TLDR
- US stock futures rose Monday after a rough week and a losing October for tech stocks.
- The Nasdaq Composite fell 5.2% in October, its worst month since March 2025.
- Bitcoin traded near $78,000 after a $6.3 billion hack of Binance, called the biggest in crypto history.
- Investors are watching Apple earnings, Tuesday’s midterm elections and Friday’s jobs report.
- Oil prices dropped on reports that the US and Iran are seeking a diplomatic resolution.
US stock futures rose early Monday after a rough week on Wall Street. Investors are getting ready for earnings, midterm elections and a jobs report.
Dow futures gained 0.4%, and S&P 500 futures also added 0.4%. Nasdaq-100 futures rose 0.8% after the index briefly entered a correction.
Tech stocks led the pullback last week as investors questioned spending on artificial intelligence. Chipmakers and other tech names bounced back before the market opened.
Tech Stocks Weigh on October
The Nasdaq Composite fell 5.2% in October, its worst month since March 2025. The S&P 500 also ended the month lower.
🚨 Massive CRASH in AI Stocks in the Last 48 Hours$INTC: -32.9%$GOOGL: -14.5%$AMZN: -10%$SNDK: -15.8%
This comes after disappointing earnings from major tech companies raised fresh concerns about AI spending and future growth.
Intel: Its Q4 revenue guidance came in roughly… pic.twitter.com/ZkmiLN5OWT
— Bull Theory (@BullTheoryio) October 30, 2026
The Dow rose almost 2% in October as investors moved into defensive areas such as healthcare. For the week, the Dow and S&P 500 each fell less than 1%, while the Nasdaq dropped 2%.
The week began with Anthropic publicly filing for an IPO, which lifted AI-linked stocks. Selling returned later as Alphabet and Microsoft gave lower-than-expected capital spending forecasts.
Amazon left its full-year capital spending guidance unchanged. Some investors saw the forecasts as a sign that AI spending could be slowing.
Warren Pies of 3Fourteen Research said he sees nothing broken with the AI trade fundamentally. “Technicals are another story,” he said on CNBC.
Mike Dickson of Horizon said investors are finding return potential in other types of stocks. He also said stocks tend to stay steady no matter which party controls Congress.
Crypto and Oil Markets
Bitcoin rose slightly to trade near $78,000. Cryptocurrencies took a hit after a $6.3 billion hack of Binance.
Investigators are calling it the biggest crypto hack in history.
Crude oil prices dropped on reports that the US and Iran are seeking a diplomatic resolution to the war in the Middle East. Brent crude traded near $109 per barrel.
The midterm elections will be held Tuesday. Democrats are expected to take control of the House, while Senate control remains uncertain.
Investors will get readings on US manufacturing activity and prices paid on Monday. The October jobs report is due Friday, and economists expect an increase of 55,000 jobs.
Apple reports earnings after the bell on Monday, and its shares dipped slightly before the report. McDonald’s and Qualcomm are set to report later in the week.
In Europe, the Stoxx 600 traded almost 0.1% higher. France’s CAC 40 rose 0.29% and Germany’s DAX gained 0.22%.
In Asia, Japan’s Nikkei 225 gained 0.33% to 63,081.86, and South Korea’s Kospi rose 2.38% to 5,859.08. Hong Kong’s Hang Seng added 0.44%, while Australia’s S&P/ASX 200 fell 0.53%.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
