Global Trade
November 2, 2026
Edward Meir's week in review and thoughts for the week of Nov. 2, 2026
Written by Edward Meir
Tremors are appearing in portions of the US equity markets, with high-flying AI and tech names coming under considerable pressure last week. The S&P 500 declined 0.6%, and the Dow lost 0.9%. But the NASDAQ ended down 2%. In fact, at one point, the NASDAQ was off by nearly 10% from its all-time early October high, bringing it briefly into correction territory. The S&P 500 and the NASDAQ logged monthly losses in October as well. The Dow eked out a gain.
The reason behind the selling is growing investor concern about the enormous capital expenditures associated with AI buildouts. Markets are getting nervous about never-ending expansion plans and the amount of debt needed to see these projects to fruition.
