Investors enter a crowded U.S. week of company results, midterm elections and labor data after a Friday selloff, with the calendar putting corporate performance and the economy in focus. The Nasdaq Composite fell 2.9% on Oct. 30; the S&P 500 dropped 1.8%, and the Dow Jones Industrial Average lost 1.1%, the Associated Press reported. EconoTimes previously covered technology losses linked to AI spending concerns.
Apple has scheduled a 5 p.m. ET call Monday about its fiscal 2026 fourth-quarter results. Palantir Technologies plans to release its third-quarter results after Monday’s market close, with a webcast at 5 p.m. ET. On Tuesday, Pfizer has an event on its third-quarter performance at 10 a.m. ET. AMD’s third-quarter report is due after the close, with a call at 5 p.m. Amgen also plans to report after the close and has a call scheduled for 4:30 p.m. ET.
In a CNBC report, Jim Cramer, host of Mad Money, cautioned that technology volatility might continue, saying, “After a brutal week for tech, don't assume the worst is behind us.” CNBC reported that renewed concern about AI spending weighed on technology shares. Cramer said political opposition could delay data-center projects, while some states might welcome them.
The U.S. general election is set for Tuesday, Nov. 3. All 435 House seats and about one-third of Senate seats are on the ballot in a midterm election year. CVS Health has a results call scheduled for 8 a.m. ET Wednesday, Nov. 4. Kimberly-Clark plans to publish final third-quarter results at about 6:30 a.m. ET Thursday, followed by a question-and-answer session at 8 a.m. The U.S. Bureau of Labor Statistics (BLS) has scheduled its October Employment Situation report for Friday, Nov. 6, at 8:30 a.m. ET.
