Wall Street braces for tech earnings, midterms, and jobs report

Wall Street faces continued volatility next week as investors await major tech earnings, the midterm elections, and the monthly jobs report, following a turbulent week that saw the Nasdaq fall 2% and the S&P 500 drop 0.6%. Apple, AMD, and Palantir report earnings, with Cramer noting Apple's high valuation leaves little room for error. The midterm elections could threaten data center projects if political opposition delays construction, while the jobs report may ease inflation concerns if it shows strong hiring with limited wage growth. Cramer advises against calling a bottom in the Nasdaq, suggesting investors pick up quality companies at discounted prices. He also watches drugmakers Pfizer and Amgen, plus CVS Health, McDonald's, and Kimberly-Clark, which could benefit from investor rotation into consumer staples.