Tech Rebound, GM Beats Expectations, SpaceX and Netflix Up Next
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: Technology stocks led a rebound Monday after last week’s sharp drop in the Nasdaq. The Nasdaq rose 1.1% and the S&P 500 gained 0.4%, while the Dow slipped 0.1%.
Brent crude traded near $110 a barrel early Tuesday as traders weighed Houthi claims of attacks on Saudi facilities and risks to Middle East oil supplies.
The benchmark 10-year Treasury yield ended Monday around 5.14%, up from about 5.09% Friday.
Today’s Focus: AI-bubble concerns eased Monday after last week’s selloff and investors are watching to see if that trend continues Tuesday. General Motors reported third-quarter revenue of $50 billion, beating analysts’ expectations. Its board also approved a new $20 billion stock buyback authorization.
SpaceX, which went public in June, and Netflix report third-quarter results after the close Tuesday. Meta, Tesla and IBM follow Wednesday after the close, offering more insight into corporate profits and spending plans.
ON THE SCHEDULE FOR TUESDAY, OCTOBER 20, 2026
-8:30 a.m. ET – September housing starts and building permits
-10 a.m. ET – September pending home sales
-Earnings – General Motors, GE Aerospace, Netflix and United Airlines
-Wednesday, 10:30 a.m. ET – EIA weekly petroleum report
-Wednesday, 1 p.m. ET – Treasury 20-year bond auction
-Wednesday – Meta, Tesla and IBM earnings
-Thursday, 8:30 a.m. ET – Weekly initial jobless claims
-Thursday, 10 a.m. ET – Conference Board Leading Economic Index
-Friday, 9:45 a.m. ET – October S&P Global manufacturing and services PMIs
-Friday, 10 a.m. ET – Final October University of Michigan consumer sentiment
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