News · MarketWatch

After tech-stock rout, October jobs report could bring relief — or more pain

Following a sharp market selloff led by technology stocks, the October jobs report due Friday morning could give investors encouraging news. It could also add to their difficulties.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on MarketWatch ↗

Keywords

employmenttech stocksQQQSPY

Open a keyword to see other news on the same topic.

Related tickers and likely impact

QQQ

• Neutral

Invesco QQQ Trust

Relevance: medium

MarketUS stocks
SectorETF
Close on 11/04/2026691.95
Change that session+0.97%
QQQ price, forecasts and signals →

SPY

• Neutral

SPDR S&P 500 ETF

Relevance: medium

MarketUS stocks
SectorETF
Close on 11/04/2026766.73
Change that session+1.64%
SPY price, forecasts and signals →

DXY

• Neutral

Relevance: medium

MarketCurrencies
Close on 11/04/2026101.53
Change that session-0.33%
DXY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Stock market today: Dow, S&P 500, Nasdaq futures recover from bruising sell-off ahead of busy week

    U.S. stock futures rose in premarket trading on Monday as investors regained risk appetite ahead of a packed week of earnings, midterm elections and a key jobs report. Dow Jones futures gained 0.4%, S&P 500 futures added 0.4% and Nasdaq-100 futures jumped 0.8% after the index briefly entered a correction. Markets were set to rebound from an AI-fueled sell-off that saw the Nasdaq Composite lose 5.2% during October, with chipmakers and tech names rallying, though Apple shares dipped ahead of its results. Bitcoin edged up near $78,000 after the $6.3 billion Binance hack, while Brent crude traded near $109 a barrel amid reports the U.S. and Iran are seeking a diplomatic resolution. The week's labor data will culminate in the October jobs report on Friday.

    Yahoo Finance·▲ QQQ▲ SPYSPYQQQDow Jones
  • US Equity Investors to Monitor State of Big-Tech Trade, Health of Labor Market, Midterm Elections This WeekYahoo Finance·• SPYSPYmidterm electionsemployment
  • JPMorgan Trading Desk Sees Tech Rebounding After Midterms

    US stocks climbed Wednesday after reversing early losses as investors weighed the midterm election results, with the Nasdaq 100 up 1.8%. JPMorgan's trading desk said the tech selloff may create room for a near-term recovery and that concerns over Texas Governor-elect Gina Hinojosa's proposed immediate moratorium on new data center construction may be overstated, since new rules would not fully halt building and other states remain options. The bank's US Market Intelligence team still stopped short of backing the AI trade, citing signals investors are watching, including a washout in positioning, confirmation of hyperscaler capital spending plans, positive semiconductor and memory earnings, and better capital-markets activity. Barclays warned the election outcome will not clear the way for stocks to rally through the rest of the year. Investors are also watching whether Democrats will move to end the conflict with Iran, as the new Congress could withdraw funding or seek to recall troops from a conflict lasting more than 90 days without congressional approval.

    Yahoo Finance·▲ QQQ▲ SPY• JPMJPMorgantech stocksmidterm elections
  • More Pain Ahead for Tech & Broader Market ETFs?

    According to Bloomberg, the Nasdaq 100 fell 6.7% in October, its worst month since the March 2025 tariff selloff, while SPY dropped about 1.1%. Truist's Keith Lerner notes the S&P 500 tech sector has had six corrections of at least 10% since 2023, four of them between 14% and 27%. Lerner sees potential downside of roughly 2% to 8% for tech from current levels, citing past pullbacks, valuation and technical support. Some strategists see the selloff as a healthy correction rather than the start of a prolonged bear market, with tech stocks up about 230% since the bull market began in October 2022 versus 111% for the S&P 500.

    Yahoo Finance·▼ QQQ▼ SPYQQQSPYETF
  • Tech Earnings Drive Losses on Wall Street Pre-Bell; Asia Off, Europe Mixed

    Wall Street futures pointed lower before the Friday opening bell as traders reacted negatively to earnings that fell short of expectations. The rest of the article is cut off in the data.

    Yahoo Finance·▼ QQQ▼ SPYSPYQQQWall Street
  • Tech Sell-Off Visits Asian Stock MarketsYahoo Finance·▼ QQQ▼ SPYQQQSPYtech stocks

Related markets

US stocks →Currencies →

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%.

    CNBC·▼ NVDAdata centersmidterm electionsNVDA
  • 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.

    Yahoo Finance·▼ NVDANVDAsemiconductorsdata centers
  • 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.

    Yahoo Finance·• JPMbanksearningsJPMorgan
  • 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%.

    CNBC·▼ QQQ▼ SPYS&P 500NasdaqWall Street
  • 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.

    Yahoo Finance·• NVDAMarvellmergers and acquisitionssemiconductors
  • 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.

    Yahoo Finance·semiconductorsearnings

All news →

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.