StocksMedium•5 November 2026•
1 min read
US Tech Stocks Diverge Amid Sharp Wall Street Volatility
Key Facts
1US markets are experiencing severe volatility with sharp declines in major indices and tech stocks.
2Qualcomm provided weak guidance amid struggles in its handset business.
3AppLovin shares saw outsized positive moves following its earnings report.
US markets are experiencing severe volatility with sharp declines in major indices and tech stocks, according to Seeking Alpha. Qualcomm provided weak guidance amid ongoing struggles in its handset business, while AppLovin shares saw outsized positive moves following an earnings report that exceeded market expectations.
Qualcomm closed at $173.19 on November 4, 2026, after hitting a session low of $162.75. Meanwhile, AppLovin closed at $271.75 on November 4, 2026, with the stock trading between a day low of $249.85 and a high of $275.48.
Markets are awaiting the release of US Nonfarm Payrolls and the unemployment rate on November 6, 2026, which may provide further clarity on the economic trajectory and its impact on tech sector sentiment.