24/7 SUPPORT
Download App
Search
Popular Search
Published: 19 October 2026,11:01
Daily Market Analysis New
*Nasdaq fell over 2% on Friday, ending the week down 4.5% as tech and AI stocks led the sell-off.
*Concerns over AI financing, semiconductor valuations, and rising oil prices reignited inflation fears and pressured equities.
*Results from Meta and Tesla, alongside Fed signals and geopolitical developments, will shape market direction and volatility in the coming week.
U.S. equity markets closed lower on Friday, with the Nasdaq Composite bearing the brunt of the selling and posting a decline of more than 2 percent. The S&P 500 fell approximately 1.1 percent, while the Dow Jones Industrial Average declined more modestly by around 0.3 to 0.5 percent. For the week, the Nasdaq recorded its steepest drop since June, losing roughly 4.5 percent and ending a multi-week winning streak, as technology and AI-linked shares remained under sustained pressure. The broader S&P 500 also finished lower on a weekly basis, though the Dow managed a modest gain, highlighting a continued rotation away from growth-oriented names.
The primary selling factors centred on renewed concerns surrounding the financing of the artificial intelligence infrastructure buildout. Debt-laden AI-related companies, including CoreWeave, faced sharp declines as investors questioned the ability of these firms to generate sufficient returns to service elevated borrowing costs amid higher interest rates. Semiconductor stocks extended a multi-session losing streak, reflecting broader unease over valuations, competitive pressures and capital intensity in the sector. Adding to the caution, crude oil prices rose more than 3 percent on heightened Middle East supply risks, raising fears of further inflationary pressures that could complicate the Federal Reserve’s policy path. Residual effects from the previous week’s hotter-than-expected inflation data also contributed to a risk-off tone heading into the weekend.
Looking ahead to the coming week, the equity market outlook remains cautious and event-driven. High-profile earnings reports from major technology and growth companies, including Meta Platforms and Tesla, will be closely watched for any signals on AI spending sustainability and broader demand trends. Ongoing scrutiny of AI-related debt levels, combined with elevated oil prices and geopolitical uncertainties, is likely to sustain volatility, particularly in the Nasdaq. Federal Reserve communications and any shifts in rate expectations ahead of the late-October policy meeting could also influence sentiment. While defensive and value sectors may continue to offer relative resilience, a sustained recovery in technology will require clearer evidence that the AI investment cycle can deliver profits without excessive leverage risks.
Nasdaq, H4:
The Nasdaq has extended its bearish run, with the index continuing to form a series of lower highs, reinforcing the prevailing downside momentum and signalling a deterioration in its technical structure. The recent break below its previous breakout level further strengthens the bearish outlook, suggesting that selling pressure remains dominant and that the index may be entering a deeper corrective phase.
The index is now approaching a key support level at 28,845.20, an area where buying interest has emerged on multiple occasions during previous trading sessions. A decisive break below this level would undermine the existing support structure, potentially accelerate selling pressure and expose the Nasdaq to a steeper decline as bearish momentum gathers pace.
Conversely, a sustained rebound above 28,845.20 could provide temporary relief and prompt a technical recovery. However, unless the index manages to reclaim the broken breakout level and establish a stronger upward structure, the near-term outlook remains tilted to the downside, with 28,845.20 emerging as a critical level to watch.
Resistance Levels:30,132.30, 30,830.00
Support Levels:28,845.20, 28,160.10
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
