{"id":73248,"date":"2026-10-19T10:38:11","date_gmt":"2026-10-19T14:38:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-rebounds-amid-tech-recovery-as-us-housing-sentiment-hits-14-year-low\/73248\/"},"modified":"2026-10-19T10:38:11","modified_gmt":"2026-10-19T14:38:11","slug":"nasdaq-100-rebounds-amid-tech-recovery-as-us-housing-sentiment-hits-14-year-low","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-100-rebounds-amid-tech-recovery-as-us-housing-sentiment-hits-14-year-low\/73248\/","title":{"rendered":"Nasdaq 100 Rebounds Amid Tech Recovery as US Housing Sentiment Hits 14-Year Low"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>) rose 1.5%<\/strong> in early trading, staging a recovery after a punishing 6.5% weekly slump driven by AI valuation concerns.<\/li>\n<li><strong>US Homebuilder Sentiment plunged to 29 in October<\/strong>, its lowest level since June 2012, as mortgage rates climbed above 7% and labor shortages intensified.<\/li>\n<li><strong>Anthropic is reportedly readying a new AI model<\/strong> capable of better discerning user intentions and reasoning, potentially intensifying the competition with OpenAI.<\/li>\n<li><strong>Emergency alerts were briefly activated in Riyadh and Al-Kharj<\/strong> following reports of explosions in the Saudi capital, though authorities later issued an &quot;all-clear&quot; signal.<\/li>\n<\/ul>\n<p>The <strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>)<\/strong> climbed as much as <strong>1.5%<\/strong> on Monday morning, as investors rotated back into technology and semiconductor shares following a sharp sell-off last week. The rebound was supported by a selective recovery in chipmakers, with Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) jumping nearly <strong>4%<\/strong> following a JPMorgan upgrade, while <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> (<a href=\"\/stock\/MU\">MU<\/a>) also posted <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market<\/a> gains. However, the index trimmed some of these gains to less than <strong>1%<\/strong> later in the session as broader macroeconomic concerns weighed on sentiment.<\/p>\n<p>The <strong>National Association of Home Builders (NAHB)<\/strong> reported that the <strong>Housing Market Index (HMI)<\/strong> fell three points to <strong>29<\/strong> in October, significantly missing economist expectations of 31. This marks the lowest reading for builder confidence in over 14 years, excluding the onset of the pandemic. Builders cited a &quot;squeeze&quot; from <strong>mortgage rates averaging 7.40%<\/strong>, elevated construction costs, and persistent labor shortages exacerbated by recent immigration enforcement activities. To combat sagging demand, <strong>43% of builders<\/strong> reported cutting prices in October, the highest share since 2020.<\/p>\n<p>In the artificial intelligence sector, <strong>Anthropic<\/strong> is preparing to launch a new model that reportedly excels at &quot;reading between the lines&quot; of user prompts. According to <em>The Information<\/em>, the unreleased model is designed to discern underlying goals even when they are not explicitly stated, such as identifying a class of software bugs when only one is reported. This development comes as Anthropic seeks to bolster its position against rivals like Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) and OpenAI in the race for more &quot;agentic&quot; and intuitive AI systems.<\/p>\n<p>Geopolitical tensions briefly rattled markets following reports from the <strong>Fars news agency<\/strong> of explosions in the Saudi Arabian capital, <strong>Riyadh<\/strong>. The <strong>Saudi Civil Defense<\/strong> issued emergency warnings via the National Early Warning Platform for both Riyadh and the <strong>Al-Kharj<\/strong> governorate, instructing residents to seek shelter. Within minutes, however, the agency announced that the &quot;danger has passed&quot; and issued an all-clear. The incident follows a week of intensified aerial threats in the region, which have previously targeted energy infrastructure and airports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nasdaq 100 (NDX) rose 1.5% in early trading, staging a recovery after a punishing 6.5% weekly slump driven 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