Finance
📊 Market Recap · Nov 6Nasdaq and S&P 500 bounce as chip stocks recover; Dow slips after hot jobs report — November 6, 2026Read →S&P 500 Falls 2.7% for the Week; Nasdaq Gains 1.09% Friday but Logs Fourth Straight Weekly Loss
Chip stocks bounced on Friday, November 6, after Thursday's post-midterm sell-off. A strong jobs report raised bets on a Fed rate hike, and the Dow fell 0.46%.
U.S. Added 165,000 Jobs in October, Above Forecasts of 59,000 to 70,000; Unemployment Rate Dips to 4.1%
Job gains for August and September were revised up by a combined 84,000 and hourly pay rose 0.4% in October. Treasury yields rose, and futures-market odds of a December Fed rate increase climbed to roughly 75% to 80%.
U.S. Oil Falls 8.3% to About $88 a Barrel as Midterm Results Feed Hopes for an Iran Deal
Brent and WTI crude each fell more than 8% on Wednesday, Nov. 4, as traders bet the election result raises the odds of a deal with Iran; prices recovered slightly on Thursday, and Washington and Tehran still had not agreed on Qatar's plan to reopen the Strait of Hormuz.
Dow Gains 1,569 Points, Its Best Day Since April 2025, as Stocks Rise and Oil, Yields and the Dollar Fall the Day After Democrats Win Congress
The S&P 500 rose 1.58% on Wednesday as Democrats took both chambers and President Trump said he accepted the results. Sources disagree on how broad the rally was, and Friday's October jobs report is next.
AMD Shares Rose Roughly 5% to 9% After Hours Tuesday on Q3 Revenue of $13.38 Billion and a Fourth-Quarter Guide of About $17 Billion
Data center sales rose 97% while client and gaming revenue fell 8%. The report came after a chip-stock selloff last week, and Qualcomm, Arm and AppLovin report Wednesday.
Dow Rises 0.41%, Nasdaq Falls 1.07% Before Midterms; Apple and Palantir Shares Drop After Topping Estimates
A 7.63% drop in Brent crude lifted the Dow on Monday while tech stocks fell. Apple and Palantir both beat quarterly estimates, but their shares slid after hours and before Tuesday's open on worries about Apple's profit margin and Palantir's contract growth.
Binance Reports $4.7 Billion in Net Withdrawals After Reopening Following $6.3 Billion Hack the FBI Attributes to North Korea
Binance says it covered most of the stolen crypto with its own money. Reports differ on whether that share is 90% or 95%, and its proof-of-reserves report is due Tuesday, Nov. 3 (UTC), after a delay.
Treasury Sells $39 Billion of 10-Year Notes at 5.30%, Highest Auction Yield Since 2000; Market Yield Slips From 2002 High
After the Oct. 7 auction drew more bids than usual, the 10-year yield fell back to about 5.29% from an intraday 24-year high. By Thursday morning yields were climbing again after a Fed governor said more rate hikes are needed.
Week Ahead: Midterm Elections, Apple and Palantir Earnings, ISM Data and Friday's October Jobs Report Follow a Third Straight Weekly Drop for the S&P 500 and Nasdaq
Forecasts for October job growth run from 45,000 to 65,000, and 55,000 is one figure among several. The Nov. 6 report comes out three days after Tuesday's election, and CNBC counts 138 S&P 500 companies reporting earnings this week.
U.S. Average Diesel Price Reaches $6.06 a Gallon on Sept. 11, a Nominal Record; California Averages $7.98
AAA's national diesel average topped $6 for the first time in nominal dollars as the U.S.-Iran war, the closure of the Strait of Hormuz and strikes on Russian refineries squeeze global diesel supply; adjusted for inflation, the 2022 and 2008 peaks were higher.
Oil Jumps About 8% After U.S.-Saudi Airstrikes in Iraq, Then Gives Back Part of the Gain
Brent crude settled at $90.74 a barrel on July 29 after joint U.S.-Saudi strikes on Iran-aligned forces in Iraq, as traders weighed threats to Gulf export routes and Iraq's government called the strikes a violation of its sovereignty.
JPMorgan Estimates Mideast Crude Exports at 98% of Pre-War Levels as Saudi Bypass Pipeline Runs at About Half Capacity
Saudi Arabia has brought its East-West pipeline back to roughly 3.5 million barrels a day after a September drone strike, and JPMorgan analysts say regional crude shipments are nearly back to normal, though Brent crude still closed above $100 on Sept. 29 and refined-fuel exports lag behind.