United States Baker Hughes US Oil Rig Count fell from previous 424 to 422

TradingKey - Tesla (TSLA) will release its third-quarter 2026 earnings report after the US market close on October 21 Eastern Time, followed by an earnings conference call at 17:30 ET on the same day. Markets are focusing on the commercialization progress of Robotaxi, FSD, and Optimus, as well as expanding capital expenditures.

TradingKey - U.S. stocks rebounded on Monday, October 19, following a sharp sell-off in AI infrastructure stocks last week, lifting the Nasdaq Composite and S&P 500.

TradingKey - On October 20, Japanese and South Korean stock markets both opened lower in morning trading, with South Korean stocks extending their decline. The South Korea Composite Stock Price Index (KOSPI) opened 0.60% lower at 5,733.57 points, later widening its drop to 2.20% at 5,641.21 points; Japan's Nikkei 225 Index (N225) opened 0.25% lower at 64,755.49 points, subsequently falling 0.77% to 64,415.21 points.

On October 19 ET, following last week's sell-off in AI infrastructure stocks, tech shares rebounded on Monday, driving the Nasdaq and the S&P 500 higher. Memory stocks led the gains, while chipmakers such as Intel and AMD also recovered. At the close, the Dow Jones Industrial Average fell 0.07% to 51,966.03; the Nasdaq Composite Index gained 1.11% to 26,430.89; and the S&P 500 Index rose 0.41% to 7,690.73.

TradingKey - In the coming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month increase since March 2022. Meanwhile, September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending continues to demonstrate resilience.