Space Stocks Jump With AST SpaceMobile up 10%, Planet Labs up 8%

On October 20, Eastern Time, a pullback in oil prices from earlier gains and a decline in U.S. Treasury yields eased the impact of recent pressure on AI-related stocks on market sentiment. Investors continued to monitor the situation in the Middle East, with conflicting reports regarding the progress of U.S.-Iran negotiations taking center stage during intraday trading. At the close, the Dow Jones Industrial Average rose 1.02% to 52,495.88 points; the Nasdaq Composite Index fell 0.02% to 26,424.82 points; and the S&P 500 Index rose 0.28% to 7,712.57 points.

TradingKey - As of pre-market Eastern Time on October 20, US memory chip stocks weakened again in pre-market trading, experiencing a noticeable pullback following Monday's strong rebound. Micron Technology (MU), SanDisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) all declined in pre-market trading, indicating that the recent correction in the memory sector may not be over yet.

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.

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.