The article says tech stocks led another stock market sell-off even as Dow Jones futures rise, and the author views this as a time to be defensive. Upcoming items to watch include Apple, Palantir, jobs data and the midterm elections.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Dow Jonesmidterm electionstech stocksemploymentApple
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Dow Jones Futures Rise After Market Sell-Off; How Midterm Elections May Swing Stocks
Tech stocks led another market sell-off, and the article says it is a time to be defensive. Apple, Palantir, jobs and the midterm elections loom ahead.
- Here are 3 big things we're watching in the stock market in the week ahead
The article outlines three key points to watch in the coming week: Tuesday's U.S. midterm elections, which will determine which party controls the House and Senate for the next two years; the jobs data; and a busy stretch of third-quarter earnings. Apple reports after the close on Monday, with expected revenue of $113.4 billion and EPS of $1.99, and investors are focused on gross margins as memory costs rise. Eaton (revenue of $8.5 billion, EPS of $3.54) is being watched for manufacturing capacity and margin expansion, while DuPont (revenue of $1.84 billion, EPS of $1.87) is in focus for organic sales growth and the effects of the war in Iran and oil and gas inflation on EBITDA margins. Qnity Electronics reports Wednesday, after its shares fell almost 20% since its early August earnings report.
- Cramer's week ahead: Expect more volatility as tech earnings, midterms loom
CNBC's Jim Cramer warned volatility may not be over after a turbulent week in which tech shares fell on renewed concerns about the AI trade, and said it was too early to call a bottom in the Nasdaq. The Nasdaq Composite rose 2.3% through Wednesday before dropping 2.9% Friday to end the week down 2%, while the S&P 500 finished down 0.6% and the Dow Jones Industrial Average down 0.9%. The coming week brings the midterm elections, earnings from Palantir, Apple, AMD, Pfizer, Amgen, CVS, McDonald's and Kimberly-Clark, and the monthly jobs report on Friday. Cramer said Apple's valuation of almost 40 times earnings leaves little room for disappointment, but he would still own the stock.
- Qualcomm Pledges Global Layoffs as Handset Revenue Falls 20%: “Stronger Performance Culture”
Qualcomm (QCOM) will notify employees of global, performance-based job cuts starting in November, according to a memo from CEO Cristiano Amon that did not give a headcount. The company had about 52,000 employees at the end of fiscal 2025. In fiscal Q3, handset revenue fell 20% to $5.09 billion while automotive revenue rose 61% to $1.59 billion. Fiscal Q4 EPS guidance of $2.05 to $2.25 trails the $2.36 consensus, and Apple revenue is declining faster than planned. Management targets $40 billion in non-handset revenue by fiscal 2029, and Qualcomm reports fiscal Q4 results on November 4.
- Dow Jones Futures Loom After Stock Market Sell-Off; Apple, Palantir, Midterm Elections In Focus
Technology stocks led another sell-off in the stock market. The article says it is a time to be defensive, with Apple, Palantir, jobs data and midterm elections on the horizon.
- Dow Jones Futures: Stock Market Sells Off As Apple, Palantir, Midterm Elections Loom; What To Do
Tech stocks led another stock market sell-off, and the article says this is a time to be defensive. Upcoming factors it highlights include Apple, Palantir, jobs data and the midterm elections.
Related markets
Latest news
- VN-Index enters a month with a 70% chance of rising; MBS highlights stock groups that may 'attract money flow'
After two consecutive monthly declines, MBS Securities says the VN-Index enters November with positive seasonal signals: over the past 10 years, November has had a 70% probability of gains and an average return of 3.8%. However, the market is diverging: the index remains about 51.78 points (3.1%) above its October low, yet excluding Vingroup-related stocks, the rest of the market has broken below the October low, falling by an average of about 11.6 points. Domestic cash remains active in construction and building materials, textiles, power generation and distribution, and residential real estate, while technology, logistics, aquaculture and food face heavy selling. MBS outlines two scenarios: if the VN-Index holds 1,720 points, investors may prioritize deploying capital into policy beneficiaries; if it falls back to 1,680–1,700 points, they may gradually build positions in deeply discounted stocks.
- From 1 November, all motorcycle and car users in Vietnam receive good news; compared with Laos, Cambodia and Thailand, there is a major surprise
Deputy Prime Minister Nguyen Van Thang signed Resolution No. 45/2026/NQ-CP, setting the special consumption tax on all gasoline types at 0% from 1 November 2026 to 31 March 2027. Under the Special Consumption Tax Law effective 1 July, rates were 10% for regular gasoline, 8% for E5 and 7% for E10. The same day, the Ministry of Industry and Trade set maximum prices of 24,223 VND/liter for E5 RON 92 (down 1,804 VND/liter) and 24,159 VND/liter for E10 RON 95 (down 1,575 VND/liter). The article notes that Vietnam's gasoline prices remain lower than those in Thailand (32,550 VND/liter), Cambodia (32,010 VND/liter), Laos (48,276 VND/liter) and China (36,125 VND/liter). The government also aims to keep inflation at 4.5%, and EVN has been directed to cut retail electricity prices by 2% until the end of March 2027.
- Sam Altman makes surprise South Korea visit as OpenAI builds on chip partnerships
OpenAI CEO Sam Altman made an unannounced weekend visit to South Korea, meeting Samsung executives and reportedly holding talks with SK Group Chairman Chey Tae-won. Samsung said Altman met about 50 executives from its affiliates in electronics, finance and biotechnology at Yongin, and the discussions covered AI developments, business opportunities and AI's impact on corporate decision-making. Local media reported the SK talks may have touched on AI chip and data centre cooperation, including planned high-bandwidth memory supplies, though no details were released and SK Hynix could not confirm the meeting. The visit builds on OpenAI's October 2025 partnerships with Samsung and SK Group under its Stargate initiative, which aims to expand AI infrastructure globally, including advanced memory chip supply and AI data centre development in South Korea.
- SACOMBANK unexpectedly announces new acting CEO
SACOMBANK has appointed Nguyen Thi Kieu Anh, a Deputy CEO, as Acting CEO effective 2 November 2026, aiming to speed up completion of the restructuring plan for Sài Gòn Tài Lộc Commercial Joint Stock Bank (ticker STB). Born in 1983, she has more than 20 years of experience in finance and banking, including previous roles at VPBank and LPBank and several management positions. At the same time, Loic Faussier stepped down as CEO and will remain as Deputy CEO in charge of risk management. The bank said the changes maintain continuity in management, optimise resources and comply with safety ratios, while it prioritises corporate customers and green credit and aims to become Vietnam's No.1 bank in digital banking.
- Forget Anthropic, This Is the Best AI Investment to Buy and Hold
The highly anticipated Anthropic IPO could be among the largest ever, with an expected valuation of $1.5 billion to $2 billion. Its registration documents filed on Oct. 26 showed strong first-half revenue growth but also a $693 million operating loss, an $80 billion net loss, and $518 billion in noncancellable debt over 10 years to build data centres, with two clients making up 20% of revenue. The author suggests investors may want to wait and see before rushing into the IPO, and names the Invesco AI and Next Gen Software ETF (IGPT) as a broader way to access AI stocks, up 53% year-to-date and 57% over 12 months. The fund tracks the STOXX World AC NexGen Software Development Index, with about 50% in semiconductors, 84% in US stocks, a 0.57% expense ratio, and AMD, Nvidia and Meta as its top three holdings. The author argues its lower concentration and international exposure make it suitable as a long-term holding.
- More than 2.5 million tax codes still cannot be closed: proposal to cut late-filing penalties by up to 70%
As of Oct. 23, more than 2.5 million taxpayers had ceased operating or were no longer at their registered address but had not completed the procedure to close their tax codes, including about 643,000 suspended cases and nearly 1.88 million cases of no longer operating at the registered address. Since the start of the year, tax authorities have closed 777,835 tax codes, yet new cases are still outpacing processing. Many businesses have overdue tax filings, and fixing them can significantly increase total penalties when closing tax codes. To address this, the Ministry of Finance proposed penalties of 30%, 50% or 70% of the standard level depending on when the missing filings are completed, with a 70% reduction if completed by June 30, 2027. The policy does not waive tax obligations or legal liability and does not apply to tax evasion, tax fraud or use of illegal invoices.
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.