Midterms, Jobs Data and Apple Earnings Test Wall Street This Week

What happened

Wall Street faces Tuesday’s midterm elections, Friday’s jobs report and Apple’s earnings after Monday’s close. The Federal Reserve held rates, while two of its 12 voters supported a hike; economists expect 55,000 October payroll additions. The Nasdaq fell 2% last week and had its worst month since March 2025.

Confirmed

Global impact / market context

The jobs report may shift expectations for interest rates: stronger hiring could reinforce bets on a rate increase, while weaker hiring could reduce them. Higher borrowing costs can raise company expenses and weigh on stock valuations; Apple’s results may also test concerns about spending on artificial intelligence.

Analyst inference

The article describes a tense backdrop: the Nasdaq fell 2% last week, oil rose more than 10% in October, and Kioxia dropped about 14% Monday. Before October’s jobs data, markets priced an 84% chance of a December rate hike, though the election outcome remained uncertain.

Confirmed

What to watch

1. Friday’s October jobs report is expected to show 55,000 payroll additions. Compare the result with that forecast, since hiring data may shift expectations for a December rate increase. Confirmed
2. Apple reports after Monday’s close. Look for results or comments addressing artificial-intelligence spending, because the article identifies doubts about that spending as a test for stocks. Confirmed
3. Tuesday’s election may leave Senate control uncertain, while Democrats are expected to win the House. Any change in rate expectations or investor caution is a possible market consequence, not a reported outcome. Analyst inference

Evidence

• binance.com