Stocks ended last week lower as disappointing Q3 corporate reports led to a tech-led selloff that deepened on Friday. The Standard & Poor’s 500 Index slipped 0.57 percent, while the Nasdaq Composite Index declined 2.00 percent. The Dow Jones Industrial Average fell 0.85 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, rose 0.85 percent.1,2 Early EnthusiasmThe AI trade got a fresh boost to kick off the week as one of the largest AI platforms filed for an initial public offering. Investors also appeared upbeat about one of the biggest weeks for Q3 corporate earnings results. Monday’s momentum extended into Tuesday’s session, while falling oil prices over both days added to investor enthusiasm.3 Then midweek, the Fed held rates steady as expected, which was met with mixed trading. But all three averages closed modestly higher on Wednesday. Over the first three days of the week, the Nasdaq rose more than 2 percent and the S&P 500 added more than 1½ percent.4 Thursday’s session opened on a down note following mixed Q3 corporate results from two of the largest tech giants. Despite a stronger-than-expected gross domestic product (GDP) report and the fact that seven out of the 11 S&P 500 sectors advanced, stocks remained under pressure throughout the day.5 Then Friday, the tech-led selloff deepened as traders appeared to favor more defensive sectors as the month closed out. The Nasdaq declined nearly 3 percent over the session.6 |
 |
Source: YCharts.com, October 31, 2026. Weekly performance is measured from Monday, October 26 to Friday, October 30. 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. |
Upbeat Q3 GDP ReportThe Fed’s decision last Wednesday to keep short-term interest rates unchanged was expected. But two Fed officials voted for raising rates, which was a bit of a surprise.7 Another surprise last week was news that the economy grew 3.4 percent in Q3, according to the Commerce Department’s initial estimate. That beat economists’ expectations of 3.1 percent growth but, more importantly, marked an acceleration from Q2, when GDP grew 2.2 percent.8 This Week: Key Economic DataMonday: Purchasing Managers Index (PMI)—Manufacturing. Construction Spending. Tuesday: Job Openings & Labor Turnover. Factory Orders. Wednesday: ADP National Employment Report (private sector). Trade Balance. PMI—Services. Thursday: Productivity and Costs. Weekly Jobless Claims. Friday: Employment Report. U. Michigan Consumer Survey. Consumer Credit. Source: Investor’s Business Daily - Econoday economic calendar: October 30, 2026. This Week: Companies Reporting EarningsMonday: Apple Inc. (AAPL), Palantir Technologies Inc. (PLTR), Vertex Pharmaceuticals Incorporated (VRTX), Marriott International, Inc. (MAR) Tuesday: Advanced Micro Devices, Inc. (AMD), Amgen Inc. (AMGN), Arista Networks, Inc. (ANET), Pfizer Inc. (PFE), Eaton Corporation (ETN), Marathon Petroleum Corporation (MPC), Booking Holdings Inc. (BKNG) Wednesday: QUALCOMM Incorporated (QCOM), McDonald’s Corporation (MCD), Uber Technologies, Inc. (UBER), CVS Health Corporation (CVS), McKesson Corporation (MCK), Datadog, Inc. (DDOG) Thursday: ConocoPhillips (COP), Cloudflare, Inc. (NET), Parker-Hannifin Corporation (PH), The Southern Company (SO), Airbnb, Inc. (ABNB), Duke Energy Corporation (DUK) Friday: Berkshire Hathaway Inc. (BRK.A/BRK.B) Source: Zacks, October 30, 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. |
 |
“Things are only impossible until they’re not.” – Captain Jean-Luc Picard (Patrick Stewart) |
 |
Better Ways to Measure Your HealthThe number on the scale tells only part of your health story. Try these approaches to get a fuller picture of your progress:
Tip adapted from Daily Burn9 Use AI to Declutter Your WritingEven experienced writers benefit from a second set of eyes. Paste any draft—an email, a report, a presentation—into an AI chat and ask it to identify sentences that are too long, jargon that could be simplified, or points that could be made more directly. Try the prompt: "Edit this for clarity and concision without changing my voice.” You may be surprised how much stronger your writing becomes with just a few targeted suggestions. Tip adapted from indisputably.org10 |
 |
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? Last Week's Riddle: I am a port city in Canada, a state in southeast Australia, a big lake in Africa, and a renowned queen. What is my name? Answer: Victoria. |
 |
 |
The Porch of the Caryatids Athens, Attica, Greece |
Footnotes And Sources1. WSJ.com, October 30, 2026 |
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. 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.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. The Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and considered a broad indicator of the performance of stocks of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.
Copyright 2026 FMG Suite.