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Stocks try for back-to-back gains; Qnity gets iPhone business — CNBC Oct 20

CNBC's Investing Club Homestretch reported Oct 20 that stocks sought back-to-back gains and that Qnity won iPhone business from Apple, published as an afternoon update ahead of the last hour of trading.

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: Stocks try for back-to-back gains; Qnity gets iPhone business — CNBC Oct 20
Illustration (AI-generated) — not a photograph of the events described.

What happened

CNBC reported on Oct 20, 18:09 UTC that its Investing Club released the Homestretch, an actionable afternoon update just in time for the last hour of trading. The headline said stocks tried for back-to-back gains and that Qnity gets iPhone business from Apple. The piece was presented as a daily Investing Club update aimed at the late trading session.

Stocks market context

As of Oct 20, 19:30 UTC (Finnhub), SPY ETF was $768.16 and rose 0.22% from the prior close; QQQ ETF was $717.13 and fell 0.17% from the prior close; NVIDIA was $216.32 and fell 0.35% from the prior close; Apple was $339.35 and fell 1.05% from the prior close; Microsoft was $530.53 and fell 0.56% from the prior close; Amazon was $262.40 and was little changed from the prior close; Alphabet was $338.85 and fell 1.55% from the prior close; Meta Platforms was $688.85 and fell 2.35% from the prior close; Tesla was $375.00 and rose 1.89% from the prior close; JPMorgan Chase was $335.54 and rose 0.60% from the prior close.

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $768.16 +0.22% vs prior close Oct 20, 19:30 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $717.13 -0.17% vs prior close Oct 20, 19:30 UTC Finnhub
NVIDIA $216.32 -0.35% vs prior close Oct 20, 19:30 UTC Finnhub
Apple $339.35 -1.05% vs prior close Oct 20, 19:30 UTC Finnhub
Microsoft $530.53 -0.56% vs prior close Oct 20, 19:30 UTC Finnhub
Amazon $262.40 -0.02% vs prior close Oct 20, 19:30 UTC Finnhub
Alphabet $338.85 -1.55% vs prior close Oct 20, 19:30 UTC Finnhub
Meta Platforms $688.85 -2.35% vs prior close Oct 20, 19:30 UTC Finnhub
Tesla $375.00 +1.89% vs prior close Oct 20, 19:30 UTC Finnhub
JPMorgan Chase $335.54 +0.60% vs prior close Oct 20, 19:30 UTC Finnhub

CNBC also reported that Apple expands U.S. manufacturing footprint with new iPhone suppliers. CNBC reported separately that Apple adds a U.S. titanium supplier for the iPhone Duo. Yahoo published a report titled Apple Stock Downgraded As Analysts Turn Cautious On iPhone Maker.

What to watch

ELV Q3 2026 earnings is scheduled Wed Oct 21 (before the open); T Q3 2026 earnings is scheduled Wed Oct 21 (before the open); META Q3 2026 earnings and TSLA Q3 2026 earnings are scheduled Wed Oct 21 (after the close).

  • Wed Oct 21 (before the open) — ELV Q3 2026 earnings · EPS estimate 4.73
  • Wed Oct 21 (before the open) — T Q3 2026 earnings · EPS estimate 0.61
  • Wed Oct 21 (after the close) — META Q3 2026 earnings · EPS estimate 6.00
  • Wed Oct 21 (after the close) — TSLA Q3 2026 earnings · EPS estimate 0.44
  • Thu Oct 22 (before the open) — VLO Q3 2026 earnings · EPS estimate 21.17
  • Thu Oct 22 (before the open) — CMCSA Q3 2026 earnings · EPS estimate 1.01

Sources and data

  • CNBC (secondary source) — Stocks try for back-to-back gains — plus, Qnity gets iPhone business from Apple
  • Yahoo (secondary source) — Apple Stock Downgraded As Analysts Turn Cautious On iPhone Maker
  • business-standard.com (secondary source) — Apple faces UK regulatory push to open iPhone contactless payment systems
  • Finnhub (market data) — market data

Market data as of Oct 20, 19:30 UTC; report generated Oct 20, 19:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. CNBC (secondary, retrieved Oct 20, 2026, 07:42 PM UTC)
  2. Yahoo (secondary, retrieved Oct 20, 2026, 07:42 PM UTC)
  3. business-standard.com (secondary, retrieved Oct 20, 2026, 07:42 PM UTC)
  4. Finnhub (market-data, retrieved Oct 20, 2026, 07:42 PM UTC)

Market data as of Oct 20, 2026, 07:30 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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