US Stock Market prediction: S&P 500, Nasdaq, Dow Jones look to start in positive, check factors that will drive Wall Street

US Stock Market indexes S&P 500, Nasdaq, and Dow Jones will look to start the week on a positive note even as investors' sentiments remain mixed. On Friday, S&P 500 climbed 23 points, or 0.32 per cent, to end the session at 7,376.86 points. The Nasdaq gained 264 points to 24,579.43 points, while the Dow Jones Industrial Average declined 237 points, or 0.46 per cent, to 51,285.73 points.

Technology stocks bounced back on Friday from their worst drubbing in more than a year, but the Nasdaq Composite Index posted a fourth consecutive weekly decline as investors sifted for clues about what comes next in the AI trade.

With volatility rising, tests for the market arrive next week. On Tuesday, the government will release the monthly consumer price index report, perhaps the most closely watched inflation measure. Earnings reports are due from tech companies CoreWeave, Applied Materials and Cisco Systems.


Major indexes were still logging gains for the year, with the benchmark S&P 500 up nearly 8 per cent in 2026. Tech was underperforming the S&P 500 over the past month by its largest amount since May 2002, Keith Lerner, chief investment officer at Truist Advisory Services, said in a note on Thursday.

After a busy slate of corporate results, the schedule calms next week. Several reports could be consequential for the tech and AI trade, including CoreWeave, the cloud company at the center of concerns about financing the AI buildout. Its shares have been pummeled in recent weeks.

AI stocks bounced back and recovered some of their sell-off from earlier in the week. The rest of the U.S. stock market was mixed Friday following a whirlwind few days of Wall Street trying to sort out what this week’s U.S. midterm elections will mean for the economy.

Wall Street’s relative steadiness halted what had been a worldwide tumble for stocks. Treasury yields held firmer following a strong report on the U.S. job market.

For the year, S&P 500 was up 531.36 points, or 7.8 per cent, Dow Jones was up 3,222.44 points, or 6.7 per cent, Nasdaq was up 1,337.43 points, or 5.8 per cent, and Russell 2000 was up 272.20 points, or 11 per cent.

Stocks endured severe swings in the wake of Tuesday's midterms. In addition to winning control of the US Congress, Democrats also won several key governors' races in data-center-heavy states such as Texas. Public backlash about environmental and other concerns over the spread of data centers was a prominent issue in the midterms.