Half way thru Monday's trading, the balance of gains have shifted. - DJIA has emerged the winner with a +1.08% gain. Looks like investors are still rotating into Dow index. - S&P 500's earlier 0.54% gain has given up a bit of the lead to +0.44%. - Nasdaq too has given up its massive lead of 0.84% and is now +0.42%. Will this be how market will end its first day ?
@JC888:US market tested by Tech stocks' AI capex +...
With 4 hours to go before start of November trading, the 3 composite futures indexes did not much evolve from when it was 7 hours ago (see below). Nasdaq remains unchanged at +0.84%. However, both Dow and S&P 500 have gained further. They are poised to open higher at +0.56% (from +0.30%) and +0.54% (from +0.43%) respectively. Still I will be sitting on the fence; especially the noise surrounding US & Israel are planning for yet another attack on Iran seems to be getting louder & louder. And Trump as usual has been throwing shades over this matter during his last minute rally.
@JC888:US market tested by Tech stocks' AI capex +...
With 7 hours to go before 1st day of November trading, all 3 composite futures indexes are poised to open higher. Rejoice or sit on the fence? Still deciding
@JC888:US market tested by Tech stocks' AI capex +...
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@JC888:US market tested by Tech stocks' AI capex +...
For the week ending Fri, 30 Oct 2026, US market closed off October 2026 sharply lower as a heavy-tech sell-off dragged down all 3 major benchmarks. (see below) By the time 4pm came around, The Dow lost -1.05% (-550.14 to 51,770.3). The S&P 500 fell by -0.78% (-59.63 to 7,580.07). Nasdaq Composite tumbled -2.27% (-589.87 to 25,437.00) For the month of October 2026: (there’s a surprise) DJIA: +1.70% (+864.26 to 51,770.31). S&P 500: -0.39% (-71.47 to 7,580.07). Nasdaq: -5.30% (-1,424.06 to 25,437.00). Weekly Drivers / Catalysts. The 4 key catalysts of the week were : (1) Tech & AI Spending Pushback. Disappointing earnings reports and heavy AI-related capex from major tech firms (eg. $Alphabet(GOOG)$ and
GOOG shares fell - 1.40% to close at $279.84 on Friday, experiencing continued pressure following its record - 12.6% drop on Thursday. The downward momentum was accelerated by multiple analyst price target downgrades as Wall Street reacts to slowing core search revenue growth and heavy artificial intelligence infrastructure costs
PEP experienced a strong technical rebound on Fri, 30 Oct 2026, climbing +2.65% to close at $137.34 on a significant volume spike. Upward momentum was heavily driven by opportunistic value hunting & investors locking in attractive dividend yields above 4% after the stock hit historically discounted levels.
MSFT fell - 1.55% on Friday, 30 Oct 2026, closing at $521.91 after a minor analyst downgrade triggered some profit-taking. Despite slight dip, MSFT weathered the week's broader tech selloff relatively well, supported by a strong fiscal Q1 27 earnings report that showed an impressive 48% growth in its Azure cloud unit
PEP closed higher on Friday at $137.34, marking a solid gain of +2.65%. Upward momentum was driven by technical rebounds and strong value hunting, as investors rushed to capture its historically high dividend yield exceeding 4%
KO rallied +1.36% to close at $94.08 on Friday, marking its 3rd consecutive day of gains amid a broader market rotation into defensive consumer staples. The positive momentum continues to be supported by the company's strong Q3 earnings report earlier in the week, where management beat expectations & raised its full-year 2026 outlook.
4 hours into Friday's trading, the Nasdaq has fallen by -3.19%, worse than yesterday. Supposed GOOG is one of the contributing factors as it falls a further -1.92%, in addition to Thursday's -12%. The million dollar question heading into mid-term election is if the Republicans managed to hold onto either the Senate or the House of Representatives or both, will this be a catalyst to spur US market to recover OR will it be reasons to further consolidate ? Similarly, if the Democrats wins either or both - will the win helps to choke the bloodshed that we are witnessing now ?
Things are not looking up 4 hours into Friday's trading. Nasdaq lost the most at -3.19%. Guessed its safe to conclude that MSFT is one of the factors, given that the stock has fallen by -1.99% intraday. It is still better than GOOG, of course. However, there is no telling whether bleeding for MSFT wlll be as such only or will it eat into November as we bid October 2026 - adieu !! Parting is such sweet sorrows ? Good riddance I say, when it is such a bad ending to an otherwise lacklustre trading month.l