S&P 500, Dow Jones, and Nasdaq 100 Outlook: Top Drivers for US Stocks This Week

Key takeaways

• Tech earnings,
  Fed

  The Federal Reserve — the US central bank that influences interest rates and money conditions.

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  policy, jobs data, and political outcomes are the key drivers for US stocks this week, with potential upside or downside depending on how these catalysts play out.
• Dow dropped 5.35% from year‑to‑date high
• S&P 500 fell 3.27%
• Nasdaq 100 fell 9.57%

What happened

The S&P 500, Dow Jones, and Nasdaq 100 have pulled back over the past few weeks as investors rotate out of their artificial intelligence bets. The Dow has dropped 5.35% from its year‑to‑date high, while the S&P 500 and Nasdaq 100 have fallen 3.27% and 9.57%, respectively. The pullback followed a week of earnings from major tech names and the Federal Reserve’s decision to keep interest rates unchanged at 3.75%‑4.00%. Upcoming earnings from Apple, Palantir, AMD, and Arm, the October non‑farm…

Why it matters

Earnings from the Magnificent 7 and other large caps are shaping investor sentiment and providing clues about corporate profitability in a high‑rate environment. The

Short-term and longer-term

Short-term. Over the next few days, traders should watch the earnings releases from Apple and Palantir for clues on AI revenue growth.

Longer-term. For investors looking ahead, the earnings season will refine expectations for tech profitability and AI investment.