At 10 a.m. Eastern on Oct. 19, the Dow was down 44 points, or 0.1%, even as the S&P 500 rose 0.4% and the Nasdaq gained 0.9%. The Associated Press’s snapshot showed AI-linked shares recovering some of the losses they took the week before. It was a mixed market, not a closing tally.

The one-percentage-point gap between the Nasdaq and Dow captures the split at that moment. The Nasdaq is weighted toward technology companies, while the Dow’s small decline meant the rebound was not shared evenly across every major index. The S&P 500 also moved higher, though it recovered only part of its previous week’s drop.

What the AP report said about AI

AP reported that borrowing costs had weighed on AI shares the prior week. Much of the industry’s spending on chips and data centers has been financed with debt, and higher Treasury yields increase the cost of borrowing. On Oct. 19, Nvidia was up 0.6% at the AP checkpoint and was among the strongest forces lifting the S&P 500.

The report also pointed to company results due later in the week as a source of information about AI spending. Meta and chip-equipment supplier Lam Research were scheduled to report on Wednesday. Those reports could add detail about demand, but the morning gains did not answer whether the recent investment pace will pay off.

AP explicitly labeled the index moves as of 10 a.m. ET. Prices continued to move afterward, so the numbers describe one morning snapshot, not how the market finished. At that point, AI-linked shares were recovering inside an unsettled session while the Dow remained slightly lower.