesday names other than Netflix was not confirmed.

Bull case and bear case, in facts

Bull: positioning was washed out, with record hedge-fund tech selling and the second-highest put volume of the year on Friday, per Goldman's note as relayed by CNBC. Oil and the 10-year yield are lower this morning. Confirmation would be the S&P 500 and Nasdaq 100 holding above Friday's closes (7,659.44 and 29,187.55) through the Meta and IBM reports.

Bear: the drivers of last week's drop are unresolved. Oracle's credit spread is a few basis points from 300, French spreads are at crisis-era highs, WTI is still about $100 and the 10-year yield is above 5%. Confirmation would be Oracle's CDS spread moving above 300, a further widening in French-German spreads, or the indexes giving back this morning's gains.

One viral claim that is wrong

No, JPMorgan is not selling $165 billion of stocks today. The figure is a recycled June rebalancing estimate. Read our fact-check.

More on live markets and the futures desk.

Sources: live market widgets and Coinbase (9:55 AM ET); Nasdaq.com quotes (9:56 AM ET); CNBC; Federal Reserve; Zacks via Nasdaq.com; Robinhood options data; FRED. Data may be delayed. This is market information, not investment advice.