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Tech stocks fall despite strong Q3 earnings as investors eye rising costs and slower growth.

Market News
05 Nov 2026, 13:05 WIB
Seeking Alpha
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Bullish
Tech stocks fall despite strong Q3 earnings as investors eye rising costs and slower growth.

Despite strong Q3 earnings with many positive surprises, technology stocks have dropped sharply due to concerns over rising capital expenditures and slower revenue growth. This pullback has affected major companies like Alphabet, prompting investors to reassess valuations and distinguish between temporary dips and long-term issues. Meanwhile, sectors like Energy, Utilities, and Healthcare are gaining strength as investors seek stable dividends and clearer fundamentals. Historically, November tends to be a strong month for market gains, especially during midterm election years, suggesting potential for a broad market rally soon.

Alphabet Inc Class A (GOOGL) trades at USD 291.76 on Pluang as of Nov 05, 2026 18:12 WIB, showing a modest 1-day gain of 0.98%. Despite the article's note on technology sector pullbacks, GOOGL's order activity on Pluang is nearly balanced with 49% Sell and 51% Buy. Investors are watching how this stock performs in November, a month historically favorable for market gains during midterm election years.

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