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Nasdaq 100 Gains 341 Points Led by Amazon as Tech Sector Recovers
The Nasdaq 100 closed 341.80 points higher as Amazon shares surged 4.98%, outweighing a slight 0.15% decline in Apple stock.
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Nasdaq futures climbed 1.1% on October 19 as semiconductor stocks recovered from their steepest weekly decline since April 2025. Intel shares led the gains with a 4.2% rise in premarket trading following an upgrade by JPMorgan. Meanwhile, oil prices fell after President Trump signed an executive order waiving Graham Act sanctions on Russian energy revenues.
The Nasdaq 100 closed 341.80 points higher as Amazon shares surged 4.98%, outweighing a slight 0.15% decline in Apple stock.
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