Tech stocks experienced their worst weekly decline since April, dropping 4.2% amid concerns over high valuations, despite strong recent earnings and a healthy overall market backdrop. The selloff, driven by profit-taking and valuation concerns, is seen by analysts as a necessary correction that could support future stability.
U.S. stock futures remain steady as investors monitor AI valuations and a potential Supreme Court ruling against tariffs, amid rising October layoffs and strong earnings from AI-related companies like Nvidia and AMD, while some stocks like e.l.f. Beauty decline on weak guidance.
US stock futures rose, indicating a potential continuation of the seven-month rally driven by strong tech earnings and easing US-China trade tensions, despite mixed economic signals and geopolitical uncertainties. Commodities like gold and oil also saw movements influenced by policy changes and OPEC decisions, while markets await key central bank meetings and economic data amid ongoing US government shutdown concerns.
The rankings of the world's wealthiest individuals have shifted in October, primarily driven by fluctuations in tech company stocks. Elon Musk remains the richest, while Larry Ellison's wealth has increased due to Oracle's strong AI cloud services and stock buybacks. Mark Zuckerberg's net worth declined due to increased AI spending costs at Meta, whereas Jeff Bezos and other tech leaders like Larry Page and Sergey Brin saw their fortunes grow amid a tech stock rally. Nvidia's CEO Jensen Huang also gained significantly as Nvidia's AI chip shares soared, contributing to the overall rise in tech billionaires' wealth.
Apple's stock closed slightly down by 0.38% after a muted reaction to its Q4 2025 report, amid broader tech market volatility and investor uncertainty about iPhone demand, AI challenges, and regulation, with some relief seen in the uneventful trading session.
Meta Platforms' stock dropped 11% after its Q3 earnings report despite beating financial expectations, due to concerns over increased AI-related spending and higher capital expenditure guidance for 2025. The company reported strong revenue growth and robust user engagement, with significant investments in AI and virtual reality, though its Reality Labs division continues to incur substantial losses. Analysts remain optimistic about META's long-term growth, with many recommending a strong buy at its current valuation.
US stocks declined nearly 1% amid mixed earnings reports from major tech companies, concerns over Federal Reserve rate hikes, and ongoing government shutdown, while positive trade developments and strong Q3 earnings from some companies provided some support.
Apple has boosted its stock and reputation by experiencing strong iPhone sales and exceptional growth in its services revenue, effectively countering critics and reinforcing its market position.
Stock futures rose after major tech companies like Apple and Amazon reported strong quarterly earnings, boosting investor optimism despite a previous day of declines and ongoing trade negotiations between the US and China. Major companies posted record or near-record revenues, and the market is on track for a positive weekly and monthly performance.
Markets are showing hesitation after recent central bank decisions and geopolitical developments, with the Fed hinting at a possible December rate cut, while US-China trade talks and tech earnings reports influence investor sentiment. The European Central Bank is expected to hold rates steady, and global markets remain sensitive to policy signals and geopolitical tensions.
Stock futures declined after major tech companies reported earnings, highlighting concerns about AI spending and its impact on profits, while the Federal Reserve's interest rate decision added to market uncertainty amid geopolitical tensions and economic data.
US stocks wavered after the Fed's rate cut decision, with Powell indicating December cuts are uncertain. Nvidia hit a $5 trillion valuation amid AI boom, and major tech earnings are on the horizon, including Alphabet, Microsoft, and Apple.
Stock futures edged higher following strong earnings reports from companies like UPS, UnitedHealth, and PayPal, amid anticipation of key tech earnings, a Federal Reserve rate cut, and positive developments in US-China trade relations, contributing to record highs in major indices.
The stock market faces a critical week with a Federal Reserve interest rate decision and major tech earnings reports, amid ongoing government shutdown concerns. While a rate cut is expected, market focus is on the Fed's stance on quantitative tightening, which could surprise markets. Earnings from key tech giants will also influence market direction, with political and trade uncertainties adding to volatility. The outcome of these events could determine whether Wall Street's rally continues into year-end.
This week is crucial for the US stock market as major tech companies like Microsoft, Alphabet, Meta, Amazon, and Apple report earnings, with investors closely watching their AI development outlooks amid ongoing heavy investments that have fueled a three-year bull market. The results could determine whether the rally continues or pauses, with strong early earnings supporting the market, but concerns about returns on AI spending lingering.