US week in review — Saturday, November 7, 2026

S&P 500 Falls 2.68% for the Week as Chip Stocks Drop 13% After Democrats Win Congress; AppLovin +71%

The S&P 500 fell 2.68% to 7,376.86 in the week to 6 November 2026, its worst week since June, after Democrats won the House and Senate and SOXX.US lost 13.13% on concern that the new Congress will slow the AI data center buildout. The Nasdaq fell 3.37% and energy (XLE.US) 12.00% as WTI dropped 12.76%. APP.US rose 71.21% and LITE.US fell 35.94%. October payrolls rose 165,000 against 65,000 expected, and October CPI is due on 10 November.