A trader works at the New York Stock Exchange on October 20, 2026.
NYSE
Dow Jones Industrial Average Artificial intelligence-related stocks came under pressure recently after several promising earnings reports and a decline in oil prices on Tuesday.
The blue-chip index closed 529.85 points, or 1.02%, higher at 52,495.88, while S&P 500 Added 0.28% and closed at 7,712.57. nasdaq composite Fell 0.02% to 26,424.82.
Shares of Industrial and Safety Products Manufacturers 3M The Dow was up more than 5% after better-than-expected earnings results and a raise in full-year guidance. Aerospace and defense company shares Northrop Grumman The stock rose more than 4% after the earnings beat.
Meanwhile, oil prices retreated from earlier gains, which helped investor sentiment. We West Texas Intermediate Crude Futures Whereas, fell 1.8% to close at $101.79 brent crude futures It fell 0.7% to $108.79 a barrel. The uptick in oil, which sent Treasury yields falling, came as traders continued to monitor developments in the Middle East.
The market has been under pressure recently due to concerns about the sustainability of the AI business amid debt and demand concerns. In fact, sentiment in the tech sector took a hit earlier in the day after Korean AI firm Alice plunged more than 30% overnight following its public market debut. Asia-Pacific markets fell on Tuesday after US stocks rose overnight, leading South Korean markets to decline.
However, some AI-related stocks made a slight comeback as the session progressed. Western Digital While there was an increase of more than 3% Seagate Technology Was up more than 2%. corewave And Marvel Technology Each advanced by more than 1%.
The S&P 500 finished in positive territory on Monday, while the Nasdaq Composite advanced more than 1%. It’s a rebound from last week’s debacle, when concerns about companies borrowing too much money to fund their AI build-outs intensified.
“For most of this year, the market has been willing to see higher rates because the growth story, particularly around AI, was strong enough to justify it. Last week, we saw that relationship begin to be tested,” said Jake Behan, head of capital markets at Direxion.
He added, “Reports of hyperscalers over the next few weeks are preparing for the next major stress test for AI trading.” “Guidance around ROI, data center spending and 2027 capex will arguably be more important than the headline earnings figures.”