Markets Midday: Wall Street Rebounds, Amazon Rallies, Home Builder Sentiment Tumbles 10-19-2026

0:02I'm Peter Schacknow, CNBC. Stocks are now higher across the board after the Dow joined the other major averages in positive territory by erasing an early 138-point loss. The Dow now up by 4.5 points at 52 ,007, the S &P adding 0.7 percent or 53 points, the Nasdaq composite 404 points higher or about 1.5 percent. Last week's sell-off, which saw the Nasdaq tumble 4.5 % and the S &P slide 2%, led some investors to speculate that the stock market was in for a rough period. But Katie Stockton, managing partner at Fairlead Strategies, says the technical indicators she watches are holding up. We don't have breakdowns with the downdraft that we just saw, so thankfully support levels are still intact.

0:45So it feels all right to us, albeit a little tenuous just given that loss of breath and momentum. We would say that there has been a seasonal correction, even though it doesn't really show in the major indices. And if you look at something like the percentage of stocks above their 50 days, I mean, that got down to 21 percent, which is what we saw at the March low. Among stocks on the move today, Amazon is up almost five and a half percent following a recommendation by Morgan Stanley. The firm says growth potential for the Amazon Web Services business is underappreciated by investors. Homebuilders sentiment fell three points this month to a reading of 29.

1:20That is a 14 and a half year low. The monthly reading from the National Association of Homebuilders points to higher mortgage rates, increased materials costs, and labor shortages. The New York Stock Exchange has begun trading options contracts during extended hours starting today. Investors will be able to trade options on certain heavily traded stocks and ETFs. This follows a similar move by the CBOE. Peter Schachnow, CNBC. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Schwab Market Update, an original podcast from Charles Schwab, provides an information-packed daily market preview on stock updates, U.S.

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