AI Cost Concerns Hit Tech Stocks as Fed Officials Signal More Tightening

A technology-led decline closed October, with the Nasdaq posting its worst month since March 2025 after earnings from Amazon and Intel raised questions about the cost of AI investment. Several Federal Reserve officials used the same session to argue that further rate increases may still be needed, even as Treasury yields fell.

Disclaimer: News content is based on public news sources and provided for information only. It does not constitute investment advice.

AI Cost Concerns Hit Tech Stocks as Fed Officials Signal More Tightening

Forexlive·10/30/2026, 21:38:16· forex

What Is Scheduled Next

The November 2–6 calendar is dense, starting with the U.S. ISM manufacturing report on Monday and ADP employment plus ISM services on Wednesday. Tuesday brings U.S. midterm elections, which determine control of the House and Senate and carry implications for taxes, spending and regulation, alongside the September JOLTS report. The Reserve Bank of Australia decides policy on Tuesday Australian time, with several major banks expecting a 25-basis-point move to 4.85%, and the Bank of England announces its decision and updated forecasts on Thursday. Friday's U.S. payrolls, unemployment and average hourly earnings figures arrive alongside Canada's employment report and preliminary University of Michigan sentiment, all of which feed directly into how officials weigh the inflation outlook. Based on public news sources.

AI spendingFederal ReserveNasdaqTreasury yieldsEarnings

Frequently asked questions

What economic data is due in the week ahead?▾

The week of November 2–6 includes U.S. midterm elections on Tuesday and the September JOLTS report, plus ISM manufacturing on Monday and ADP employment and ISM services on Wednesday. Friday brings U.S. payrolls, unemployment and average hourly earnings alongside Canada's employment report and preliminary University of Michigan sentiment. The Reserve Bank of Australia decides policy on Tuesday Australian time, with several major banks expecting a 25-basis-point move to 4.85%, and the Bank of England announces its decision on Thursday.

How did bitcoin trade during the session?▾

Bitcoin traded at $76,803, down 1.27%, against a backdrop of broad weakness in risk assets. The report also cited concerns surrounding a reported Binance security breach, with exchange-security anxiety and leveraged liquidations described as additional sources of pressure. Falling Treasury yields offered little support for crypto prices during the session.

Key takeaways

What Is Scheduled Next

Common mistakes to avoid

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AI Cost Concerns Hit Tech Stocks as Fed Officials Signal More Tightening

What Is Scheduled Next

Frequently asked questions

Key takeaways

Common mistakes to avoid

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What Is Scheduled Next

Frequently asked questions

Key takeaways

Common mistakes to avoid

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