Nasdaq Composite heads into Monday after 573-point CoreWeave selloff
Published on 10/19/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSChina GDP beats expectations
- Nasdaq Composite closed October 16 at 26,140 points, down 573 points or 2.1 percent.
- China GDP grew 4.5 percent year over year, beating the 4.4 percent forecast.
- CoreWeave fell 11.9 percent as debt concerns hit AI infrastructure shares.
- NAHB housing data arrive October 19 at 10:00 a.m. ET, with a 31 forecast.
The Nasdaq Composite heads into Monday after closing October 16 at 26,140 points, down 573 points or 2.1 percent. AI debt concerns drove the selloff as chip and data-center shares weakened.
CoreWeave fell 11.9 percent on Friday as its debt burden unsettled investors, TradingKey reported. The company debt yield reached distressed levels, while chipmakers also extended their losses.
AI debt concerns drive the Nasdaq Composite selloff
Concerns about debt-funded artificial intelligence infrastructure weighed on technology shares. CNN said CoreWeave dropped almost 12 percent as investors questioned whether future AI returns can cover rising financing costs.
Intel fell 5.8 percent and Micron Technology lost 5.6 percent. Nvidia declined 1.5 percent, according to ABC News.
What comes next for Nasdaq Composite
- October 19, 2026, 10:00 a.m. ET: NAHB Housing Market Index, forecast 31 versus 32 previously, FXEmpire reports.
- October 20, 2026, 6:30 a.m. ET: General Motors is scheduled to release third-quarter results before the open, StockTitan reports.
- October 21, 2026, 4:30 p.m. ET: Meta Platforms is scheduled to report after the close, with investors focused on AI spending, Tech Insider reports.
Nasdaq Composite price data for October 16, 2026
The Nasdaq Composite closed at 26,140 points on October 16, down 573 points or 2.1 percent from the 26,713-point previous close, Nasdaq reports. Nasdaq 100 futures were up 1.0 percent at 6:53 a.m. EDT on October 19, according to Investopedia.
Nasdaq Composite by the numbers on October 16, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq, United States
- Close on October 16, 2026: 26,140 points
- Change versus previous close of October 15, 2026: down 573 points (down 2.1 percent)
- Previous close: 26,713 points
- Pre-market indication (6:53 a.m. EDT): Nasdaq 100 futures up 1.0 percent
- Next scheduled event: October 19, 2026, 10:00 a.m. ET: NAHB Housing Market Index
