Stocks declined over an unusually volatile week as midterm results shifted control of Congress and markets responded. A Volatile WeekStocks were mixed to start the week, kicking off November with a continued rotation out of technology stocks in favor of more defensive names.3,4 Markets then jumped midweek as investors believed a decisive midterm election result would help reduce political uncertainty risk. Economically sensitive stocks led the rally, while chip stocks and other tech names trailed. The Dow Industrials rose over 3 percent—its best day in more than 1½ years.5 But stocks were under steady pressure on Thursday, with tech leading all three major market averages down. Investors continued to rotate out of the AI trade as anxiety grew about what’s next. The Nasdaq dropped 5½ percent while the S&P 500 slid 4.4 percent.6 The week wrapped on a positive note with markets pushing higher on Friday as investors cheered a better-than-expected jobs report, which helped buoy investor sentiment.7 |
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Source: YCharts.com, November 7, 2026. Weekly performance is measured from Monday, November 2 to Friday, November 6. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points. |
AI AnxietySo why did markets rally the day after midterm election results were in? Markets seemed to welcome greater clarity about the political landscape.8 Anxiety returned on Thursday. In the past several weeks, investors have become increasingly concerned about AI stock valuations and have focused on data center buildouts. Those factors had already cooled the AI trade, so the election results brought some issues back into focus.8 One bright spot for the week was the price of oil. Some believe that lower prices could help ease inflation concerns if the trend continues.8 This Week: Key Economic DataMonday: Wholesale Trade. Fed Presidents Austan Goolsbee (Chicago) and Thomas Barkin (Richmond) speak. Tuesday: NFIB Small Business Optimism Index. Consumer Price Index (CPI). New York Fed report: Q3 Household Debt & Credit. Fed Presidents Jeff Schmid (Kansas City) and Anna Paulson (Philadelphia) speak. Thursday: Weekly Jobless Claims. Existing Home Sales. Treasury Balance. Fed Presidents Mary Daly (San Francisco) and John Williams (New York) speak. Friday: Producer Price Index (PPI). San Francisco Fed President Mary Daly speaks. Source: Investor’s Business Daily - Econoday economic calendar: November 6, 2026. This Week: Companies Reporting EarningsMonday: Constellation Energy Corporation (CEG), KKR & Co. Inc. (KKR) Thursday: Cisco Systems, Inc. (CSCO), Applied Materials, Inc. (AMAT) Source: Zacks, November 6, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice. |
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“Change happens by listening and then starting a dialogue with the people who are doing something you don’t believe is right.” – Jane Goodall |
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Apples: The Snack That Keeps GivingAn apple a day does more than keep the doctor away; it keeps afternoon hunger at bay, too. Packed with fiber, vitamin C, and antioxidants, apples are one of the most satisfying grab-and-go snacks around. Beyond snacking, try thinly slicing them into a grilled cheese sandwich for a sweet-savory twist, or dice them into your morning oatmeal for natural sweetness without added sugar. Their crunch also makes them a surprisingly great substitute for crackers on a cheese board. Tip adapted from Healthline9 Exercise Your Brain, Not Just Your BodyPhysical fitness gets a lot of attention, but keeping your mind sharp is just as important. Regular brain exercise has been linked to improved memory, faster processing speed, better executive function, and stronger cognitive health over time. The good news is that brain training doesn't have to feel like work. Try attending a local class in something completely new: pottery, a foreign language, or painting. Socializing regularly, spending time in nature, and working through puzzles like crosswords or number games are all excellent ways to keep your mind active and engaged. Tip adapted from American Psychological Association10 |
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It grows down, yet it also grows up. What is it? Last Week's Riddle: You throw it out when you need to use it. You bring it up when you don’t. As you travel, it goes with you. What is it? Answer: An anchor. |
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Rocca Calascio Castle Calascio, provincia dell'Aquila, Italy |
Footnotes And Sources1. WSJ.com, November 6, 2026 |
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