US technology shares fell sharply, with the tech sector dropping 4.2 per cent on Friday and pulling the S&P 500 down 1.8 per cent. The tech sector slid 6.8 per cent in October, its steepest monthly fall since March 2025, though nine of the index's 11 sectors gained and the benchmark ended the month down less than 1 per cent. Disappointing results from Alphabet, Amazon and Intel added to the pressure on the AI trade. BofA Global Research economists call a sustained correction in AI stocks a major risk to the global economy. Tech makes up 38 per cent of the S&P 500.
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3 stories since 27 October 2026, newest first
2 November 2026
29 October 2026
Americans vote on Tuesday, 3 Nov, in midterm elections that will fill all 435 House seats and 35 Senate seats. More than 53 million people had already cast early ballots, a midterm record, according to Dawn. Democrats lead Republicans by 7.8 percentage points among likely voters in the Call the Map polling average. Republicans hold 218 House seats and Democrats 214, with two vacancies. The Senate stands at 53 Republicans and 47 Democrats.
27 October 2026
Anthropic, the San Francisco AI company, filed its S-1 registration statement with the US Securities and Exchange Commission on Monday, 26 Oct, opening the path to an initial public offering. DW reports the listing could come as early as November, with shares planned for Nasdaq under the ticker ANT. Analysts estimate a valuation of $1.5 trillion to $2 trillion, up from $965 billion in May, according to Euronews. The company reported first-half 2026 net losses above $80 billion against revenue of about $16.3 billion. The filing runs 335 pages.