US market tested by Tech stocks' AI capex +...
@JC888:
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