Midterms, Jobs Data and Apple Earnings Test Wall Street This Week

Wall Street faces midterm elections, Friday’s jobs report and Apple earnings this week, as rate-hike bets and AI-spending doubts test stocks. The Nasdaq Composite fell 2% last week and posted its worst month since March 2025, according to BeInCrypto. The Fed held rates, with two of 12 voters backing a hike; economists expect October payrolls to add 55,000 jobs, while CME FedWatch priced an 84% chance of a December hike before the October decision. Democrats are expected to win the House Tuesday, with Senate control uncertain. Apple reports after Monday’s close; oil rose more than 10% in October and Kioxia fell about 14% Monday.