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A Breather After the Plunge: Nasdaq Rebounded 1.2% as Demand for AI Stocks Returned
Photo: X/NYSE
The Nasdaq Composite technology index rose 1.2% at the close of trading on October 19 amid a resurgence in demand for shares of AI-related companies, according to CNBC. On Monday, these stocks saw a slight respite following a recent sell-off, MarketWatch reports.
Shares of chipmakers led the gains in the technology sector, rising for the first time in nine trading sessions.
At the same time, the decline in the Dow Jones—which was unable to stay in positive territory—and the rise in U.S. Treasury yields dampened investor optimism.
The S&P 500 broad-market index rose 0.4% during the trading session.
This news story is being updated.
This article was AI-translated and verified by a human editor
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