Nasdaq Crashes 748 Points! AI Selloff, Fed Warning & Election Week | Street Brief
🚨 WALL STREET'S HALLOWEEN SELL-OFF: NASDAQ PLUNGES 748 POINTS AS OCTOBER ENDS!Technology stocks are getting crushed, Wall Street is questioning the billions being poured into artificial intelligence, and investors are preparing for a potentially explosive first week of November.In this special October 30, 2026, month-end edition of the Biz Talk Today Street Brief, host and narrator Todd M. Schoenberger, President and CEO of CrossCheck Media Inc., breaks down the day's market losses, October's final performance, major corporate earnings, Federal Reserve uncertainty, and the economic reports that could determine Wall Street's next move.📉 WALL STREET'S OCTOBER SHOCKThe Nasdaq Composite plunged nearly 748 points, or 2.86%, on Friday, as technology shares suffered another punishing session.The Dow Jones Industrial Average lost 572 points, while the S&P 500 dropped 140 points.But October's final numbers tell an even more revealing story:Dow Jones: +1.7% for OctoberS&P 500: −0.9% for OctoberNasdaq Composite: −5.3% for OctoberWhy did the Dow manage to finish higher while technology stocks suffered substantial losses?Todd examines the growing rotation across Wall Street and why investors are becoming increasingly selective about where they put their money.🤖 THE AI SPENDING PROBLEMIs Wall Street finally losing patience with the artificial intelligence boom?Intel shares plunged nearly 29% following a disappointing profit outlook, while Amazon, Alphabet, and Microsoft faced scrutiny over earnings, valuations, and enormous AI investment commitments.The big question: When will hundreds of billions in AI spending produce the financial returns investors expect?💰 CORPORATE EARNINGS: BETTER THAN THE HEADLINES?Despite the technology selloff, broader corporate earnings have remained resilient.Todd discusses reported third-quarter earnings results showing that 82% of 299 reporting S&P 500 companies exceeded analysts' expectations.Could strong corporate profits prevent the market's recent weakness from developing into something more serious?🛢️ OIL PRICES, ENERGY STOCKS & THE FEDERAL RESERVEBrent crude traded above $110 a barrel during Friday's session, while West Texas Intermediate moved above $100.Todd explains why rising energy prices are benefiting companies such as ExxonMobil and Chevron while creating additional pressure for consumers, transportation companies, and the broader economy.Meanwhile, the Federal Reserve has held interest rates steady, but inflation concerns and the possibility of future rate increases remain central to Wall Street's outlook.₿ CRYPTOCURRENCY SECURITY WARNINGTodd also discusses a reported multibillion-dollar Binance cyberattack and its implications for Bitcoin, digital assets, and investor confidence in cryptocurrency security.🗳️ NEXT WEEK: MIDTERMS, APPLE, AMD & THE JOBS REPORTNovember begins with a series of major potential market catalysts.Monday, November 2: ISM Manufacturing Index and Apple earnings.Tuesday, November 3: U.S. midterm elections, JOLTS job openings data, and earnings from AMD and Pfizer.Wednesday, November 4: ADP private-sector employment report, ISM Services Index, and earnings from Qualcomm and Novo Nordisk.Thursday, November 5: Weekly unemployment claims.Friday, November 6: October employment report, including nonfarm payrolls, unemployment, and wage growth.Todd explains why wage inflation may be the most important number in Friday's employment report, particularly as investors assess the Federal Reserve's next interest-rate decision.📺 STAY CONNECTED WITH CROSSCHECK MEDIASubscribe to the CrossCheck Media YouTube channel for Wall Street reporting, market commentary, economic analysis, and exclusive interviews.Also explore the growing CrossCheck Media family:Biz Talk Today TV — Business, finance, economics, and public affairs.CityScope Network — Original reporting and perspectives from communities around the world.FOGO Sports Network — Sports coverage for fans. Fans On. Game On.