Nasdaq Futures Rebound as Black Monday Fears Cool After Friday's Selloff

Monday's early session left Nasdaq 100 futures almost 1% higher. The gain ran counter to social-media warnings of a Black Monday-style crash in the wake of Friday's chip-led selloff.

Friday, though, had been steeper. The S&P 500 gave back 1.1% and the Nasdaq Composite slid 2.1%, leaving both indices with their worst week since June.

Were the Black Monday Warnings Wide of the Mark?

Social media saw Black Monday crash calls spread quickly on Monday, according to the market research firm Kobeissi Letter. BeInCrypto reported that such fears had already been circulating on Sunday.

Calls for a "Black Monday" are spreading rapidly across social media right now.

If history is any guide, this means the S&P 500 should hit 8,000 soon.

Ignore the noise. Read our analysis below. https://t.co/CuUwtwb3Vt

— The Kobeissi Letter (@KobeissiLetter) October 18, 2026

The original Black Monday took place on October 19, 1987, a single session in which the Dow Jones Industrial Average plunged 22.6%.

December futures follow the Nasdaq 100, which is made up of the exchange's 100 biggest non-financial companies. Data put the contract at 29,643, up 0.86%. It opened at 29,227, roughly 0.6% below the prior close, and then headed higher.

The S&P 500 was set to add $350 billion in market value at the opening, Kobeissi said.

This aged well.

3 hours into the supposed "Black Monday" stock market crash and Nasdaq 100 futures are now up nearly +1%.

The S&P 500 is set to add +$350 billion in market cap at the open again.

As we stated 24 hours ago: Ignore the noise. https://t.co/BjuFfm8asq pic.twitter.com/0ZyPRifMuR

— The Kobeissi Letter (@KobeissiLetter) October 19, 2026

Will 10 Stocks Be Enough to Bridge a 2% Gap?

After Friday, the S&P 500 stood about 2% beneath its October 6 record close of 7,818.93. Kobeissi argues, however, that the historical record points toward 8,000, a level roughly 4.4% above Friday's finish of 7,659.44.

The analysis also suggests the rally's weight rests on a narrow set of names. Roughly 84% of S&P 500 constituents trade at least 10% beneath their highs, and 10 stocks alone accounted for about 70% of the index's advance since March 30.

Micron, which is among the 10, slid 5.6% on Friday as reported questions surfaced over the longevity of the AI buildout. Intel dropped 5.8%.

A rally resting on such a narrow base, though, remains vulnerable to the chip weakness that hung over Friday. Whether the futures advance carries into the cash session will indicate if buying is broadening past technology. Despite Friday's decline, the S&P 500 still holds a gain of 11.9% for 2026.