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Nasdaq 100 drops 7% in October as investors shift to defensive sectors; key conferences ahead to set market tone.

Market News
04 Nov 2026, 19:00 WIB
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Bearish
Nasdaq 100 drops 7% in October as investors shift to defensive sectors; key conferences ahead to set market tone.

In October, the Nasdaq 100 fell 7% as investors moved away from AI and tech stocks toward defensive sectors like Health Care and Consumer Staples, which reached record highs. This shift reflects concerns over rising borrowing costs and negative real income trends that may impact holiday spending. Upcoming conferences featuring major companies like Microsoft and NVIDIA will be crucial for setting market expectations for 2027. Investors are closely watching capital expenditure trends and consumer health amid ongoing economic uncertainties.

Mid-Q4 investor conferences update as of Nov 05, 2026 00:21 WIB provides context for market participants. For readers following Technology-sector US stocks on Pluang, here is the market snapshot: out of 150 priced stocks, 78 rose and 72 fell today. Notable movers include CDW Corp. with a price of USD 166.83 and a 1-day change of +11.39%, Credo Technology Group Holding Ltd at USD 135.00 down -10.54%, and DigitalOcean Holdings Inc at USD 81.36 down -10.10%.

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