---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000974050.md"
description: "US stocks rebounded pre-market Friday, with the S&P 500 +0.2% and Nasdaq +1.2% following Thursday’s steep selloff, led by tech gains ahead of today’s October jobs report (+65K exp). Investors bet a Democratic Congress sweep would hasten an end to the Iran war, relieving upward pressure on Brent crude (-1.4% to $97/bbl) and 10-year treasury yields (today 4.84%). Most chip stock valuations remain compelling (e.g. $NVIDIA(NVDA.US) 2027 P/E 20x vs 2027-31 rev growth of +20% and EPS growth of +25%).  AI chip demand is expected to exceed supply for a few years, supporting current valuations. S&P 2026 EPS estimates of $368 imply a 19.9x multiple and 5% earnings yield, slightly above Treasuries for the first time in months. I remain cautious on $Tesla(TSLA.US) given its stretched valuation (2026 P/E of 200x vs +45% long term EPS growth, PEG 4.4x), negative forward revisions, and the likely continued commoditization of autonomy."
datetime: "2026-11-06T10:45:11.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000974050.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000974050.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000974050.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# US stocks rebounded pre-market Friday, with the S&…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**