US Markets Highlights — Nov 1, 2026 | Aivina
November 1, 2026
US stocks experienced a sharp technology-led selloff to end October, driven by escalating AI capital spending concerns and disappointing corporate earnings guidance. Meanwhile, the Federal Reserve maintained interest rates at 3.75%–4.00% while acknowledging persistent inflation pressures. Risk sentiment turned bearish as market participants rotated out of high-valuation mega-cap tech holdings.
Highlights
- Tech shares slump
- Fed holds rates
- AI capex scrutinised
Macro Overview
Inflation
Inflation remains elevated above the Fed's 2% target due to rising energy costs and resilient consumer spending.
Interest Rate Outlook
The Fed kept rates steady at 3.75%–4.00%, though two hawkish dissents keep potential December rate hikes on the table.
Risk Sentiment
bearish
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