Wall Street Posts a Fourth Straight Weekly Loss as S&P 500 Falls 2.7%; October CPI Up Next

U.S. stocks finished a volatile, election-driven week with losses on all three major indexes, the fourth consecutive weekly decline for each, even after technology shares recovered part of Thursday’s steep selloff in Friday’s session. Investors now face a week of inflation data that could shape expectations for a Federal Reserve rate hike in December.

Friday’s close

The Dow Jones Industrial Average fell 237.33 points, or 0.46%, to 51,285.73 on Friday, Nov. 6, according to MarketWatch. The S&P 500 rose 23.13 points, or 0.31%, to 7,376.86, and the Nasdaq Composite gained 264.43 points, or 1.09%, to 24,579.42. MarketWatch said the Nasdaq’s gains faded slightly near the closing bell.

The session followed the Labor Department’s report that employers added 165,000 jobs in October, well above the 59,000 economists had expected, according to MarketWatch. Treasury yields and the dollar rose after the data because it increased expectations of further Fed rate hikes, MarketWatch said.

Chipmakers led Friday’s rebound. UPI reported that Nvidia gained more than 3% after falling more than 9% on Thursday, Micron Technology rose 5% after a 17% drop, Advanced Micro Devices climbed 11%, Intel gained nearly 7% and Broadcom advanced more than 2%. The Cboe Volatility Index, often called Wall Street’s fear gauge, fell 9.23% to 25.58, according to Anadolu Agency.

The week’s scorecard

For the week, the S&P 500 lost 2.7%, the Nasdaq dropped 3.4% and the Dow fell 0.9%, UPI said. The swings were large in both directions. The Dow jumped about 1,500 points on Wednesday, the day after the midterm elections in which Democrats won control of both chambers of Congress, then gave all of that back on Thursday with a drop of more than 1,800 points, or 3.4%.

Thursday’s selloff was Wall Street’s worst since April 2025, CNBC reported. The S&P 500 fell 4.4% that day and the Nasdaq entered correction territory, more than 10% below its recent high. CNBC said the Magnificent Seven companies lost a combined $1 trillion in market value in that single session, including about $440 billion for Nvidia alone.

The selling centered on concerns over artificial-intelligence spending and the possibility of new limits on data-center construction after the election. UPI said several newly elected Democratic officials have called for greater oversight of the facilities, which use large amounts of electricity and water. President Donald Trump said Friday that he supports continued development of the technology and would work with states to encourage its expansion, according to UPI.

Retail investors joined in the selling. Citing Vanda Research, CNBC said Thursday was the biggest day of retail selling since the COVID-19 pandemic. The Cboe put/call ratio rose to 1.2 that day, double its average of about 0.6, according to Bob Lang, chief options analyst at Explosive Options. CNBC noted that the S&P 500 had topped 7,800 to reach record highs just last month.

Stocks overseas also ended lower. Anadolu reported that the pan-European STOXX Europe 600 fell 1.00% on Friday to 648.33, Britain’s FTSE 100 lost 1.01% to 10,673.94, Germany’s DAX dropped 1.92% to 25,820.36 and France’s CAC 40 declined 0.81% to 8,139.00.

What to watch next week

The main scheduled event is the October consumer price index, due at 8:30 a.m. ET on Tuesday, Nov. 10. According to early FactSet estimates cited by CNBC, headline CPI is expected to have risen 3.9% from a year earlier, up from 3.7% in the prior reading, while core inflation is expected to have cooled somewhat on a monthly basis. The October producer price index follows at 8:30 a.m. ET on Friday, Nov. 13.

Other releases on CNBC’s calendar include final September wholesale inventories on Monday, the NFIB small-business index on Tuesday, weekly jobless claims on Thursday and October existing-home sales at 10 a.m. ET on Thursday. New York Fed President John Williams is scheduled to speak on a panel Thursday morning.

Earnings season continues at a slower pace. Take-Two Interactive Software, Occidental Petroleum, KKR, NRG Energy, Constellation Energy and Skydance are scheduled to report on Monday, TransDigm Group on Tuesday and Applied Materials on Thursday. Nvidia reports later in the month. Citing FactSet’s John Butters, CNBC said S&P 500 companies are on track for 31% earnings growth in the third quarter.

Policy developments in Washington are also on the calendar. CNBC said investors are watching how the newly divided government handles spending on the Iran war, a dispute that could lead to a government shutdown before year-end. The Fed’s next rate decision is scheduled for Dec. 9.

Sources: MarketWatch, Nov. 6, 2026; UPI, Nov. 6, 2026; CNBC, Nov. 6, 2026; Anadolu Agency, Nov. 7, 2026.