727 FinancePANews October 19 news, according to Investing.com, U.S. stock futures rose on Sunday evening, with Nasdaq futures leading the gains. S&P 500 futures rose 0.5% to 7,739.75 points, Nasdaq 100 futures rose 1% to 29,686.75 points, and Dow futures rose 0.1% to 52,272.0 points. In the previous week, dragged down by concerns over AI infrastructure financing costs and the sustainability of technology stock valuations, the Nasdaq Composite fell 4.5%, ending a four-week winning streak; the S&P 500 fell nearly 2%, its largest weekly decline since late June. The Philadelphia Semiconductor Index posted its longest losing streak since the 2008 financial crisis. Nvidia-backed data center operator CoreWeave fell 12% on Friday and about 25% over five days. This week, technology giants including Meta and Tesla will report earnings. In addition, Trump exempted Russia sanctions and tariffs, and Brent crude oil futures fell more than 1% to $108.52 per barrel.
US stock futures rebound as investors return to AI trade after selloff.
Related news
Financing Weekly | Kalshi completes $1 billion Series G funding, led by Sequoia Capital and Wellington Management.
Kalshi completed a $1 billion Series G funding round, reaching a post-money valuation of $40 billion, nearly double its $22 billion valuation in May this year;...