Stocks
Wall Street enters November with S&P 500 just 1.44% above its October low
Seasonal data give November of a midterm year an average 2.31% gain, while Gann’s calendar concentrates several time windows in the month.
Nasdaq
Big Tech Stocks
Amazon burns through $42.4 billion in cash as Nasdaq futures drop 2%
Intel fell 26% on a weak PC outlook, a day after Alphabet’s worst single-day loss on record.
Big Tech Stocks
Broadcom seen as the biggest winner from Anthropic’s IPO
D.A. Davidson upgraded AVGO to buy and raised its target to USD 400, and the stock gained more than 3% on Wall Street.
Stocks
Hedge funds post worst week since 2024 as Goldman flags $65 billion CTA overhang
Systematic funds lost 2% in a week in which the S&P 500 slipped less than half a point, as money rotated out of the AI names they own most.
IPOs & Earnings
Anthropic files for Nasdaq IPO with $80.7 billion half-year loss
The company behind Claude plans to list under the ticker ANT in the week before Thanksgiving.
Fed & Central Banks
US inflation runs hot but Treasury yields fall: El-Erian on the paradox unsettling markets
In his weekly bulletin, economist Mohamed El-Erian flags an anomaly: three hotter-than-expected US inflation readings failed to lift Treasury...
Stocks
Wall Street hits record highs, but Apple, Costco, Moderna and Netflix draw negative ratings
Wall Street is near records, but four stocks receive negative ratings: what the banks say and the chart levels for Apple, Costco, Moderna and Netflix.
Big Tech Stocks
Arm Holdings soars 17% as Wall Street bets on chips built for agentic AI
The British chip designer added roughly $49 billion in market value in a single session on Monday, after CEO Rene Haas said demand for its new AGI...
Stocks
Warner Bros Discovery and Paramount Skydance shares surge as $110 billion merger deal nears
Shares of the two US media groups jumped as much as 8% on reports of a breakthrough in the antitrust fight that has been blocking Paramount’s...
