See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.34 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.36 |
| Change that session | -0.38% |
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Tech Stocks Power S&P 500 and NASDAQ Higher
Global equities closed mixed on Monday, as a strong tech-driven rally on Wall Street contrasted with broad declines in Europe and uneven moves in Asia-Pacific. The S&P 500 rose 31.29 points, or 0.41%, to 7,690.73, and the Nasdaq Composite surged 290.85 points, or 1.11%, to 26,430.89, while the Dow Jones Industrial Average slipped 36.38 points, or 0.07%, to 51,966.03. In Europe, the FTSE 100 fell 1.08% to 10,764.69, the DAX dropped 1.18% to 25,319.77, and the CAC 40 lost 1.11% to 7,868.05. In Asia, the Hang Seng gained 0.52% to 24,186.83, and the Kospi jumped 1.76% to 5,768.01.
- Tech Stocks Power S & P 500 and NASDAQ Higher
Global equities moved in different directions on Monday, as a strong technology-led rally on Wall Street contrasted with broad declines across Europe and mixed performance in Asia-Pacific. The S&P 500 rose 31.29 points (0.41%) to 7,690.73, while the NASDAQ Composite jumped 290.85 points (1.11%) to 26,430.89. By contrast, the Dow Jones Industrial Average slipped 36.38 points (0.07%) to 51,966.03. In Europe, the FTSE 100 fell 1.08%, the DAX dropped 1.18% and the CAC 40 lost 1.11%. In Asia, the Hang Seng gained 0.52% and the S&P/ASX 200 rose 0.44%, while the Nikkei 225 fell 0.62% and the IDX Composite plunged 3.64%.
- Stocktwits Passport Portfolio: SPY, DIA Edge Higher In October, Beating QQQ And Asian Stocks Amid Tech Volatility
Global stock markets are set for a mixed October close, with the Dow Jones and S&P 500 poised to finish higher while the Nasdaq and Asian markets lag amid tech volatility. DIA is up nearly 3% for the month and SPY is set to close about 1% higher, whereas QQQ is poised to end lower as investors question the sustainability of returns on AI infrastructure spending. South Korea's EWY is down more than 11% as of Oct. 29 as a chip-stock selloff weighs, while Samsung Electronics and SK Hynix have fallen about 17% and 20%, respectively, over the past month. The Federal Reserve held rates at 3.75%-4.00%, the Bank of Korea paused hikes after raising rates in July and August, and the Bank of Japan held its benchmark rate at 1.25% while raising its inflation forecast. Amazon reported capital expenditure of $77.3 billion in its latest quarter, and Microsoft lowered its full-year spending forecast to $170 billion from $175 billion.
- Asian Markets Track Wall Street Lower
Asian stock markets were mostly lower on Monday, following broadly negative cues from Wall Street on Friday, as oil prices and global inflation worries rose amid uncertainty over the Middle East conflict. Traders remained cautious ahead of this week's interest rate decisions from the central banks of the US, Japan and the Eurozone. The three central banks are widely expected to keep rates unchanged before potentially raising them later this year.
- Shares are mixed in Asia after a decline on Wall Street, and oil prices fall more than 1%
Shares were mixed in Asia on Monday after a decline on Wall Street, while oil prices fell after Brent rose last week to its highest level in more than four years. Japan's Nikkei 225 slipped 0.8% to 62,189.65, and South Korea's Kospi dropped 1.5% to 5,469.47, while Hong Kong's Hang Seng rose 0.5% to 23,206.82 and the Shanghai Composite gained 0.2% to 3,697.52. Brent fell 1.4% to $110.12 a barrel and U.S. benchmark crude dropped 1.8% to $101.37, after Brent settled at $116.72 on Friday. Investors are awaiting earnings from Alphabet, Microsoft and Amazon and a Bank of Japan rate decision this week, as the S&P 500 logged its second straight weekly loss.
- Asian shares retreat after strong profits lead a rally on Wall Street
Related markets
Latest news
- Top Democrats call to rein in AI buildout after midterms sweep: 'National data center moratorium now'
After Democrats' midterm wins on Tuesday, Sen. Bernie Sanders called for a national data center moratorium, pointing to local referendums where voters approved restrictions on data centers. A CNBC Voter Poll found 56% of voters said AI and data centers were a crucial or major factor in their vote, and 65% of those voters backed a Democratic congressional candidate. Gina Hinojosa, who ousted Gov. Greg Abbott in Texas, pledged a moratorium on all data center approvals until the legislature passes protective laws. Chip stocks led the sell-off, with the iShares Semiconductor ETF (SOXX) tumbling nearly 9% on Tuesday, Nvidia down 8% and Advanced Micro Devices down more than 14%.
- Navitas Sinks 15% as AI Chip Stocks Slide After Midterms
Navitas Semiconductor (NVTS) fell 15% today, along with STMicroelectronics, onsemi and Microchip Technology, as AI chip stocks extended losses on concern that Democrats' midterm wins could slow the AI buildout. The decline came without company-specific news, a day after Navitas rose on a third-quarter beat, with revenue of $14.0 million, up 33% from the second quarter. Breakeven now requires more than $60 million in quarterly revenue, against $16 million guided for the fourth quarter, while fourth-quarter operating expenses are $25.0 million. Navitas expects AI infrastructure revenue to roughly triple in 2027, but at about 28x forward sales after the drop, the stock sits near its three-year average of 31x. NVIDIA's November 17 report is the next read on the 800-volt timing that Navitas's growth depends on.
- Bank Earnings Have Entered the Upside-Down
In this Motley Fool podcast recorded October 13, 2026, the hosts discuss the first major bank earnings reports, where JPMorgan posted EPS of 557 against expectations of 590, yet its stock rose while peers that beat estimates fell. Lou Whiteman attributes part of the miss to securities losses and slower investment banking, and says banks with heavy trading models did well while more diversified or rate-sensitive lenders showed signs of strain. Matt Frankel highlights card spending at major banks up 10% to 13% (6% to 9% after inflation), lower net charge-off rates and strong consumer credit quality, while business loans drove most reserve builds. The episode also covers the difficulty of automating warehouses and investment opportunities in robotics and automation.
- How Wall Street's postelection rally got obliterated — and what's next
The S&P 500 and Nasdaq posted their worst days since April 2025 on Thursday, as investors pulled out of tech stocks on fears that Democrats' midterm wins would slow AI data center construction. The Nasdaq fell about 4.5% into a correction, while the S&P 500 dropped about 4%, and all 11 sectors finished in the red. Neocloud providers were hit hardest: CoreWeave shares fell almost 9% and have lost more than half their value since the Nasdaq's October 6 record close, as Bloomberg reported Microsoft is tightening oversight of neocloud data center projects. Portfolio director Jeff Marks said hyperscalers, which already have large AI infrastructure, remain in a much better financial position than neoclouds to secure funding. Attention now turns to Friday's October jobs report, where economists expect 65,000 new jobs and a 4.2% unemployment rate, as odds of a December Fed rate hike fell from nearly 83% to 66% and the 10-year Treasury yield dropped back under 4.9%.
- Why Marvell Stock Is Falling Today
Marvell Technology (MRVL) shares fell 13.4% as of 2:42 p.m. ET on Thursday, November 5, as investors sold AI infrastructure stocks after Democrats flipped both houses of Congress and won key governorships. The article notes that new governors in Texas, Ohio and Georgia, major AI data center states, have promised construction moratoriums, and Marvell's networking chips move data inside those data centers. The stock is also under pressure from its all-stock deal, announced Monday, to buy AI photonics maker Lumentum for $115 billion, which could significantly dilute Marvell shareholders. Because the shares offered to Lumentum lose value as Marvell's stock falls, the article warns the deal could fall apart or be renegotiated with even more dilution.
- Himax Blames 'Abrupt nd Significant Correction' in Auto Chip Demand as Stock Crashes Nearly 30%. Is Now the Time to Buy?
Himax (HIMX) shares fell nearly 28% to $7.55 on Thursday after the chip designer forecast a steep revenue drop for the fourth quarter. President and CEO Jordan Wu blamed 'an abrupt and significant correction' in automotive display driver chip orders, saying customers that bought aggressively in earlier quarters sharply cut demand from early October. Third-quarter revenue rose 8.5% to $246.8 million and profit reached $18.6 million, above guidance. The fourth-quarter profit outlook of 4.5 to 6.5 cents per diluted ADS excludes an expected after-tax gain of about $19 to $20 million from selling an equity-method stake. Management still expects automotive chip sales to grow about 10% for the full year after a 16% rise in the first nine months, while foundries have announced significant price increases for 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.