Market Thoughts - November 2026

Commonwealth’s Chris Fasciano recaps October’s market and economic news, including a sell-off in technology names that had been driving index rallies. The description notes that the Nasdaq fell more than 5 percent while market breadth remained strong, with the Dow up almost 2 percent and the Russell 2000 also rising. It also covers mixed economic data, including weaker-than-expected September job creation and higher consumer and producer price inflation tied to tariffs and oil prices.

1. The Nasdaq fell more than 5 percent as technology names that had driven recent index rallies sold off.
2. Market breadth remained strong, with the Dow Jones up almost 2 percent and the small-cap Russell 2000 also rising.
3. The September employment report showed just 29,000 jobs created, weaker than expected.
4. Consumer and producer price inflation moved higher, driven by tariffs and higher oil prices.