StockMarket.News

The S&P 500 just posted its biggest weekly decline since April 2025, even after today's bounce

S&P -2.7% on the week to 7,377. Nasdaq -3.4% for a 4th straight weekly drop. The chip index -12.2%

Friday itself was a partial clawback. Nasdaq +1.1% to 24,579, S&P +0.3%, Dow -0.5% to 51,286

Chips led the rebound. $AMD(AMD.US) +11%, $Intel(INTC.US) +7.7%, $Taiwan Semiconductor(TSM.US) +6.3%, $Micron Tech(MU.US) +5.1%, $Arm(ARM.US) +4.7%, $NVIDIA(NVDA.US) +2.8%, SOX +4.2%. $IREN(IREN.US) jumped 20% on earnings

The VIX fell 9% to 25.64 after Thursday's spike to 28.18. The 10-year yield held near 4.86% after October jobs +165K put a December hike back near 80% odds

WTI settled at $90.83, up 0.3% on the day but still about -13% for the week. Bitcoin flat near $75.8K

One green session after the worst AI wipeout since Covid does not unwind a week that just repriced what data centers are allowed to cost, and what the crowded winners of 2026 are still worth

Source: StockMarket.News

Taiwan just activated its NT$500 billion market stabilization fund after the Taiex's fourth-worst point drop on record

The index closed down 1,873 points, or 4.5%, at 39,702, and now sits 20.6% below its October high in bear-market territory

It is the 10th deployment of the fund since 2000, with officials cleared to buy shares as needed

Regulators also crushed short selling. Intraday borrow limits fall from 30% of average volume to 3%, and short-sale margin jumps from 90% to 130%, both starting Monday

Foreigners dumped a record NT$994 billion of Taiwan stocks in October, then sold another NT$524 billion so far in November

This follows South Korea's circuit-breaker halt yesterday. Asia's AI supply chain is getting the full policy toolkit as $Taiwan Semiconductor(TSM.US) and the chip complex reprice U.S. data-center risk

Source: StockMarket.News

Chip stocks are clawing back part of Thursday's historic wipeout

$IREN(IREN.US) +20%

$AMD(AMD.US) +10%

$Intel(INTC.US) +7.5%

$Micron Tech(MU.US) and $Taiwan Semiconductor(TSM.US) +6%

$Tesla(TSLA.US) +4.9%

$Sandisk(SNDK.US) +4.4%

$NVIDIA(NVDA.US) +3.9%

The Philadelphia Semiconductor Index is up about 4.3% after plunging 12.2% yesterday, its worst day since March 2020

Nasdaq is higher by about 1.6%, recovering a slice of Thursday's 5.5% correction slide that erased more than $2 trillion

The bounce is real, but it still leaves semis deep in the hole after a five-day drop of about 22%, the worst stretch since 2001. Crowded AI longs are buying the dip with one eye on December Fed hike odds near 80% after this morning's hot jobs print

Source: StockMarket.News

US employers added 165,000 jobs in October, more than double what Wall Street expected

The unemployment rate fell to 4.1% from 4.2%, beating the 4.2% forecast

Average hourly earnings rose 0.4% on the month and 3.1% over the past year, both hotter than expected

August and September were revised up by a combined 84,000 jobs

Professional and business services led with +70,000, followed by health care (+42,000), transportation and warehousing (+25,000), and manufacturing (+19,000)

December Fed hike odds jumped to about 80% after the print, up from the mid-70s going into the report

The labor market just handed the Fed more room to focus on inflation, even after this week's AI crash wiped trillions off $QQQ

Source: StockMarket.News

South Korea's KOSPI just plunged 8.5% and trading was halted

A first-level circuit breaker froze the market for 20 minutes from just after 9 a.m. Seoul time after the index fell 459 points to 4,925

New orders stopped. Only cancellations went through

Wall Street's AI rout overnight lit the fuse. Nasdaq -5.5% and S&P -4.4% as blue wave fears hit data center buildouts

Samsung Electronics -10% and SK Hynix -11.7% led the drop. Memory and chips are the core of the KOSPI

US traders see it in $EWY. When Asia's open needs a circuit breaker to catch a Wall Street session, the AI selloff is no longer a one-market story

Source: StockMarket.News

The Nasdaq 100 just crashed 6.4%, its worst day since March 2020

Nasdaq -5.5% to 24,315 and now in correction territory

S&P 500 -4.4% to 7,354, worst day since the April 2025 tariff crash

Dow -1,833 points (-3.4%) to 51,523

The chip index collapsed 12.2% as $Sandisk(SNDK.US) -22%, $Micron Tech(MU.US) -17.5%, $AMD(AMD.US) -17%, $Arm(ARM.US) -13%, $Taiwan Semiconductor(TSM.US) -11%, $Broadcom(AVGO.US) -10% and $NVIDIA(NVDA.US) -9%

$Tesla(TSLA.US) -10.8% and $Palantir Tech(PLTR.US) -9.7%

$Qualcomm(QCOM.US) and $Arm(ARM.US) earnings lit the fuse overnight, then blue wave fears of data center limits finished the job

The VIX jumped 70% to 28.18, and Bitcoin fell 5.7% to $75.8K

WTI crude rose $2.98 to $91.10 while gold edged up to $4,100

Wednesday's entire post-election rally was gone in one session. When the market starts asking what AI actually earns instead of what it costs to build, the most crowded winners of 2026 become the first thing everyone sells

Source: StockMarket.News

More than $2 trillion has been wiped from the S&P 500 as the AI selloff deepens

$Sandisk(SNDK.US) -20%

$AMD(AMD.US) -15%

$Micron Tech(MU.US) -15%

$Tesla(TSLA.US) -12%

$NVIDIA(NVDA.US) -9%

$SMH and the chip index are both down about 10%, and the Nasdaq 100 $QQQ is off 5.9%

Ten of the largest tech names had already erased $1.7 trillion by late morning, with $NVIDIA(NVDA.US) alone losing more than $400 billion

Wednesday's post-election rally is gone. Traders are pricing a slower data center buildout under a Democratic Congress, and the most crowded trade in the market is still looking for an exit

Source: StockMarket.News

BREAKING. The Nasdaq 100 $QQQ is down 4.8% and on pace for its worst day since April 2025

The chip index is down 9% after trading down more than 11% this morning

$Sandisk(SNDK.US) -15.9%

$AMD(AMD.US) -13.7%

$Micron Tech(MU.US) -11.8%

$Tesla(TSLA.US) -10.0%

$NVIDIA(NVDA.US) -6.8%

The S&P 500 $SPY is down 3.1%, the Dow is down 2.4% and the $VIX is up 40%

This is a full reversal of Wednesday's post-election rally, with traders dumping the AI and data center trade on fears a Democratic Congress slows the buildout

Nothing about AI demand changed overnight, the policy risk did. When the most crowded trade in the market gets a new reason to sell, the exit gets very narrow, very fast

Source: StockMarket.News

Anthropic has now signed up for nearly $900 billion in AI compute and infrastructure

The exact figure is $895.4 billion in purchase commitments and leases, more than 50x its Q3 revenue of $17.0 billion

About $447.5 billion is expected before the end of 2030, with nearly all of the rest landing between 2031 and 2045

$69.8 billion comes due in just the next 12 months

The numbers come from the updated S-1 Anthropic filed with the SEC as the $Anthropic(ANT.US) IPO heads toward a Nasdaq listing

And it is resurfacing on one of the worst days for tech since April 2025, with $NVIDIA(NVDA.US), $AMD(AMD.US) and the chip names hit hardest on fears the AI buildout slows

When one AI lab has committed to almost $1 trillion of compute, the whole AI trade from $NVIDIA(NVDA.US) to $Amazon(AMZN.US) to $Alphabet(GOOGL.US) is leaning on that revenue showing up on schedule

Source: StockMarket.News

BREAKING 🇬🇧 The Bank of England just raised interest rates for the first time since August 2023

Bank Rate goes from 3.75% to 4.00%

The vote was 8 to 1, and the one dissenter, Catherine Mann, wanted a bigger half point hike to 4.25%

UK inflation is already at 3.5% and the BoE now expects it to hit about 5% by mid 2027 as the Iran war keeps energy prices high

Governor Andrew Bailey says this "shouldn't be seen as the first in an inevitably long sequence of hikes," but unless the Middle East conflict is resolved it doesn't look like the last one either

This lands the same morning US jobless claims fell to 189K, the fewest since mid July

A major central bank going from cutting to hiking in under a year is the energy shock showing up in policy, and it makes it a lot harder for anyone to argue rate cuts are coming back soon $EWU $TLT $SPY

Source: StockMarket.News

Dan Ives says 40 to 100 planned US AI data centers may never get built after the blue wave

He estimates 5% to 10% of the 800 to 1,000 facilities mapped for the AI buildout are now at risk of delays or cancellation

Big Tech's capex growth peak moves to 2027, earlier than the Street had been modeling

Texas alone accounts for 25% to 30% of expected US data center power capacity through 2030, and new Governor Gina Hinojosa campaigned against the boom

Brad Gerstner at Altimeter separately flags 10 to 15 gigawatts of planned capacity at risk

A CBS News poll found more than twice as many Americans oppose new data centers in their towns as support them

Names tied to the physical buildout like $Coreweave(CRWV.US), $Vertiv(VRT.US) and $SpaceX(SPCX.US) got hit into the midterm session, while $Microsoft(MSFT.US) and $Amazon(AMZN.US) rallied on the idea that slower spend could ease financing pressure

Wall Street bought the blue wave for lower yields, but Ives is saying the same election just put a speed limit on the AI power build. Pace slows, thesis stays, and the choke point moves from chips to local politics

Source: StockMarket.News

$AppLovin(APP.US) is soaring more than 20% after hours following a blowout Q3 📈

Revenue jumped 55% to a record $2.19 billion, net income rose 72% to $1.44 billion, and the company ran an 84% adjusted EBITDA margin

The rest of tonight's earnings tape is mostly red

$Qualcomm(QCOM.US) is down 7% as handset chip revenue fell 26% to $5.14 billion, even with automotive up 89% to a record $1.99 billion

$Snap(SNAP.US) is down 11% after missing on revenue ($1.72B vs $1.73B) and daily users (495M vs 499M), and it plans to stop reporting daily users in 2027

$Cava(CAVA.US) is down 13%, $Arm(ARM.US) is down 1.5%, while $Coherent Corp.(COHR.US) and $ELF Beauty(ELF.US) are up about 5%

A day after the Dow's best day since April 2025, earnings are back in the driver's seat, and the bar for anything short of a clean beat is clearly high

Source: StockMarket.News

The Dow just ripped 1,569 points after Democrats swept Congress, its best day since April 2025

Dow +3.0% to 53,356

S&P 500 +1.6% to 7,688, best day in three months

Nasdaq +1.4% to 25,737

The AI trade split in two. $Microsoft(MSFT.US) +6.7% and $Amazon(AMZN.US) +6.1% while data center builders got crushed, $Hut 8 Mining(HUT.US) -23%, $IREN(IREN.US) -11%, $Core Scientific, Inc.(CORZ.US) -10%

The chip index fell 3.1% to a six-month low as Democrats won key data center states like Texas and Georgia

Hospitals and dollar stores led the rally, $HCA Healthcare(HCA.US) +10.3% and $Dollar Tree(DLTR.US) +9.6%

WTI crude dropped $7.97 to $88.12 on bets the Iran war ends sooner, energy -4.8%

$Tesla(TSLA.US) -3.3% and $SpaceX(SPCX.US) -3.9% after Elon Musk spent nearly half a billion dollars backing Republicans

Gold jumped $132.60 to $4,073 and the 10-year yield slid to 4.88%

A divided government used to mean gridlock and a market that shrugged. Today it meant cheaper oil and a vote against the AI building boom, and Wall Street rewarded the companies with cash over the ones borrowing to build

Source: StockMarket.News

$Duolingo(DUOL.US) is up about 35% today and on pace for the biggest one-day gain in its history as a public company

Daily active users jumped 29% to 64.9 million, speeding up from 23% growth last quarter

Q3 revenue came in at $309M vs $303M expected, up 14% from a year ago

Paid subscribers rose 14% to 13.1 million and bookings grew 12% to $316M

Management raised its 2026 revenue outlook to $1.221B and guided Q4 revenue to $322M vs about $315M expected

EPS of $0.54 was a touch below estimates, and nobody cared

The stock had been cut by more than half from its 52-week high of $269 going into this print

For a name a lot of people wrote off as an AI loser, users growing faster for a second straight quarter is the number that matters most, and even after today it still sits about 36% below that high

Source: StockMarket.News

BREAKING 🚨 US oil just broke below $90 a barrel

WTI crude is down nearly 7% today to about $89.60, its first move under $90 since October 7

Brent is down more than 7% to about $95.70, its lowest level since early September

That's a 14% drop for WTI and a 19% drop for Brent in just 3 trading sessions since the October 30 high

The selloff came after Democrats flipped the House and Senate, and VP JD Vance wrote on X that "The reason we lost is the war," calling for an end to the Iran conflict

Energy stocks are getting hit too, with $ExxonMobil(XOM.US) -5%, $Occidental Petroleum(OXY.US) -6% and $Chevron(CVX.US) -4%

The market is pricing the end of the war premium before any deal is signed. If it holds, cheaper gas could cool inflation fast, which is exactly what the Fed has been waiting for

Source: StockMarket.News

US diesel stockpiles just fell below 100 million barrels for the first time since 2003

The EIA says distillate inventories dropped 3.6 million barrels last week to 99.3 million, the lowest level in more than 23 years

That's a much bigger draw than the 1.5 million barrels pulled the week before, and it lands right as the heating season starts

The Strategic Petroleum Reserve also slipped another 0.4 million barrels to 282.2 million, its lowest since 1982

Crude inventories fell 0.9 million barrels to 409.8 million while gasoline dipped 0.2 million

This matters for $ExxonMobil(XOM.US), $Chevron(CVX.US), $Valero Energy Corp New(VLO.US) and $Marathon Petroleum(MPC.US), because diesel runs trucks, trains, farms and factories, so tight supply feeds straight into shipping and food costs

Oil has dropped below $93 over the last 4 days, but the fuel the real economy actually burns is getting scarcer, and that gap won't stay quiet once winter demand shows up

Source: StockMarket.News

Wall Street is already sorting the winners and losers of the blue wave

Solar is ripping, with $First Solar(FSLR.US) up 14%, $Sunrun(RUN.US) up 13% and $Enphase Energy(ENPH.US) up 12% in early trading after Democrats took both the House and the Senate

Big Tech is joining in, with $Amazon(AMZN.US) up 7%, $Microsoft(MSFT.US) up 5% and $Apple(AAPL.US) up 5% as investors bet a divided Washington means fewer sweeping policy shocks

On the other side, Trump Media $Trump Media & Tech(DJT.US) is down 11% and bitcoin miner turned data center operator $Hut 8 Mining(HUT.US) is down 11%, with $Core Scientific, Inc.(CORZ.US) off 6% on fears of tighter rules on data center construction

Defense names are sliding too, with $Lockheed Martin(LMT.US), $Northrop Grumman(NOC.US) and $RTX(RTX.US) down 3% to 5% as Trump's $1.5 trillion budget request now faces a much tougher Congress

$Tesla(TSLA.US) is down 4% after Elon Musk spent nearly half a billion dollars backing Republican candidates

The S&P 500 is up about 1.7% and the Dow is up more than 1,000 points

Markets are pricing gridlock as good news for the biggest balance sheets and bad news for anything that leaned on Washington's support, and the real test is whether this rotation holds once the headlines fade

Source: StockMarket.News

US private employers added 86,000 jobs in October, beating the 69,000 economists expected

That's a second straight month at 86,000 after September was revised down from 90,000, per the $Automatic Data Process(ADP.US) National Employment Report

Trade, transportation and utilities led with +39,000, followed by education and health at +28,000 and leisure and hospitality at +19,000

Professional and business services lost 27,000 jobs, their third straight monthly decline

Job-changers saw gross pay jump 7.6% from a year ago, and ADP says their earnings growth hit its fastest pace since March 2024

Base pay rose 3.2% for all workers and 3.0% for people who stayed put

The official BLS jobs report lands Friday, with economists looking for about 65,000 nonfarm jobs and unemployment holding at 4.2%

Hiring is slow but steady, and pay for job-hoppers is speeding back up, which is exactly the mix that keeps the Fed cautious even as the blue wave rally lifts $SPY and $QQQ this morning

Source: StockMarket.News

Democrats just flipped both the House and the Senate, and stock futures erased a 2.4% overnight drop

Nasdaq 100 futures fell as much as 2.4% and S&P 500 futures as much as 1.4% as results rolled in

By early Wednesday both were up about 1%, with Dow futures up 724 points, or 1.4%

Democrats are projected to win at least 250 House seats and at least 54 Senate seats, with Alaska and Mississippi still uncalled

Elon Musk spent a record of at least $474M on the midterms, $224M of it in Texas, where Democrat James Talarico won the Senate race

$SpaceX(SPCX.US) is down 3.8% premarket and $Tesla(TSLA.US) is down 3.5%

Gold jumped about 3% back above $4,000 and the 10-year yield slipped to 4.92%

Wall Street feared a blue sweep for weeks, then bought it within hours. Gridlock means fewer fiscal surprises and lower yields, which is what futures are pricing. The real pressure point is AI, since voters also rejected data center projects in several towns, so watch $Tesla(TSLA.US), $SpaceX(SPCX.US) and the data center names into the open

Source: StockMarket.News

Chip stocks just snapped back on Election Day and pulled the S&P 500 out of a 3-day losing streak

The chip index jumped 2.6% as $NVIDIA(NVDA.US) rose 2.3% after 4 straight down days, $Micron Tech(MU.US) gained 2.6% and $Broadcom(AVGO.US) added 3.1%

$AMD(AMD.US) +3.7% heading into earnings after the bell

$Microsoft(MSFT.US) +2.7%, $Meta Platforms(META.US) +2.4% and $Amazon(AMZN.US) +2.1%

$Apple(AAPL.US) -1.9% after warning memory chip costs will squeeze its holiday quarter margins

Bitcoin miners ripped with $Riot Platforms(RIOT.US) +18.4% and $Hut 8 Mining(HUT.US) +15.9%

Earnings losers got crushed with $Dynatrace(DT.US) -14.7%, $Gartner(IT.US) -13.2%, $Thomson Reuters(TRI.US) -9.9% and $Shopify (SHOP.US) -8.7%

The 10 year yield jumped to 4.95%, its biggest gain since Sept 28

S&P 500 +0.4% to 7,569

Nasdaq +0.8% to 25,372

Dow -0.4% to 51,787

The rally was thinner than it looks, with decliners beating gainers 1.6 to 1 inside the S&P 500 and the Nasdaq printing 251 new lows. Dip buyers went right back to the riskiest AI names, so tonight's midterm results and $AMD(AMD.US)'s numbers decide whether this bounce sticks

Source: StockMarket.News

The S&P 500 is only about 3% below its record high, yet 60% of its stocks are already in a bear market, per Goldman Sachs

That means 3 in 5 members are down 20% or more from their 52 week highs, a setup Goldman trader Bobby Molavi calls a "stealth bear market"

The Magnificent 7 have lost about $4 trillion in market value since Oct 15, and the Philly semiconductor index fell 7% last Friday to break below its 200 day average for the first time in a year

Demand isn't the problem. $Alphabet(GOOGL.US) Cloud revenue doubled, $Microsoft(MSFT.US) Azure grew 48% and $Amazon(AMZN.US) AWS grew 39%, its fastest pace in 5 years

The worry is the bill. The 4 biggest hyperscalers generated just $26B of combined free cash flow, and $Amazon(AMZN.US) long term debt jumped from $66B to $173B in 9 months

Molavi also flags the spread between B and CCC rated bonds at 8 points, a level seen fewer than 5 times since 1996, and the S&P 500 was at least 11.5% below its high every time

The index headline looks calm, but under the hood most stocks are already in a downturn while AI capex, not AI demand, sets the tone

Source: StockMarket.News

Bitcoin miners are ripping today, with 9 big names up between 10% and 17%

$Hut 8 Mining(HUT.US) +16.7%

$Cipher Digital(CIFR.US) +16.7%

$Riot Platforms(RIOT.US) +16.3%

$Terawulf(WULF.US) +14.2%

$CleanSpark(CLSK.US) +13.5%

$Galaxy Digital(GLXY.US) +13.1%

$Core Scientific, Inc.(CORZ.US) +10.8%

$IREN(IREN.US) +10.6%

$Mara(MARA.US) +10.3%

Bitcoin itself is only up about 1%, and the S&P 500 is up 0.6%

The bounce comes after a brutal month. $Cipher Digital(CIFR.US) fell 56% and $IREN(IREN.US) fell 47% in the 21 trading days into Monday's close, and most of the group lost 30% to 45%

Keefe Bruyette warned Monday of a "lease catalyst drought" for AI data center hosting deals, while JPMorgan called $Cipher Digital(CIFR.US) "substantially undervalued" this morning with an $18 target, as other analysts cut theirs

These stocks now trade as AI data center plays more than bitcoin bets, so a 15% day after a 40% drawdown says more about positioning than fundamentals, and the next hosting lease is what decides whether it sticks

Source: StockMarket.News

The S&P 500 has finished higher 12 months after every midterm election since 1950

That's 19 for 19, with an average gain of about 15%, per JPMorgan Asset Management

Today is Election Day, and JPMorgan mapped out how $SPY could react to each result

Democratic sweep (66% odds) means anywhere from -0.25% to +0.5%

Dem House with a GOP Senate (26% odds) means +0.5% to +1%

Republican sweep (7% odds) means +1% to +1.25%

The bank says a blue wave could hit AI stocks on data center regulation fears, while a red wave could keep the Iran campaign and deficit spending going

The catch this time is valuation. The Shiller CAPE sits at 40.7, the highest ever heading into a midterm and well above the old record of 33.8 in 1998

History favors the bulls, but no streak has ever started from a market this expensive, so tonight's result might matter less than whether AI earnings can justify the price tag

Source: StockMarket.News

US job openings just jumped by 333,000 to 7.52 million in September, the most since May

That crushed the 7.15 million forecast, per the BLS JOLTS report out this morning

Quits surged 321,000 to 3.37 million, the highest since March 2025

Layoffs fell to 1.64 million, the fewest since March 2025

Hires held at 5.4 million and the quits rate ticked up to 2.1%

Quits are the cleanest read on worker confidence, since people only walk away when they think a better job is waiting

It lands on midterm Election Day, three days before Friday's payrolls report

A hotter job market is good news for workers and consumer spending, but it makes the case for Fed rate cuts harder and keeps pressure on yields, $TLT, and rate-sensitive names

Source: StockMarket.News

Big Tech just lined up more than $60B of new bonds in about a week

$Microsoft(MSFT.US) sold $25B on Thursday, its first US bond deal since 2017

$Meta Platforms(META.US) is seeking at least $20B across dollar and euro bonds, its first ever sale in euros

$Oracle(ORCL.US) sold $10B of bonds Monday with coupons as high as 8.65%, alongside about $9.9B of new stock

$Alphabet(GOOGL.US) raised €6B in Europe, its second euro sale this year

Big Tech had stayed out of the US bond market for almost three months after its last borrowing binge spooked investors

The AI buildout is now being funded with debt, not just cash flow. $Meta Platforms(META.US), $Alphabet(GOOGL.US) and $Amazon(AMZN.US) all just reported negative free cash flow, so the real test is whether bond buyers keep saying yes at these prices

Source: StockMarket.News