The Nasdaq fell 2.9% Friday, its worst one-day drop since June 5, after Amazon and Intel plunged on earnings, dragging the broader market down. The S&P 500 lost 1.8% and the Dow fell 1.1%. For October, the Nasdaq tumbled 5.3% and the S&P 500 fell 0.9%, while the Dow gained 1.7%. Inflation worries and doubts about AI's market support drove the selloff. November is historically the S&P 500's strongest month, averaging a 2.3% gain, with the jobs report, Nvidia earnings, and a potential Anthropic IPO as catalysts. Risks include election-driven fiscal spending and potential slowdowns in data-center buildouts.
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