US Pre-Market 19 October 2026: Nasdaq Futures +1.23% as Chip Stocks Rebound; CLF.US +11.82% on Earnings Beat
Sentiment: mixed S&P 500 futures: +0.47%
Nasdaq 100 futures are +1.23% and S&P 500 futures +0.47% at 8:31am ET on 19 October 2026, as chip stocks recover part of last week's 10.53% fall in SMH.US and the 10-year Treasury yield eased to 5.085%, per Reuters. CLF.US is +11.82% pre-market after adjusted EPS of 28 cents against a 21 cent FactSet estimate, per CNBC. Brent is -1.47% at $108.25 after President Trump waived sanctions and tariffs on Russian energy on Friday, which pulls XOM.US and CVX.US lower before the open.
Overnight drivers
- Chip rebound: SMH.US is +3.13% pre-market after Friday's 3.41% loss. LRCX.US is +4.57%, SNDK.US +4.32%, INTC.US +4.24%, MU.US +3.69%, AMD.US +3.58% and NVDA.US +1.91%. JPMorgan upgraded Intel to neutral from underweight, per CNBC, and Intel chief executive Lip-Bu Tan told Nikkei the company was "80% done" with its restructuring, per TipRanks.
- AI data center names: NBIS.US is +7.42% and CRWV.US +6.94% after losing 12.18% and 11.91% on Friday. Yields on CoreWeave's bonds touched 15% last week, per XTB.
- Oil and Russia: Trump signed an executive order on Friday waiving sanctions and tariffs on Russia under the Graham Act, which could add Russian fuel exports, per Reuters via TheStreet. December WTI is -1.34% at $97.69. The UK navy reported 10 attacks on commercial vessels in and near the Strait of Hormuz last week, per TheStreet.
- China growth: China's third-quarter GDP rose 4.5% on the year against a 4.4% forecast, per XTB. The Shanghai Composite closed +0.39% at 3,730.92.
- Rates: the 10-year Treasury yield traded at 5.085% early Monday, per Reuters, against Friday's 5.098% close. The US Dollar Index is +0.01% at 101.85 and gold +0.10% at $4,185.40.
Friday on Wall Street
The S&P 500 closed at 7,659.44 on 16 October 2026, down 1.09%, as technology fell 3.02% on concern over debt-funded AI spending.
- S&P 500: 7,659.44 (-1.09%)
- Nasdaq: 26,140.03 (-2.14%)
- Dow: 52,002.41 (-0.34%)
- Russell 2000: 2,721.37 (-1.66%)
- VIX: 18.58 (-7.05% this morning)
The Nasdaq lost 4.48% for the week, its worst week since June, per CNBC, and the S&P 500 fell 1.95%. Both closed below their 50-day moving averages. QQQ.US is +1.34% pre-market.
Overnight Asia and Europe
South Korea's KOSPI closed at 5,768.01 on 19 October 2026, up 1.76%, while Japan's Nikkei 225 fell 0.62%. A DeepSeek model update on 17 October sent Asian chipmakers lower before they recovered most of the losses, per XTB.
- Nikkei 225: 64,916.70 (-0.62%)
- KOSPI: 5,768.01 (+1.76%)
- Hang Seng: 24,186.83 (+0.52%)
- Shanghai Composite: 3,730.92 (+0.39%)
- STOXX 600: 638.34 (-0.99%)
- DAX: 25,310.24 (-1.22%)
- CAC 40: 7,840.06 (-1.47%)
- FTSE 100: 10,746.82 (-1.24%)
France's CAC 40 is the weakest major European index after more than 500,000 people joined protests on Saturday 17 October, per CNBC.
Pre-market movers
| Ticker | Move | Reason |
|---|---|---|
| CLF.US | +11.82% | Adjusted EPS of 28 cents against a 21 cent FactSet estimate |
| NBIS.US | +7.42% | Unannounced, likely flow-driven. |
| CRWV.US | +6.94% | Unannounced, likely flow-driven. |
| LRCX.US | +4.57% | Reports third-quarter results on 21 October |
| INTC.US | +4.24% | JPMorgan upgraded to neutral from underweight |
| NOC.US | -1.88% | Unannounced, likely flow-driven. |
| RTX.US | -1.73% | Unannounced, likely flow-driven. |
| CVX.US | -1.23% | Brent -1.47% after the US waived Russia sanctions |
| XOM.US | -1.21% | Brent -1.47% after the US waived Russia sanctions |
| NFLX.US | -0.61% | Reports third-quarter results on Tuesday after the close |
- AMZN.US +2.20% after Morgan Stanley named it a top pick and cited faster growth at Amazon Web Services, per CNBC. DDOG.US is +3.23% after a Bernstein upgrade to outperform, and OWL.US +2.26% after The Wall Street Journal reported that bankers approached Blue Owl about a full or partial sale.
- FITB.US +0.54% after adjusted EPS of $1.13, per its 8-K filing, against a $1.08 consensus cited by Earnings Whispers. Net income was $866 million, net interest income $2,271 million and the net interest margin 3.34%; reported EPS of $0.90 includes $171 million of after-tax Comerica merger charges.
- SPCX.US +1.11% ahead of SpaceX's third-quarter report on Tuesday after the close, per TheStreet. Elon Musk said on X that he would give one SpaceX share to every child in America next year.
- META.US +0.41% and TSLA.US +0.26%, both due on Wednesday, trail the 1.34% gain in QQQ.US.
US economic calendar today (ET)
- Before the open (released): Fifth Third Bancorp third-quarter results.
- After the close: Steel Dynamics, W. R. Berkley and Crown Holdings report, per StockTitan.
- Tue 20 Oct, 8:30am: September housing starts and building permits. GE Aerospace, RTX, Northrop Grumman and General Motors report before the open; Netflix and SpaceX after the close.
- Wed 21 Oct, after the close: Meta, Tesla, Texas Instruments, IBM and Lam Research report.
What to watch
- SMH.US +3.13% and QQQ.US +1.34% pre-market against XLE.US -1.08% and XLF.US -0.40%, a reversal of Friday's split, when the technology fund fell 3.02% and XLE.US rose 2.52%.
- The Fed's blackout period runs from 17 to 29 October ahead of the 28 October FOMC decision. CME Group data cited by the Associated Press put the odds of a December rate increase at 74.3% on Friday.
- VIX is 18.58, down 7.05%, after closing at 19.99 on Friday.
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