Stock Market Update
20-Oct-26 10:35 ET
Tech stocks recover against supportive macro backdrop
Dow +631.48
at 52597.72,
Nasdaq +155.92
at 26607.25,
S&P +53.50
at 7744.30
[BRIEFING.COM] The S&P 500 (+0.7%), Nasdaq Composite (+0.6%), and DJIA (+1.2%) now sport solid gains across the board as buying interest remains wide while tech stocks have recovered from an opening retreat.
The information technology sector (+0.4%) now sits modestly positive as the PHLX Semiconductor (+1.1%) has made an impressive recovery from an early loss that neared 2%.
Importantly, the broader market has not lost momentum alongside the recovery in technology stocks. Advancers outpace decliners by a greater than 3-to-1 ratio on the NYSE and a roughly 2-to-1 clip on the Nasdaq.
Only the energy sector (-1.0%) remains in negative territory as crude oil retreats from earlier highs that exceeded $110 per barrel, now up modestly for the day around the $104 per barrel mark. Treasury yields are also adding support to the market's advance, with the 10-year note yield down seven basis points to 5.07%.
