EL7.AI
StocksMedium•5 November 2026•
1 min read

BoE Hikes Rates to 4% as US Futures Diverge Amid Semiconductor Sell-off

Key Facts

1The Bank of England hiked interest rates by 25 basis points to 4% in an 8-1 vote.
2Qualcomm shares slid 10% in premarket trading following a lackluster forecast.
3AppLovin shares soared 16% on blowout guidance.

The Bank of England hiked interest rates by 25 basis points to 4% in an 8-1 vote. ZeroHedge reported that this move marks the central bank's first rate increase in three years as it responds to persistent inflationary pressures.

Qualcomm shares slid 10% in premarket trading following a lackluster financial forecast, deepening the rotation out of the semiconductor sector. Conversely, AppLovin shares soared 16% on blowout guidance. In previous session data, NVDA closed at $200.13 and QCOM closed at $173.19 on November 4, 2026, while AAPL was trading at $348.38 on November 5, 2026.

Market participants are looking ahead to the US Nonfarm Payrolls report scheduled for November 6, 2026, with a forecast of 65k jobs. Additionally, Fed official Logan is set to deliver a speech on the same day, which may offer further cues on the trajectory of US monetary policy.

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