A Stock Market Smackdown Week: Elections, Jobs Data, Iran And Earnings
Investors are watching how election results, labor data and Apple’s report could shape Fed expectations and the AI trade.
- Investors remain cautious as the US midterm elections approach on Tuesday, November 3, with market volatility expected to persist alongside crucial labor market data and heavy earnings reports this week.
- Alphabet, Microsoft, Meta, and Amazon face growing scrutiny over soaring capital expenditures after third-quarter results revealed AI buildouts are weakening growth in their core, high-margin businesses.
- The sector lost nearly $1.4 trillion in market value last week, reflecting investor unease about the $315b debt-funded spending spree and sustainability of capital access.
- Apple reports earnings this evening with investors seeking clarity on product demand and margins, while defensive names like Cardinal Health report Thursday morning to navigate market uncertainty.
- Potential escalations involving the US, Israel, and Iran could exacerbate selling pressure and drive up crude oil prices, impacting broader equity markets, analysts warn.
151 Articles
151 Articles
Democratic sweep adds twist to markets' worries
LONDON — A sweeping Democratic win in U.S. midterm elections is the latest curveball to markets grappling with the repercussions of the Iran war and an artificial intelligence boom that bolstered growth and inflation, just as the world's biggest economy's…
Stocks Face Midterm Rally History as AI Spending and Rate Risks Mount
With midterm elections days away, investors are weighing a historical pattern of stock gains after midterms against concerns about artificial intelligence spending and expected interest rate increases, market strategists said. The Nasdaq was down about 8% from its record high set earlier in October, and the S&P 500 was down more than 3% from its most recent record high, also set this month, according to market data. The Commerce Department repor…
On Wall Street, investors once again access AI and chip shares: Nvidia, Microsoft, and Amazon are clearly growing, while Apple is under pressure. Investors remain cautious about the trendsetting US interim elections.
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