StocksMedium•26 October 2026•
1 min read
Nasdaq 100 Rallies on Chip Rebound and Tesla Upgrade
Key Facts
1The Nasdaq 100 gained 1.2% driven by a rebound in chipmakers and a jump in Tesla shares.
2Tesla shares jumped following an investment rating upgrade.
3The Brazil ETF (EWZ) sank 21.7% following Lula's election victory.
The Nasdaq 100 gained 1.2% driven by a rebound in semiconductor shares and a surge in Tesla stock. Benzinga reported that Tesla shares jumped following an investment rating upgrade, providing upward momentum for mega-cap technology equities.
TSLA closed at $372.22 on October 23, 2026, having reached a day high of $377.32 and a low of $365.27 during that session. Separately, the Brazil ETF (EWZ) sank 21.7% following Lula's election victory, according to Benzinga.
Market participants are looking ahead to the Fed Interest Rate Decision on October 28, 2026, with forecasts centered at 4%, an event that directly impacts valuations across the technology and growth sectors.