{"id":440392,"date":"2026-10-20T04:40:12","date_gmt":"2026-10-19T21:40:12","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-and-s-dow-slips-440392\/"},"modified":"2026-10-20T04:40:12","modified_gmt":"2026-10-19T21:40:12","slug":"nasdaq-and-s-dow-slips","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-and-s-dow-slips-440392\/","title":{"rendered":"Nasdaq and S&amp;P rebounds; Dow slips"},"content":{"rendered":"<div>\n<p>U.S. stocks closed mixed to start the new trading week, with the Nasdaq Composite and Nasdaq 100 gaining more than 1% while the Dow industrial average edged lower.<\/p>\n<p>After last week\u2019s selling, buyers returned to some of the technology names. Amazon led the large-cap rebound with a gain of nearly 5%, while storage, semiconductor and software shares featured prominently among the strongest performers.<\/p>\n<p>However, the gains were far from universal. More stocks declined than advanced on both the S&amp;P 500 and Nasdaq. Buyers are making a play, but broader participation would give the recovery more credibility.<\/p>\n<p>The closing numbers<\/p>\n<ul>\n<li>\n<p>Dow Industrial Average: fell 35.81 points, or 0.07%, to 51,966.60.<\/p>\n<\/li>\n<li>\n<p>S&amp;P 500: rose 33.20 points, or 0.43%, to 7,692.64.<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: rose 290.85 points, or 1.11%, to 26,430.89.<\/p>\n<\/li>\n<li>\n<p>Russell 2000: rose 6.92 points, or 0.25%, to 2,728.29.<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: rose 341.80 points, or 1.17%, to 29,529.35.<\/p>\n<\/li>\n<\/ul>\n<p>Amazon leads, with help from chips and software<\/p>\n<p>Amazon was the standout among the major technology names, rising 4.98% to $262.45. Nvidia added 1.38% to $217.09, while Microsoft gained 0.84% to $533.52.<\/p>\n<p>Apple did not join the advance, slipping 0.15% to $342.94. That divergence is another reminder that even within the largest technology companies, traders are picking their spots.<\/p>\n<p>Some of the stronger individual performers included:<\/p>\n<ul>\n<li>\n<p>Western Digital: +6.12%.<\/p>\n<\/li>\n<li>\n<p>SanDisk: +5.50%.<\/p>\n<\/li>\n<li>\n<p>Datadog: +5.35%.<\/p>\n<\/li>\n<li>\n<p>SK Hynix ADR: +4.67%.<\/p>\n<\/li>\n<li>\n<p>Palantir: +4.36%.<\/p>\n<\/li>\n<li>\n<p>Marvell: +4.06%.<\/p>\n<\/li>\n<\/ul>\n<p>The buying extended beyond technology. Celsius gained 5.43%, while Moderna rose 4.07%.<\/p>\n<p>Dow weakness reflects a divided market<\/p>\n<p>The Dow finished modestly lower, with 19 components declining and 11 advancing.<\/p>\n<p>Amazon\u2019s strong gain, together with advances in IBM (+1.85%), Nvidia (+1.38%) and UnitedHealth (+1.36%), helped cushion the downside. However, several financial, healthcare and other Dow components moved lower:<\/p>\n<ul>\n<li>\n<p>JPMorgan: \u22121.79%.<\/p>\n<\/li>\n<li>\n<p>Amgen: \u22121.75%.<\/p>\n<\/li>\n<li>\n<p>3M: \u22121.66%.<\/p>\n<\/li>\n<li>\n<p>Merck: \u22121.58%.<\/p>\n<\/li>\n<li>\n<p>Verizon: \u22121.44%.<\/p>\n<\/li>\n<\/ul>\n<p>The result was a session where the technology-heavy indices delivered solid gains, but the average stock had a more difficult day.<\/p>\n<p>Market breadth leaves buyers with work to do<\/p>\n<p>The underlying participation figures were less encouraging than the headline index gains:<\/p>\n<ul>\n<li>\n<p>S&amp;P 500: 166 stocks advanced versus 318 that declined.<\/p>\n<\/li>\n<li>\n<p>Nasdaq: 1,432 advanced versus 1,768 that declined.<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: 60 advanced versus 40 that declined.<\/p>\n<\/li>\n<li>\n<p>NYSE: 611 advanced versus 1,181 that declined.<\/p>\n<\/li>\n<\/ul>\n<p>The Nasdaq 100 had better participation within its own group. Across the broader market, however, decliners held the advantage.<\/p>\n<p>That does not erase the gains. It does tell traders that Monday\u2019s rebound was concentrated. The next step for buyers is to hold those gains and bring more stocks along.<\/p>\n<p>The trading lesson: look beneath the index<\/p>\n<p>An index can rise even when more of its stocks fall. In a market-cap-weighted index such as the S&amp;P 500, larger companies carry more influence. Strong gains in a handful of heavyweights can outweigh smaller declines across many other stocks.<\/p>\n<p>For traders, the index provides the broader backdrop, but each stock still needs its own technical roadmap. A rising Nasdaq can help sentiment. Your stock still needs to get above\u2014and stay above\u2014its resistance levels.<\/p>\n<p>Monday gave buyers some breathing room. Whether they can build on it is the next test.<\/p>\n<p>Related analysis from today<\/p>\n<p><a href=\"https:\/\/investinglive.com\/stocks\/broader-tech-focused-indices-are-higher-how-are-some-of-the-magnificent-7-fairing-technically\/\" rel=\"follow\">Broader tech focused indices are higher. How are some of the Magnificent 7 fairing technically?<\/a><\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks closed mixed to start the new trading week, with the Nasdaq Composite and Nasdaq 100 gaining more than 1% while the Dow industrial average edged lower. After last week\u2019s selling,&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440392","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440392"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440392\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}