Friday, November 6, 2026 | US Market Top News
US stocks were mixed approaching midday on Friday as a rebound in chip shares helped lift the Nasdaq and S&P 500 while the Dow lagged. The October jobs report showed stronger hiring and lower unemployment, pushing Treasury yields higher and reviving bets on a December rate increase. Bitcoin slipped even as technology stocks recovered, and prospective investors pressed for a lower valuation in Anthropic’s planned IPO.
US Hiring Accelerates as Unemployment Falls
October payroll growth exceeded expectations by a wide margin, and revisions showed employers had added more jobs in August and September than initially reported. Professional and business services accounted for a sizable share of October’s gains. Unemployment fell even as more people entered the workforce, while monthly wage growth picked up.
| Labour market measure | October reading | Comparison |
|---|---|---|
| Nonfarm payrolls | +165,000 | +60,000 in September, revised |
| Unemployment rate | 4.1% | 4.2% in September |
| Average hourly earnings | +0.4% | Month on month |
| August and September payroll revisions | +84,000 | Combined upward revision |
Treasury Yields Rise as December Rate Bets Firm
Short-term Treasury yields moved higher after the jobs release as traders increased bets on a December rate rise. Earlier on Friday, New York Fed President John Williams said inflation remained too high and stressed the need to keep current price shocks from spreading through the economy. He gave no timetable for the next policy move.
Also Read: AI Chip Stocks Fall: Why Nvidia, AMD and Broadcom Face a Tougher Market Despite Long-Term Growth
| Post-report measure | Reading |
|---|---|
| Two-year Treasury yield | 4.52%, up 6 basis points |
| Ten-year Treasury yield | 4.87%, up 3 basis points |
| Market-implied odds of a December quarter-point hike | About 80% |
Chip Stocks Rebound After a Bruising Asian Session
Nvidia and Micron helped lead the US technology rebound, but more S&P 500 constituents fell than rose in late-morning trading. The contrast was sharper overseas, where Tokyo and Seoul had already suffered steep losses following Thursday’s US selloff. Friday’s US recovery was concentrated in some of the same names that had been hit hardest.
Consumer Sentiment Improves as Inflation Expectations Ease
Early November consumer sentiment improved as households marked down their expectations for inflation. The gain was uneven. Sentiment weakened among respondents with the largest stock portfolios, and some households raised concerns about a possible AI bubble. The interviews ended before Election Day, placing the improvement ahead of the vote.
| Survey measure | November preliminary | October |
|---|---|---|
| Consumer sentiment | 51.0 | 48.0 |
| Year-ahead inflation expectations | 4.3% | 4.7% |
| Five-year inflation expectations | 3.4% | 3.5% |
Anthropic IPO Investors Push Back on Valuation
Prospective investors are pressing for a more attractive valuation and questioning whether Anthropic can begin its roadshow next week, according to people familiar with the talks. The timing remains under discussion. The pushback gives the planned listing a broader role as a test of what public investors will pay for a major AI company after a sharp selloff in listed peers.
| IPO discussion | Figure |
|---|---|
| Valuation recently discussed with investors | $1.5 trillion |
Lam Research Rallies After Buyback Authorization
Lam Research rose Friday after its board approved a fresh share repurchase authorization late Thursday. The semiconductor equipment maker said the program adds to the unused balance under its previous authorization, giving it more room to repurchase shares over time.
Also Read: US Stock Market Top News Today, November 5: AI Pressure, Fresh Jobs Data and Robotics Deals
| Capital return measure | Amount |
|---|---|
| New buyback authorization | Up to $25 billion |
| Quarterly dividend | $0.33 per share |
Shield AI Agrees to Buy Radar Maker Echodyne
Shield AI’s agreement to buy Echodyne adds radar hardware to its defence technology business. The deal, announced Thursday and in focus Friday, brings together autonomous systems and radar used to detect drones. Part of the purchase price depends on Echodyne meeting performance targets.
| Deal measure | Amount |
|---|---|
| Total transaction value | $5.3 billion |
| Consideration at closing | $4.8 billion |
| Contingent payment | Up to $500 million |
| Financing package | $2.5 billion |
Crude Oil Heads for a Sharp Weekly Loss
Oil futures edged higher in early US trading but remained on course for steep weekly declines. A ship manager said Friday that a crew member had been killed in an explosion aboard a products tanker in the Gulf the previous day. The incident kept shipping risks in focus even as traders weighed the possibility of more Middle Eastern crude reaching the market if the conflict eases.
| Crude futures, 8:46 a.m. ET | Price per barrel | Friday move |
|---|---|---|
| Brent, January contract | $98.55 | +0.3% |
| US WTI | $91.09 | +0.6% |
Bitcoin Slips as Spot ETF Withdrawals Mount
Bitcoin fell to its lowest level since August during Friday trading as spot ETF withdrawals added pressure. The move diverged from the rebound in US chip shares, and crypto-linked equities were mixed, with Strategy and Circle among the decliners.
| Crypto market measure | Reading |
|---|---|
| Bitcoin’s Friday intraday low | Below $75,000 |
| US spot Bitcoin ETF net outflows on Thursday | More than $430 million |
Disclaimer: This article is for educational and informational purposes only and does not constitute financial, investment or trading advice. Onetrader is not registered with SEBI as an investment adviser or research analyst. Nothing in this article is a recommendation to buy, sell or hold any security. Investments involve risk, and market conditions can change.
Also Read: US Top Earnings Today, November 4, 2026: AI Growth, Healthcare Recovery and Industrial Strength
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