Qualcomm plunged approximately 10% after disappointing smartphone-chip sales, while Nvidia, Marvell and Intel weakened amid continued concerns about AI spending and potential restrictions on data-center construction. AppLovin advanced following stronger-than-expected earnings, while Snap and Fair Isaac declined after disappointing results. Major earnings include ConocoPhillips, Parker-Hannifin, Duke Energy and Southern Company before the opening bell, followed by Monster Beverage and EOG Resources after the close. Today's economic calendar features Challenger Job Cuts at 7:30 AM ET, followed by weekly jobless claims and third-quarter productivity and unit labor costs at 8:30 AM ET. Investors are also preparing for Friday's October Employment Report at 8:30 AM ET, a major catalyst for Federal Reserve policy expectations. The 10-year Treasury yield hovered near 4.87%, while markets priced approximately a 79% probability of a December Fed rate hike. Fed commentary, labor-market data, AI infrastructure regulation, semiconductor earnings, Treasury yields, oil prices and post-election policy expectations remain today's primary market catalysts. 05-NOV-2026 06:38 AM ET