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LIVE MARKETS-Eyes on next week's tech results after recent selloff

By Reuters News

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

EYES ON NEXT WEEK'S TECH RESULTS AFTER RECENT SELLOFF

The bulk of third-quarter S&P 500 earnings reports are in, but Thursday's sharp tech-led selloff and worries about increased AI regulations may keep investors closely focused on results ahead from some key tech companies.

Results from CoreWeave CRWV.O, Applied Materials AMAT.O and Cisco Systems CSCO.O are all due next week, while top chipmaker Nvidia NVDA.O is due to release its quarterly report on November 17.

Strategists said the AI trade worries followed Tuesday's midterm elections, where Democrats won control of the US Congress and also won several key governors' races in data-center-heavy states such as Texas. Voters have been concerned for months about environmental and other issues due to the rise of data centers. The tech-heavy Nasdaq .IXIC had its biggest daily percentage drop in 19 months on Thursday, confirming it was in a correction.

Year-over-year earnings growth for the third quarter for S&P 500 .SPX companies is now estimated at 33.4%, according to LSEG data on Friday, which is based on results from 435 of the companies. The latest estimate is up from 30.6% at the start of October.

(Caroline Valetkevitch)

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EARLIER ON LIVE MARKETS:

BEARS CHARGE, BULLS RETREAT IN AAII'S LATEST SENTIMENT SURVEY CLICK HERE

UMICH: CONSUMERS CHEER UP WHILE KEEPING A SUSPICIOUS EYE ON AI CLICK HERE

RETAIL INVESTORS RUN FOR THE EXIT AS MIDTERMS RATTLE TECH CLICK HERE

BLUE WAVE COULD REDRAW US DATA-CENTER FOOTPRINT, UBS SAYS CLICK HERE

YOU BETTER WORK: A JOBS REPORT DEEP DIVE CLICK HERE

AI SELLOFF TESTS INVESTMENT BOOM; ANALYSTS SEE DE-RISKING, NOT FUNDAMENTAL RESET CLICK HERE

TECH, CHIPS RALLY, DAY AFTER SHARP SELLOFF CLICK HERE

NASDAQ, S&P 500 EMINIS HIGHER, BUT TRIM GAINS AFTER PAYROLLS CLICK HERE

BLUEBAY ADDS FRENCH, ITALIAN DEBT EXPOSURE CLICK HERE

HALF-TIME IN EUROPE: STOXX EXTENDS DECLINES, TECH STEADY CLICK HERE

GERMANY'S FISCAL BOOST IS TAKING HOLD CLICK HERE

STOXX SUFFERS, BUT STAYS STEADY ACROSS THE WEEK CLICK HERE

BEFORE THE BELL: TECH WORRIES CRASH ASHORE IN EUROPE? CLICK HERE

AI'S REALITY CHECK CLICK HERE


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Unemployment by race and ethnicity https://www.reuters.com/graphics/USA-STOCKS/lgvdbdlnzvo/UErace.png

UMich current conditions v expectations https://www.reuters.com/graphics/USA-STOCKS/znpngwznkvl/UMich.png

UMich inflation expectations https://www.reuters.com/graphics/USA-STOCKS/zdvxemrkrpx/UMichinflation.png

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