US Job Growth Revised Down, Non-Farm Payrolls May Decrease by 79,000

WEEX’s weekly recap covers AI spending, technology earnings, crypto assets, and oil. Tech stocks rebounded before selling off sharply: SpaceX results briefly lifted AI sentiment, while Meta, Tesla, and Lam Research drew mixed reactions. The Nasdaq then dropped, BTC retreated toward $81,000–$82,000, oil climbed, and gold and silver weakened.

At the October 22 close, the Nasdaq fell about 2.6%, its steepest daily decline since June. Investors reassessed the potential returns on heavy AI investment, while spending commitments from companies such as Meta added to credit concerns. Risk aversion pushed long-bond yields lower, while Brent and WTI reached roughly five-month highs, with WTI nearing $100 a barrel. Bitcoin hovered around $81,000–$82,000, while gold and silver also weakened. Today’s pre-market focus is AXP and SLB earnings.