The S&P 500 declined last week, led by technology stocks dropping due to investor worries about heavy AI investments. Meanwhile, energy stocks surged, supported by rising crude oil prices and escalating Middle East tensions. Heavy industry benefits from AI capital spending and defense investments, offsetting weak consumer demand and housing market declines. The S&P 500 faces short-term bearish pressure with key support at 7,500 and resistance at 7,800, leaving its near-term direction uncertain until these levels are decisively broken.
The S&P 500 price forecast amid AI spending concerns provides context for recent market activity. For readers following US stocks on Pluang as of Oct 31, 2026 13:51 WIB, breadth showed 47 rising and 103 falling among 150 priced stocks. Notably, QCOM fell 11.11% with 86% sell orders, contrasting with AMD's smaller 10.85% drop but a majority 56% buy order activity, while COIN declined 10.77% with 69% buy orders, reflecting varied investor sentiment and holding periods between 80 and 93 days.
Novartis is rated Hold with a 12-month price target of $141.81, suggesting a 12% downside from current levels. The company faces near-term challenges on some products, but its drug development pipeline could support growth over the longer term. Valua...
Celestica has raised its FY2026 guidance for the fourth time, reflecting strong growth driven by its role as a key AI and networking supply chain partner. The company is expanding global capacity and securing multi-year partnerships with hyperscalers...
Bitcoin dropped only about 4% following Binance's record $6.4 billion hack, a much smaller decline than the nearly 11% fall during a 2018 attack. This limited impact reflects the crypto market's growth, the rise of Bitcoin ETFs that isolate holders f...
Crypto analyst JD highlights a potential drop zone for XRP between $0.75 and $0.85 if bullish momentum fails within a multi-month falling wedge pattern on the weekly chart. This area is JD's next buy target if reached. The chart shows previous signif...
In the latest 24-hour crypto market update, Bitway (BTW) experienced the steepest drop, falling 20.65% to $1.18, continuing its downward trend from the previous day. Conversely, Stacks (STX) led gains with an 8.50% rise to $0.301. Other notable mover...
