Big Tech Volatility Consumed Wall Street This Week

Market Overview - Tech sector was the biggest market mover, with the Nasdaq Composite experiencing its best single-day percentage gain since May, followed by a decline due to valuation concerns [1] - The Dow Jones Industrial Average closed above 48,000 for the first time, while both the Dow and S&P 500 are on track for weekly gains despite significant daily drops [2] Sector Performance - Chip stocks faced pressure from SoftBank's sale of its entire Nvidia stake for $5.83 billion and disappointing earnings from Kioxia [3] - Airline stocks were highlighted due to flight reductions and delays, while gold futures surged, pushing gold stocks toward recent record highs [3] Earnings Reports - Walt Disney reported disappointing revenue, leading to a sharp decline in shares [4] - Rigetti Computing also fell after missing revenue expectations, while BigBear.ai saw a surge following a mixed report and acquisition announcement [4] Upcoming Events - The White House indicated that October jobs and inflation data might not be released, but other economic data is scheduled for next week [5] - Nvidia's earnings report is highly anticipated, set to be released after the close on November 19, and Netflix announced a 10-for-1 stock split effective Monday [5]