US elections, earnings, jobs data test AI-wary stock market
US stock investors face a turbulent week ahead as midterm elections, major corporate earnings, and the October jobs report test markets already shaken by setbacks in the AI trade, which dragged the S&P 500 down 1.8% on Friday. Disappointing results from Alphabet and Amazon, plus a 29% plunge in Intel shares, intensified concerns over AI investment returns. Apple, AMD, and Palantir report next week, while Tuesday's elections could reshape AI regulation and data-center policy. A Democratic sweep might bring stricter scrutiny of tech and banks, though analysts note the market's breadth remains strong, with energy and defensive sectors posting gains. The jobs report Friday will offer a key read on economic health.