Nasdaq Slide and AI Stock Weakness

MRKT Matrix - Friday, November 7th

• Nasdaq falls again on Friday, putting it on track for worst week since April (CNBC)
• Democrats Trim Shutdown Demands as Travel, Food Aid Delays Hit (Bloomberg)
• Shutdown means another missed jobs report Friday. Here’s what it probably would have shown (CNBC)
• Consumer Sentiment Falls Toward Record-Low Levels (WSJ)
• Chinese Exports Unexpectedly Slump for First Time Since February (Bloomberg)
• Altimeter’s Brad Gerstner says market pullback is healthy, sees no bubble in tech (CNBC)
• S&P 500 Earnings Season Update (FactSet)
• An analyst worries OpenAI will miss its ‘extravagant’ spending commitments. These stocks would be the most vulnerable (CNBC)
• Microsoft to Pursue Superintelligence After OpenAI Deal (Bloomberg)
• The AI Revolution Is an Afterthought for Phone Buyers (Bloomberg)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs