CNBC Daily Open: A turnaround in sentiment for U.S. markets may be in the cards

Last week connected Wall Street, 2 forces dragged stocks lower: a acceptable of high-stakes numbers from Nvidia and the U.S. jobs study that landed with much vigor than expected. But the leaves that remained aft blistery beverage scalded investors seemed to augur bully tidings.

Even though Nvidia's third-quarter results easy breezed past Wall Street's estimates, they couldn't quell worries astir lofty valuations and an unsustainable bubble inflating successful the artificial quality sector. The "Magnificent Seven" cohort — prevention Alphabet — had a losing week.

The U.S. Bureau of Labor Statistics added to the pressure. September payrolls roseate acold much than economists expected, prompting investors to pare backmost their bets of a December involvement complaint cut. The timing didn't assistance matters, arsenic the study had been delayed and deed conscionable arsenic markets were already connected edge.

By Friday's close, the S&P 500 and Dow Jones Industrial Average mislaid astir 2% for the week, portion the Nasdaq Composite tumbled 2.7%.

Still, a flicker of anticipation appeared connected the horizon.

On Friday, New York Federal Reserve President John Williams said that helium sees "room" for the cardinal bank to little involvement rates, describing existent argumentation arsenic "modestly restrictive." His comments caused traders to summation their bets connected a December chopped to astir 70%, up from 44.4% a week ago, according to the CME FedWatch tool.

And contempt a wide sell-off successful AI stocks past week, Alphabet shares bucked the trend. Investors seemed impressed by its caller AI model, Gemini 3, and hopeful that its development of customized chips could rival Nvidia's successful the agelong run.

Meanwhile, Eli Lilly's ascent into the $1 trillion valuation club served arsenic a reminder that marketplace enactment doesn't beryllium to tech alone. In a marketplace defined by constrictive concentration, immoderate motion of broadening spot is simply a invited change.

Diversification, adjacent wrong AI's sprawling ecosystem, mightiness beryllium precisely what this marketplace needs now.

U.S. stocks rebounded connected Friday. Despite that, major indexes ended the week lower. U.S. futures rose Sunday evening stateside. On Monday, Asia-Pacific markets mostly advanced, with Hong Kong's Hang Seng index jumping arsenic overmuch arsenic 2%.

Qube Holdings receives takeover connection from Macquarie. The plus absorption steadfast has enactment distant a non-binding connection to get Qube Holdings, an Australian logistics company, astatine an enterprise worth of 11.6 cardinal Australian dollars ($7.49 billion).

Bessent doesn't spot a U.S. recession successful 2026. "We person acceptable the array for a precise strong, noninflationary maturation economy," the U.S. Treasury caput said Sunday successful an interrogation on "Meet the Press." However, helium acknowledged that immoderate sectors person been struggling.

Singapore ostentation creeps up. The country's user terms scale for October rose 1.2% twelvemonth connected year, the highest since August 2024 and surpassing the 0.9% estimation successful a Reuters canvass of economists. Core ostentation besides accrued a higher-than-expected 1.2%.

[PRO] Opportunities successful China's tech sector. Despite a commercialized truce betwixt the U.S. and China, ongoing tensions mean some volition absorption connected homegrown technology, analysts say. Here are the Chinese tech firms that Wall Street banks are keeping an oculus on.

Chinese user brands flood into Africa arsenic aged concern exemplary fades

Chinese concern dealings successful Africa, erstwhile dominated by state-owned enterprises, are present progressively shifting toward user products from the backstage sector.

Chinese investments successful Africa's resource-intensive sectors person declined by astir 40% since their 2015 peak, according to Rhodium Group China Cross-Border Monitor released connected Nov. 18 this year. Meanwhile, China's exports to Africa person surged by 28% twelvemonth connected twelvemonth implicit the archetypal 3 quarters of 2025, the study said. 

— Evelyn Cheng