Benzingaยท2025-11-07 06:08Market Sentiment - The CNN Money Fear and Greed index increased to 23.6, indicating a shift to the "Extreme Fear" zone from a previous reading of 30.2 [5][6] - U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 400 points, reflecting a risk-off sentiment particularly affecting AI-linked stocks and crypto markets [1] Earnings Reports - Robinhood Markets Inc. (NASDAQ:HOOD) saw a decline of more than 10% despite beating Wall Street expectations, continuing a trend where strong earnings lead to weak stock price reactions for high-flying stocks like Palantir Technologies Inc. (NYSE:PLTR) and Advanced Micro Devices Inc. (NASDAQ:AMD) [2] - Qualcomm Inc. (NASDAQ:QCOM) also exceeded estimates but fell approximately 4% due to management's guidance of slightly weaker licensing revenue [2] Employment Data - U.S.-based employers announced 153,074 job cuts in October, a significant increase from 54,064 in the previous month, indicating potential economic challenges [3] Sector Performance - Most sectors in the S&P 500 closed negatively, with communication services, consumer discretionary, and information technology stocks experiencing the largest losses, while energy and health care stocks performed better, closing higher [3]