Stocks
Market on The Indeks: Stocks.
File photo: Photo: Coolcaesar, via Wikimedia Commons, CC BY-SA 4.0.
Chip stocks lost about $2 trillion in eight days. Monday was a bounce, not a verdict.
The Philadelphia chip index fell 11.4 percent last week, its worst week since March 2025, then buyers stepped back in on Monday. Meta reports on Wednesday, and that is where the argument gets settled.
New York, United States · October 20, 2026
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Amazon jumps as Wall Street bets on a faster cloud
Amazon closed up 4.98 percent at $262.45 after Morgan Stanley named it a top pick and raised its price target to $350. The bank expects AWS growth to reach 47 percent in 2027, and earnings on October 29 are the next test.
New York, United States · October 20, 2026
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Futures steadied in New York. Asia slid anyway.
US futures bounced on Sunday night after the Nasdaq's worst week since June, but Asian markets opened the week lower as the argument over AI spending crossed the Pacific. The rout is pausing in one timezone and continuing in another.
Tokyo, Japan · October 19, 2026
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India's IT stocks just had their best week in 18 years
Results season just handed India's IT stocks their best week in 18 years: the Nifty IT index rose 10.4 percent, its biggest weekly gain since 2008, and Tech Mahindra jumped 8 percent on Friday. One good week has not erased the year, though. The index is still down about 16 percent.
Bengaluru, India · October 18, 2026
File photo: Photo: Carol M. Highsmith / Library of Congress, via Wikimedia Commons, Public domain.
The AI selloff capped a bruising week for Wall Street
The Nasdaq fell 2.1 percent on Friday and about 4.5 percent on the week, its worst week since June, as investors started asking hard questions about who pays for the AI buildout. Chip stocks took the worst of it.
New York, United States · October 18, 2026
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