S&P 500, Nasdaq open higher as AI stocks rebound ahead of major earnings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The S&P 500 and Nasdaq opened higher on Monday as AI stocks rebounded from last week's sharp selloff.
- ✓While the Dow Jones Industrial Average fell 23.8 points, the S&P 500 rose 43.3 points.
- ✓Lower oil prices also helped markets as many investors waited for key earnings reports due this week.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Oct 19 (Reuters) - The S&P 500 and Nasdaq opened higher on Monday as AI-related stocks rebounded from last week's sharp selloff, while a decline in oil prices provided additional support ahead of key earnings reports this week.
The Dow Jones Industrial Average (.DJI), opens new tab fell 23.8 points, or 0.05%, to 51,978.58 at the open. The S&P 500 (.SPX), opens new tab rose 43.3 points, or 0.57%, to 7,702.77, while the Nasdaq Composite (.IXIC), opens new tab rose 255.3 points, or 0.98%, to 26,395.287.
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Reporting by Ragini Mathur in Bengaluru; Editing by Shilpi Majumdar
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