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Wall Street braces for more volatility amid AI concerns and key earnings reports next week

31 Oct 2026, 01:17 WIB
CNBC
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Neutral
Wall Street braces for more volatility amid AI concerns and key earnings reports next week

Wall Street is expected to remain volatile next week as concerns about AI spending pressure tech stocks. Investors await major earnings reports from Apple, AMD, and others, alongside the midterm elections and the monthly jobs report. CNBC's Jim Cramer advises caution, suggesting investors focus on high-quality companies despite market turbulence. Key events include Apple's earnings on Monday, the midterm elections on Tuesday, and the jobs report on Friday, all of which could significantly impact market direction.

As of Oct 31, 2026 05:32 WIB, Apple shares on Pluang trade at USD 344.95, close to their 52-week high of USD 348.91 but well above the 52-week low of USD 246.54. Despite the recent 1.13% drop in a day, Apple remains a major tech stock with a market cap of $5.09 trillion. Pluang data shows a higher sell interest at 62% compared to 38% buy, reflecting cautious sentiment ahead of key earnings and political events.

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