Business · Companies · 2 hrs ago
US elections, jobs data and tech earnings set to shape Wall Street
US midterm elections, jobs data and company earnings are set to drive Wall Street next week.
Voters will decide on Tuesday whether Democrats can take control of either chamber of Congress from President Donald Trump's Republicans, who currently hold both.
Democrats are widely expected to gain the House, while control of the Senate remains uncertain.
A shift in Congress could affect Trump's legislative agenda and unsettle markets.
On Friday, the US releases its October jobs report, which investors will use to assess the labour market and the Federal Reserve's next interest-rate decisions.
Apple, AMD, Qualcomm and Palantir are among the companies reporting results, alongside more than 100 S&P 500 firms.
Investors are scrutinising technology company valuations after AI-related concerns helped push major US stock indexes lower on Friday.
The election, jobs figures and earnings will give investors fresh signals about policy, the economy and company performance.
US midterm elections, the October jobs report and technology company earnings are expected to shape Wall Street in the coming week.
The elections on Tuesday will determine whether Democrats can take control of either chamber of Congress from Republicans.
The October employment report, due Friday, is expected to offer clues about the labour market and the Federal Reserve’s interest rate outlook.
Apple, AMD, Qualcomm and Palantir are among the technology companies scheduled to report results.
US stocks fell on Friday amid concerns that enthusiasm for artificial intelligence had pushed technology valuations too high.
- Who
- US investors, voters, companies and policymakers are central to the story.
- What
- Midterm elections, October employment data and corporate earnings are expected to influence Wall Street.
- When
- The events are scheduled for the week beginning November 2, 2026; the midterm elections are on Tuesday and the jobs report is due Friday.
- Where
- The United States.
- Why
- Investors are assessing the implications for economic conditions, Federal Reserve policy and company performance.
This story does not have two clearly opposing sides.
cash.ch published its preview of the coming week’s market events.
US stocks fell, with the S&P 500 down 1.8% and the Nasdaq Composite down 2.9%.
Apple is scheduled to report its earnings.
US midterm elections are scheduled to take place.
The US employment report for October is scheduled for release.
- S&P 500 close
- 7,580.07 on Friday, down 140.32 points, or 1.8%
- Dow Jones close
- 51,770.31 on Friday, down 572.25 points, or 1.1%
- Nasdaq Composite close
- 25,437 on Friday, down 747.73 points, or 2.9%
- October jobs report
- Scheduled for Friday, November 6
- Companies reporting
- Apple, AMD, Qualcomm and Palantir are among the expected reporters
- S&P 500 earnings
- More than 100 companies are scheduled to report during the week
3 sources
What people are saying
The bar for earnings is very high.
Should there be a pronounced blue wave in favour of the Democrats, this will be seen as negative for AI stocks, the technology sector in general and perhaps even the overall market.
Investors are now looking much more critically at the figures from the AI giants and seem to be getting nervous.