Stock Market Weekly update -Nov 8, 2026
Rocky week in the markets as the Nasdaq100 dumped on Thursday, along with the other indexes, two days after the Midterm elections where Democrats took both the House & the Senate. The Semis dropped for a 5th week and are now well below the 200 day moving average, likewise for the Nasdaq100. XLE also pulled back (Energy) as Oil dropped. APP, ABNB popped on earnings, while TEAM, AXON dropped. BAC dropped for a 7th week. On the flip side, V, MA, continued up for a 5th week hitting all time highs again. Long term Rates have dropped for 5 weeks! Market breadth improved for a 5th week despite the falling indexes. Nasdaq rebounds 1% following worst session in 18 months as traders snap up tech shares Democrats usher in a new era with their resounding sweep of the House and the Senate NYSE and Nasdaq Move to 23-Hour Trading Day CFTC Clears First Stock Perpetual Futures for Trading on US Exchanges The week ahead: 5th week of earnings, CPI & PPI this week Sc...