Boston, November 2nd / PRNewswire / -- News and reviews indicate that at the opening of the first trading week of November, market attention shifted to federal employment data, the U.S. Treasury Department's quarterly refinancing announcements, and a new round of corporate financial reports. Last Friday, the S&P 500, the Dow Jones Industrial Average, the Nasdaq 100 Index, and the Russell 2000 Index all closed lower, with the Nasdaq 100 Index experiencing the largest decline. The agenda for the coming days includes federal labor data, Treasury Department quarterly refinancing announcements, and more company financial reports. Companies that have seen recent activity include Intel Corporation ( NASDAQ : INTC ), Reddit Inc . ( NYSE : RDDT ), Twilio Inc . ( NYSE : TWLO ), Sandisk Corporation ( NASDAQ : SNDK ), and Supermicro Semiconductor Corporation ( NASDAQ : AMD ).

Looking at the closing levels from Friday, the decline was not uniform. According to S&P Dow Jones Index data, the S&P 500 index closed at 7,580.07 points on October 30, down 1.82%; the Dow Jones Industrial Average closed at 51,770.31 points, down 1.09%. Nasdaq data shows that the Nasdaq 100 index fell 1,017.66 points, or 3.46%, to 28,384.85 points; the Nasdaq Composite Index fell 747.73 points, or 2.86%, to 25,437.00 points. Cboe data indicates that the Russell 2000 index closed at 2,811.84 points, down 47.38 points. After several major tech companies released their quarterly earnings on Thursday, October 29, their stock prices led the decline on Friday.

On Friday morning, new wage data was also released. The U.S. Bureau of Labor Statistics reported that in the three months ending September 2026, the cost of compensating private employees rose by 0.8% after seasonal adjustment, with wages and salaries increasing by 0.7% and benefits costs rising by 0.9%. Over the 12 months ending September, the cost of compensation increased by 3.4% year-on-year, unadjusted for seasonality. Two days prior to that, the Federal Open Market Committee maintained the federal funds target interest rate range at 3.75% to 4% with a vote of 10 to 2. Lisa D. Cook and Beth M. Harker favored an increase of 25 basis points, stating that inflation was still on the high side.

In terms of the futures market, the settlement data from CME Group on October 30th shows that the December E-mini S&P 500 futures contract closed at 7,614.00 points, down 140.25 points; the December E-mini NASDAQ 100 futures closed at 28,534.00 points, down 1,028.00 points; the December E-mini Dow Jones futures closed at 51,918 points, down 594 points; and the December E-mini Russell 2000 futures closed at 2,821.30 points, down 46.00 points. During the overnight Globex trading, there was a delay of at least 10 minutes in CME Group pricing, with the last update occurring between 12:49 and 12:50 a.m. Central Time on November 2nd, showing that the December E-mini S&P 500 futures were at 7,648.25 points, up 34.25 points, or 0.45%; the E-mini NASDAQ 100 futures were at 28,786.25 points, up 252.25 points, or 0.88%; the E-mini Dow Jones futures were at 52,085 points, up 167 points, or 0.32%; and the E-mini Russell 2000 futures were at 2,836.60 points, up 15.30 points, or 0.54%. The overnight levels may still change before the opening of the cash market.

The following schedule has also been arranged. The U.S. Bureau of Labor Statistics plans to release the September Job Vacancies and Labor Force Mobility Survey on Tuesday, November 3rd, at 10:00 a.m. Eastern Time; preliminary productivity and cost data for the third quarter will be released on Thursday, November 5th, at 8:30 a.m. Eastern Time; and the October employment report will be published on Friday, November 6th, also at 8:30 a.m. Eastern Time. In its refinancing statement on August 5th, the U.S. Treasury Department indicated that the next quarterly refinancing announcement would be issued on Wednesday, November 4th.

E-mini Contracts are traded almost around the clock, so changes in positions before the release of employment reports or refinancing announcements may be reflected on futures charts hours before the cash market opens. Stock Preachers explains how to identify these signals in their free guide Knowledge is Power, which can be found at usanewsgroup.com.

Other industry developments in the market this week include:

Intel Corporation ( NASDAQ : INTC )

Intel announced on October 29 that its revenue for the third quarter was $16.5 billion, a year-on-year increase of 21%; earnings per share attributable to Intel were $0.60, and earnings per share on a non-GAAP basis were $0.52. Revenue from data centers and artificial intelligence business grew by 78% to $7.3 billion; revenue from client computing and physical AI groups decreased by 5% to $8.1 billion. The company expects revenue for the fourth quarter to be between $15 billion and $16 billion, with earnings per share on a non-GAAP basis of $0.25. According to Stock Analysis data, Intel's stock price closed at $65.76 on Friday, a decrease of 28.58%.

Intel CEO Chen Liwu stated, "Our third-quarter results indicate that our execution capability is improving, and we have made substantial progress in expanding supply and advancing process technology."

Reddit Inc. ( NYSE : RDDT )

Reddit announced third-quarter revenue of $895 million on October 29, a year-on-year increase of 53%, of which advertising revenue was $847 million, up 54%; net profit was $283 million, with earnings per diluted share at $1.40. The number of daily active independent users increased by 12% to 130.3 million; in the United States, DAUq was 50.7 million, lower than the 51.6 million from the same period last year. The company expects fourth-quarter revenue to be between $1 billion and $1.03 billion, with adjusted EBITDA ranging from $480 million to $510 million. Its stock price closed at $91.73 on Friday, down 29.22%.

Reddit, the founder and CEO, Steve Huffman, stated: "Our business is growing because the experience provided by Reddit captures human real experiences in a way that other platforms cannot replicate."

Twilio Inc. ( NYSE : TWLO )

Twilio announced on October 29th that its revenue for the third quarter amounted to $1.56 billion, a year-on-year increase of 20%; organic revenue grew by 16%; non-GAAP口径 operating revenue was $325.7 million, a year-on-year increase of 39%. The net expansion rate in US dollars was 114%, higher than 109% in the same period last year. The company raised its revenue growth forecast for the fiscal year 2026 to 20%, from previously 18% to 18.5%, and provided a fourth-quarter revenue guidance of $1.595 billion to $1.605 billion. Twilio shares closed at $205.03 on Friday, down 15.24%.

Twilio CEO Khozema Shipchandler stated: "The third quarter was an outstanding one for Twilio, thanks to strict implementation and the broad and strong performance of our product portfolio."

Sandisk Corporation ( NASDAQ : SNDK )

Sandisk announced revenue of $11 billion for the first quarter of fiscal year 2027 on October 29, a 23% increase from the previous quarter; GAAP reported a net profit of $8.1 billion, or $52.60 per share; of which data center revenue increased by 61% to $4.802 billion. During this quarter, the company returned $5 billion to shareholders through the repurchase of approximately 3.2 million shares and announced a positive stock split of 1 for 8, with the adjusted trading expected to begin on November 20, 2026; at the same time, it provided revenue guidance of $12.2 billion to $12.6 billion for the second quarter of fiscal year 2027. Sandisk The stock price closed at $1,150.89 on Friday, down 13.47%.

Sandisk Chairman and CEO David Goeckeler stated: "We have begun the fiscal year 2027 with another strong quarter, as demand for our products remains robust and continues to grow, driving exceptional growth in our data center business."

Advanced Micro Devices, Inc. (NASDAQ : AMD)

AMD will announce its financial results for the third quarter of fiscal year 2026 after the close of U.S. markets on Tuesday, November 3rd, and will hold a conference call at 5 p.m. Eastern Time. On October 27th, the company emphasized its collaboration with Meta, stating that AMD Helios rack-level solutions are already in operation at Meta, AMD EPYC processors provide computing power for Muse AI agents of Meta, and AMD will invest $1 billion in equity financing for Meta. The stock price of AMD closed at $504.80 on Friday, a decrease of 10.88%.

AMD Chairman and CEO Lisa Su stated: "As Helios is now operational in Meta, we are taking this collaboration to a new level in the era of super intelligence."

The settlement price on Friday provided a fixed reference for futures traders. In the following week, there will be a series of data releases, ranging from job vacancy figures on Tuesday to the October employment report on Friday, with the Treasury Department's refinancing announcement in between. To track how the E-mini contract reacts to each of these data releases, you can obtain a free guide to Stock Preachers as well as the The Roadmap market report, available at usanewsgroup.com.

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This article is an independent news commentary. USA News Group is wholly owned and operated by Market Equities Limited (“MEL”), which is a company registered under Irish law. MEL has not received any compensation from any of the companies mentioned in this article. MEL and its owners, operators, directors, and related parties currently do not hold any shares in the companies mentioned in this article, but retain the right to buy or sell such shares at any time without prior notice. The index closing data for October 30, 2026, comes from S&P Dow Jones Indices (S&P 500, Dow Jones Industrial Average), NASDAQ (NASDAQ 100, NASDAQ Composite Index), and Cboe (Russell 2000). The futures settlement data for October 30, 2026, as well as the Globex overnight quotes from early November 2, 2026, come from CME Group; these quotes are at least 10 minutes delayed and may differ significantly from the actual situation at the time of release or when the U.S. cash market opens. The daily price change data for individual stocks on October 30, 2026, comes from Stock Analysis. Economic data and schedules are from the U.S. Bureau of Labor Statistics (employment cost index released on October 30, 2026, and its schedule for November 2026), the Federal Reserve's FOMC statement on October 28, 2026, and the U.S. Treasury Department's quarterly refinancing statement on August 5, 2026. Company performance, guidance, and scheduled dates are subject to the company's disclosures and may change. Information is sourced from company press releases and documents, government and industry data, published reports, and third-party data considered reliable, but no guarantee is provided for its accuracy. Investing in securities involves risks, including the possibility of losing part or all of the investment principal. This article is governed by Irish law.