The Finance Class

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Tag: jobs report

  • US Stock Futures Rise Monday as Oil Falls and Tech Bounces Back

    US Stock Futures Rise Monday as Oil Falls and Tech Bounces Back

    Introduction
    US stocks may open higher on Monday. Early trading points that way. Oil prices fell. Tech shares bounced back a little. This comes after a rough month for tech.

    What Happened
    Futures are deals about future prices. They give a hint of how stocks may open. They are not a promise. On Monday morning, Dow futures rose 190 points. That is a rise of 0.4%. They reached 52,108. S&P 500 futures rose 30.25 points. That is also a rise of 0.4%. They reached 7,644.25. Nasdaq futures rose 211.75 points. That is a rise of 0.8%. They reached 28,745.75. The Nasdaq is full of tech firms. So its bigger rise matters. Micron, SanDisk, and Western Digital each rose more than 2% in early trading. Nvidia and Microsoft also rose a little. Marvell rose about 2.9% in early trading. Apple fell a little before its earnings news. Apple will share its earnings after Monday’s close. Earnings means a firm’s money report. Oil fell in early Asian trading. Brent crude fell about 1.6% to about $111.60 a barrel.

    Key figures

    • Dow futures: up 190 points, or 0.4%, to 52,108
    • S&P 500 futures: up 30.25 points, or 0.4%, to 7,644.25
    • Nasdaq futures: up 211.75 points, or 0.8%, to 28,745.75
    • Micron, SanDisk, Western Digital in early trading: each up more than 2%
    • Nasdaq fall last week: about 2%
    • S&P 500 and Dow fall last week: each less than 1%
    • Nasdaq fall in October: about 5.2%
    • Dow rise in October: almost 2%

    Why It Happened
    October was hard for tech. Investors worried about AI spending. AI firms are spending huge sums. Investors asked when that spending will pay off. That worry pushed tech shares down. Last week, the Nasdaq fell about 2%. The S&P 500 and the Dow each fell less than 1%. In October, the Nasdaq fell about 5.2%. The Dow rose almost 2% in the same month. That shows a shift. Money moved from tech to safer areas, like health care. On Monday, some of that money moved back to tech. Lower oil prices helped too. Lower oil can mean lower costs for firms and for drivers.

    Why It Matters
    One morning does not end a trend. But it shows a change in mood. Investors are still nervous about AI. They are also still hopeful about AI. Both feelings are in the market now. This week will test that mood. Big earnings are due. Big news on jobs is due. A big vote is due too.

    What Happens Next
    Apple reports after Monday’s close. McDonald’s and Qualcomm report later in the week. US midterm elections are on Tuesday, November 3. The October jobs report is due on Friday, November 6. A jobs report shows how many jobs were added. It helps people guess what the central bank may do next. Watch all three. They can move stocks fast, up or down.

    Final Thoughts
    Monday starts with a small bounce. Tech is up a little. Oil is down a little. But the big tests are still ahead. This week will tell us more than one morning can.

    Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.
    Sources: CNBC, https://www.cnbc.com/2026/11/02/stock-market-today-live-updates.html ; market update, https://www.baystreet.ca/articles/market_updates_us.aspx?articleid%5C%5Cu003d102194 ; CNBC TV18 early Asian market

    report via TradingView,

    https://www.tradingview.com/news/cnbctv:d3b11974e094b:0/

    Related post: https://thefinanceclass.wordpress.com/2026/10/30/nasdaq-falls-3-percent-tech-selloff-worst-day-june/

  • Apple and Palantir Report Monday in a Huge Week for Stocks, Elections and Jobs

    Apple and Palantir Report Monday in a Huge Week for Stocks, Elections and Jobs

    After a brutal week for tech stocks, the next five days could decide whether the sell-off continues or starts to calm down. Apple and Palantir report earnings on Monday, Americans vote in midterm elections on Tuesday, and the October jobs report arrives on Friday. In between, more than 100 big companies report results.

    Here is what to watch, day by day, in plain terms.

    What Happened Last Week

    On Friday, October 30, 2026, the Nasdaq fell 2.86% to 25,437.00, its worst day since June. The S&P 500 fell 1.82% to 7,580.07 and the Dow dropped 1.09% to 51,770.31. For the full week, the S&P 500 lost 0.58%, the Nasdaq fell 2% and the Dow gave up 0.85%.

    The main trigger was earnings: Amazon and Intel disappointed investors, Alphabet had already fallen sharply, and worries about how much tech companies are spending on AI spread across the whole sector. The semiconductor ETF SOXX dropped 9.1% on Friday alone.

    CNBC host Jim Cramer summed up the mood on Friday: “After a brutal week for tech, don’t assume the worst is behind us.” He pointed to the election, uncertainty overseas, the jobs report and another wave of earnings as reasons to stay careful.

    Monday, November 2: Apple and Palantir

    Apple reports after the market closes on Monday, the biggest name of the week. Analysts expect earnings of about $1.98 per share on revenue of about $113.3 billion, up roughly 11% from a year ago. iPhone revenue alone is expected to be around $56.5 billion, about half of total sales. Apple shares recently hit an all-time high, helped by enthusiasm for its latest products, and the stock trades at almost 40 times earnings, so there is very little room for disappointment.

    Palantir also reports Monday after the close. Analysts expect earnings of about $0.41 per share on revenue of about $2.18 billion, up more than 80% from a year ago. Cramer said he expects encouraging results, citing strong customer feedback about Palantir’s AI software. Other companies reporting Monday include Marriott, Vertex and ON Semiconductor.

    Tuesday, November 3: Elections and AMD

    Americans vote in midterm elections, with 35 Senate seats on the ballot, and AMD reports earnings after the close. AMD is expected to report revenue of about $13.1 billion and earnings of about $1.94 per share, up sharply from a year ago. As a chipmaker selling into the AI boom, its results will be read as a signal for the whole semiconductor sector, especially after Intel’s weak forecast rattled chip stocks last week. Other Tuesday names include Arista, Block, Booking Holdings, Shopify and Pfizer, plus a job openings report.

    Wednesday to Friday: A Packed Finish

    Wednesday, November 4 is the busiest earnings day, with Qualcomm, Uber, McDonald’s, Datadog, Arm, AppLovin and DoorDash among the names reporting, plus private payrolls and services data. Thursday, November 5 brings Atlassian, Cloudflare, Airbnb, ConocoPhillips and Cigna, plus weekly jobless claims and a speech from Cleveland Fed President Beth Hammack.

    Friday, November 6 is the finale: the October jobs report from the Bureau of Labor Statistics at 8:30 a.m. Eastern, shaping expectations for the Federal Reserve’s December decision on interest rates. Moderna and Humana also report Friday. Context from CNBC’s weekly outlook: S&P 500 companies are beating earnings expectations by only 1.4% on average this season, well below the five-year average beat of 7.5%.

    Why It Matters

    There are three kinds of risk in five days — earnings risk (Apple, Palantir and AMD have to prove AI spending is paying off), political risk (midterm results could change what policies are possible in Washington), and economic risk (the jobs report could move interest-rate expectations, affecting everything from mortgages to stock valuations). The practical point is simple: expect big moves in either direction and do not read too much into any single day.

    What Happens Next

    If Apple and Palantir both beat expectations and the jobs report comes in steady, the tech sell-off could start to ease. If Apple disappoints, or jobs data surprises in either direction, volatility is likely to continue. By Friday evening, much more will be known about whether the biggest tech companies can still grow into their high valuations, whether voters changed the political picture, and whether the US job market is still holding up.

    Final Thoughts

    Weeks like this are why investing feels stressful. Focus on actual numbers — revenue, earnings and jobs — rather than noise. By Friday, those numbers will tell a clearer story than any single prediction today.

    Key figures:

    • Apple (Monday): expected EPS about $1.98, revenue about $113.3 billion
    • Palantir (Monday): expected EPS about $0.41, revenue about $2.18 billion
    • AMD (Tuesday): expected EPS about $1.94, revenue about $13.1 billion
    • Friday, October 30: Nasdaq -2.86%, S&P 500 -1.82%, Dow -1.09%
    • Friday jobs report: October employment data, 8:30 a.m. Eastern, November 6

    Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.

    Sources: CNBC week-ahead outlook as reported by TradingView News (November 1, 2026) and FXEmpire; company earnings expectations via Fiscal.ai data as reported by TradingView.

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