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● Qualcomm reports on Wednesday, November 4.
● The quarterly increase was slightly smaller than in the second quarter.
● Losses were concentrated in megacaps and chips.
● The S&P 500 andNasdaqlater fell for the third straight week.
Key Highlights● A trading specialist explained Friday's selloff in AI and chip stocks.● Many names got ahead of themselves.● The market is allEarningsbased.● Intel's outlook fell short and warned of cash burn.A trading specialist offered a blunt explanation for Friday's selloff in AI and …
● Corporate results drove the October selling.
Key Highlights● Third-quarter GDP grew at its fastest pace in a year.● The advance estimate was released on October 29, 2026.● It beat economists' forecasts.● The data appeared to confirm the Fed's upgrade to strong growth.The U.S. economy grew at its fastest pace in …
● By October 30, 2026, futures showed a December hike as likely.
● Headline and core PCE hit their highest since May.
● One source put the close at 19.58.
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