Capital.com Research Team

Since reporting results, the AI names have been battered amid fears of out-of-control capital expenditure and the damage this is likely to inflict on free cash flow.

Stocks recovered on 5 November, with the S&P 500 rising by about 40 basis points.

The ADP jobs report on Wednesday, 5 November, at 8:15 a.m. Eastern Time is expected to show that hiring in October improved, rising by 25,000 jobs — a significant improvement from the September reading, which showed a decline of 32,000 jobs.

The S&P 500 finished the day unchanged, even though the Fed cut rates by 25 basis points.

The next couple of days will be a defining moment for US equity markets and markets globally, with the Fed, the BOJ, and the ECB all making monetary policy announcements and decisions.

The S&P 500 rallied about 1% on the day. This came as implied volatility, as measured by the VIX 1-Day, fell sharply from an elevated level on Friday, 24 October.

Big Tech Earnings Set to Steer US Markets into Year-End.

The S&P 500 finished the day higher by around 60 bps but, for the second time this week, failed to surpass the 6,750 level.

Stocks increased on Monday, 20 October, as implied volatility levels dropped sharply ahead of VIX options expiry on Wednesday morning, which helped boost the stock market.

Netflix approaches a key technical area as it approaches Q3 earnings, with the technical setup suggesting this could be a make-or-break moment for the stock.