Nasdaq Composite rebounds 436 points at midday on Intel upgrade
Published on 10/19/2026 at 19:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI rebound and Tuesday data
- Nasdaq Composite trades at 26,576 points at 11:34 a.m. ET on October 19, up 436 points or 1.7 percent.
- Chip shares recover after the Nasdaq Composite's 4.5 percent weekly fall.
- Sandisk leads the cited movers, up 7.4 percent as memory sentiment improves.
- Housing starts and building permits are due October 20 at 8:30 a.m. ET.
The Nasdaq Composite trades at 26,576 points at 11:34 a.m. ET on October 19, up 436 points or 1.7 percent. AI-linked shares are recovering after last week's 4.5 percent weekly decline, The Globe and Mail reports.
Sandisk leads the cited Nasdaq movers, rising 7.4 percent as memory stocks rebound. Micron Technology gains 4.7 percent, while Intel advances after a JPMorgan upgrade, CNBC reports.
Why is the Nasdaq Composite higher at midday?
Chip stocks are leading the recovery from Friday's selloff. Intel rose after JPMorgan upgraded the stock from underweight to neutral, while Broadcom and Micron also advanced.
AI-related shares are recovering as oil prices and Treasury yields ease. The rebound comes before earnings from several technology companies, with investors assessing whether AI spending can translate into revenue growth, Reuters reports.
Chip stocks lead the Nasdaq Composite rebound
Sandisk rose 7.4 percent and Micron Technology gained 4.7 percent in the cited midday snapshot. Intel also moved higher after the JPMorgan rating change, according to The Globe and Mail.
The Nasdaq Composite is recovering part of Friday's 573-point decline. Its previous close was 26,140 points, leaving Monday's index level 436 points higher.
What comes next for Nasdaq Composite?
- October 20, 2026, 8:30 a.m. ET: September housing starts and building permits are due from the U.S. Census Bureau, StockTitan reports.
- October 20, 2026, 4:01 p.m. ET: Netflix is scheduled to release third-quarter earnings after the market close, StockTitan reports.
Nasdaq Composite price data for October 19, 2026
The Nasdaq Composite stood at 26,576 points at 11:34 a.m. ET on October 19, up 436 points or 1.7 percent from the previous close, The Globe and Mail reports. The previous close was 26,140 points on October 16, Yahoo Finance reports.
Nasdaq Composite by the numbers on October 19, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq, United States
- Level at 11:34 a.m. ET on October 19, 2026: 26,576 points
- Change versus previous close of October 16, 2026: up 436 points (up 1.7 percent)
- Previous close: 26,140 points
