[BRIEFING.COM] The market has softened modestly since the prior update. The continued small-cap underperformance points to an uneven market beneath the relatively steady large-cap picture.

The S&P 500 consumer discretionary sector is showing relative strength with a 0.3% gain, although that advance is concentrated. Amazon (AMZN 269.36, +3.19, +1.2%) and Tesla (TSLA 391.66, +0.82, +0.2%) are key contributors, while a majority of the sector's components trade lower.

Williams-Sonoma (WSM 252.88, -9.21, -3.5%), Carnival (CCL 29.70, -0.98, -3.2%), Mohawk Industries (MHK 147.71, -4.87, -3.2%), and Deckers Outdoor (DECK 85.22, -3.16, -3.6%) are among the sector's biggest laggards.

Tesla's gain comes amid a Financial Times report that the EU and UK will delay tariffs on electric vehicles. Separately, before news of Jensen Huang's resignation broke, Tesla and SpaceX (SPCX 142.96, +3.21, +2.30%) CEO, Elon Musk, posted on X that it would be "an honor" to hire Jensen Huang.

[BRIEFING.COM] The major indices look much improved from their opening declines that were precipitated by the fallout from the news that Jensen Huang resigned as president, CEO, and board member of NVIDIA (NVDA 165.19, -8.54, -4.92%), effective immediately, following the revelation that he had a second affair that involved an employee of the company.

The Nasdaq Composite had been down as much as 1.6% but has worked its way back into positive territory along with the Dow and S&P 500 as NVIDIA pared its losses, and as other mega-cap stocks have shown some relative strength. The Russell 2000 (-0.8%) and equal-weighted S&P 500 (-0.1%) remain lower, as participation in the advance has remained somewhat narrow.

The central story is the rebound in technology from its early shock, alongside continued pressure on smaller companies and weak market breadth. Decliners still lead advancers by more than 2-to-1 at both the NYSE and Nasdaq.

The S&P 500 information technology sector is down 0.1% after falling as much as 3.0% shortly after the open, turning what had been the market's biggest drag into an important part of the comeback. NVIDIA remains lower, but it had been down as much as 14%. CFO Colette Kress will serve as interim CEO, leaving investors to weigh leadership and execution uncertainty against an underlying AI demand picture that had been strong before today's disruption.

The AI trade is splitting rather than moving uniformly lower. Advanced Micro Devices (AMD 583.29, +30.39, +5.50%) is benefiting from the potential competitive opening and a William Blair upgrade to Outperform from Market Perform, while Broadcom (AVGO 364.82, +19.60, +5.68%) is drawing interest for its custom-silicon exposure. Nebius Group N.V. (NBIS 129.45, -25.24, -16.32%), however, remains under pressure after projecting fiscal 2026 revenue at the lower end of its prior range, reinforcing concern about the cost and financing requirements of the AI infrastructure buildout.

Outside technology, the S&P 500 energy sector is up 1.8% as oil prices (WTI $87.76, +1.23, +1.4%) reverse an early decline and move higher amid geopolitical uncertainty that was stoked by President Trump suggesting the U.S. doesn't need a deal with Iran. The S&P 500 communication services sector is up 1.3%, providing another source of large-cap support.

Materials is the weakest sector with a 0.5% decline.

The rate backdrop remains a restraint on participation. The 10-year yield is up 13 basis points at 5.11%. The Russell 2000's underperformance is consistent with greater sensitivity among smaller companies to elevated borrowing costs, even as the technology recovery steadies the Nasdaq.

Today's economic data offered mixed signals. Initial claims remain low enough to indicate solid labor demand, but existing home sales fell to their weakest pace since August 2010. All four regions recorded year-over-year declines as elevated mortgage rates continued to limit buyer demand, underscoring the pressure from higher long-term rates on interest-sensitive areas of the economy.

Reviewing today's data:

• Weekly Initial Claims 200K vs. 195K Briefing.com consensus; prior revised to 191K from 189K, Weekly Continuing Claims 1697K; prior 1718K
• October Existing Home Sales 3.75M vs. 3.94M Briefing.com consensus; prior revised to 3.97M from 3.99M
• 11/07 EIA Crude Oil Inventories +4.657M; prior -0.865M

[BRIEFING.COM] The market has moved mostly sideways since the prior update, albeit with a slight downside bias. The Nasdaq Composite has slipped just below its flat line, while the Russell 2000 has widened its decline modestly to 0.8%. That leaves the market in a holding pattern ahead of the midday summary.

NVIDIA (NVDA 163.80, -9.93, -5.7%) remains an important backdrop as investors assess the leadership and execution uncertainty created by Jensen Huang's abrupt departure. The company is due to report earnings November 17 after the close, when its outlook and handling of the transition will receive close attention.

The more immediate earnings focus, however, will turn to results after today's close from Cisco (CSCO 101.68, +0.92, +0.9%), Applied Materials (AMAT 389.90, -5.18, -1.3%), and Cerebras Systems (CBRS 100.30, -0.78, -0.8%). Those reports will provide the next company-specific checkpoints, with the semiconductor-related updates particularly relevant after today's volatility in AI-linked stocks.

[BRIEFING.COM] The market's recovery has lost some momentum since the prior update.

Participation remains narrow: decliners lead advancers by better than 2-to-1 at both the NYSE and Nasdaq. That breadth shows the headline advance is not representative of the broader market.

Treasury yields continue to increase, adding another consideration for stocks. The 10-yr note yield is now up 12 basis points to 5.10% ahead of the $25 billion 30-yr bond auction at 1:00 p.m. ET. The prior 30-yr auction drew a 2.54 bid-to-cover ratio, compared with the 12-auction average of 2.43, so today's demand metrics will be watched closely given the renewed rise in yields.

[BRIEFING.COM] The market has extended its recovery, but the improvement remains concentrated in larger-cap stocks. The Nasdaq Composite is now up 0.2%, versus a 0.1% gain at the prior update, while the Russell 2000 has narrowed its loss to 0.5%. The S&P 400 (-0.1%) and equal-weighted S&P 500 (flat) continue to trail, underscoring that the headline resilience does not reflect broad market strength.

NVIDIA's (NVDA 165.61, -8.12, -4.68%) leadership shock remains the central corporate issue after Jensen Huang resigned as president, CEO, and director, with CFO Colette Kress taking over as interim CEO. NVIDIA has recovered from its worst levels, and investors are also considering whether the disruption could create openings for competing AI platforms and custom silicon providers. That view has helped temper the broader fallout from NVIDIA's loss.

Advanced Micro Devices (AMD 589.03, +36.13, +6.54%) is the clearest supported potential beneficiary, with William Blair upgrading the stock to Outperform from Market Perform amid the possible competitive opening. Broadcom (AVGO 367.18, +21.96, +6.36%) is also drawing interest for its custom-silicon exposure, while Alphabet's (GOOGL 299.17, +5.72, +1.95%) TPU platform provides another alternative to NVIDIA hardware.

[BRIEFING.COM] Technology stocks have staged a meaningful recovery from their early lows. The S&P 500 information technology sector is flat after falling as much as 3.0%, while the Nasdaq Composite is up 0.1% after being down 1.6%.

The technology sector's swing has been helped by NVIDIA (NVDA 164.78, -8.96, -5.2%) cutting its losses and some strength in Apple (AAPL 358.09, +2.73, +0.8%) and Microsoft (MSFT 526.17, +5.04, +1.0%).

The improvement extends beyond those three names. Alphabet (GOOGL 296.30, +2.85, +1.0%) and Amazon (AMZN 269.47, +3.30, +1.2%) are higher, leaving the Vanguard Mega Cap Growth ETF (MGK 86.80, +0.02, +0.03%) flat for the session. That resilience underscores how strength in several mega-cap stocks has offset part of NVIDIA's weakness and helped the market recover from a considerably worse start.

[BRIEFING.COM] Treasury yields have extended their climb since the open, adding another pressure point for the broader market. The 2-yr yield is up 10 basis points to 4.84%, while the 10-yr yield is up nine basis points to 5.07%. Treasuries were already under pressure following underwhelming auctions earlier this week, and geopolitical uncertainty contributed to the sharper yield increase ahead of the open. Relatedly, there is a $25 billion 30-yr bond auction today. Results will be announced at 1:00 p.m. ET.

Small caps have fallen further behind amid the rate move. The Russell 2000 is down 1.2%, compared with a 0.5% decline in the Nasdaq Composite. That gap underscores the more pronounced pressure on smaller companies as borrowing costs rise.

Existing home sales decreased 5.5% month-over-month in October to a seasonally adjusted annual rate of 3.75 million (Briefing.com consensus 3.94 million) from a downwardly revised 3.97 million (from 3.99 million) in September. Sales were down 8.8% on a year-over-year basis.

The key takeaway from the report is that home sales fell to their lowest level since August 2010, with year-over-year declines in all four regions, as rising mortgage rates curtailed buyer demand.

[BRIEFING.COM] Stocks have opened lower. The S&P 500 information technology sector (-0.9%) is the main drag, while the SOX Index is down 1.6%.

The premarket shock surrounding NVIDIA (NVDA 161.57, -12.16, -7.0%) has carried into cash trading after Jensen Huang resigned immediately as president, CEO, and director. CFO Colette Kress is serving as interim CEO as the board searches for a permanent successor. The abrupt change creates leadership and execution uncertainty ahead of next week's earnings report, although it should be noted that NVIDIA is well off an opening low that had it down as much 14%.

Nebius Group N.V. (NBIS 127.98, -26.71, -17.27%) is a notable AI-linked laggard after guiding fiscal 2026 revenue to the lower end of its prior range. That outlook is reinforcing concerns about the cost and financing of the AI infrastructure buildout.

Still, the weakness is not uniform across AI-related stocks. Advanced Micro Devices (AMD 565.12, +12.22, +2.21%) and Broadcom (AVGO 358.26, +13.04, +3.78%) are receiving relative support from fund flows out of NVIDIA. AMD also received an upgrade to Outperform from Market Perform at William Blair, which cited the potential competitive opening created by the leadership vacuum.

U.S. equity futures continue to point to a lower open, more so for the Nasdaq 100 than other indices, primarily because NVIDIA (NVDA) is down 12% on the news that Jensen Huang has resigned as president, CEO, and a board member, effective immediately. This jarring news has generated some shockwaves across the AI space that will have the technology sector in a man-down position when the opening bell rings.

Asian markets finished broadly lower on Thursday as renewed selling in technology shares weighed on regional sentiment amid uncertainty surrounding Nvidia's leadership and the outlook for semiconductor stocks. Japan's Nikkei fell 0.7%, snapping a three-session winning streak, with Ibiden (-8%), Advantest (-5%), Taiyo Yuden (-4%), SoftBank Group (-3%), and Kioxia Holdings (-3%) retreating, while October producer prices rose a stronger-than-expected 7.1% yr/yr, reinforcing expectations for further Bank of Japan tightening. China's Shanghai Composite declined 0.7% and the Shenzhen Component lost 1.7%, with Zhongji Innolight (-6%), Foxconn Industrial Internet (-5%), Zijin Mining (-4%), CATL (-3%), and BYD (-2%) falling as investors questioned whether the People's Bank of China's latest targeted support measures would be sufficient to revive domestic demand. Hong Kong's Hang Seng dropped 1.3% for a second consecutive session, led lower by Z.AI (-9%), MiniMax (-8%), Kuaishou (-5%), and Tencent (-3%), while Alibaba came under pressure following reports of plans to spin off its T-Head semiconductor subsidiary. South Korea's KOSPI slipped 0.6% despite gains in Samsung Electronics (+2%) and SK Hynix (unch), as Meritz Financial (-12%), Naver (-4%), and LG Energy Solution (-1%) weighed on the index. Nvidia's approximately 8% after-hours decline added to concerns surrounding the global AI trade, overshadowing the previous session's positive response to CoreWeave's results. South Korean exports more than doubled to USD33.5 bln during the first 10 days of November, including a 331.2% increase in semiconductor shipments, highlighting continued strength in underlying demand despite the renewed pressure on technology valuations. India's Sensex finished little changed, gaining less than 0.1%, while October consumer inflation accelerated to 6.09% yr/yr from 5.54%, exceeding expectations of 5.93%.

• In economic data:
  • Japan's October PPI increased 0.7% month-over-month (expected 0.3%; prior -0.2%) and 7.1% year-over-year (expected 6.5%; prior 6.8%), reinforcing expectations for further Bank of Japan tightening.
  • Australia's November MI Inflation Expectations held at 5.3% (prior 5.3%).
  • India's October CPI increased 6.09% year-over-year (expected 5.93%; prior 5.54%).
  • South Korean exports more than doubled to USD33.5 billion during the first 10 days of November, including a 331.2% increase in semiconductor shipments.

European markets trade higher, with strong corporate earnings and declining oil prices supporting sentiment despite renewed weakness in global semiconductor shares. Germany's DAX gains 0.8% and reaches record territory for a fourth consecutive advance, led by Siemens (+5%) after better-than-expected quarterly results and higher medium-term targets, while Merck (+3%), Allianz (+2%), and Munich Re (+2%) benefit from favorable earnings and outlook updates, although Infineon Technologies (-2%) lags. France's CAC 40 rises 0.7%, supported by luxury shares LVMH (+2%), Hermes (+1%), and Kering (+1%), alongside AXA (+1%), Danone (+1%), and Pernod Ricard (+1%), while STMicroelectronics (-3%) retreats amid broader semiconductor weakness. London's FTSE 100 advances 0.4%, with Burberry (+7%) rallying following a 6% increase in first-half revenue, Rolls-Royce (+2%) announcing an accelerated GBP1.5 bln share buyback, and 3i Group (+3%) unveiling a GBP750 mln repurchase program, while BAE Systems (unch) raises its cash flow forecast. U.K. economic data show third-quarter GDP growth of 0.7% qtr/qtr and 1.9% yr/yr, both in line with expectations, while September GDP rises a stronger-than-expected 0.2% m/m and manufacturing production, industrial production, and construction output all exceed forecasts, although the trade deficit widens to GBP22.29 bln. The STOXX Europe 600 climbs 0.4%, while Italy's FTSE MIB and Spain's IBEX 35 each edge up 0.1%, reflecting a broadly positive but uneven advance driven primarily by earnings-related developments.

• In economic data:
  • U.K. Q3 GDP increased 0.7% quarter-over-quarter (expected 0.7%; prior 0.5%) and 1.9% year-over-year (expected 1.9%; prior 1.4%).
  • U.K. September GDP increased 0.2% month-over-month (expected 0.0%; prior 0.0%) and 2.1% year-over-year (expected 1.9%; prior 2.0%).
  • U.K. September Manufacturing Production increased 0.7% month-over-month (expected -0.5%; prior 0.7%) and 4.4% year-over-year (expected 3.8%; prior 2.5%).
  • U.K. September Industrial Production increased 0.3% month-over-month (expected -0.4%; prior 0.7%) and 3.1% year-over-year (expected 2.9%; prior 1.1%).
  • U.K. September Construction Output increased 0.8% month-over-month (expected 0.0%; prior -0.5%) and declined 1.5% year-over-year (expected -2.1%; prior -1.9%).
  • U.K. Q3 Business Investment increased 0.4% quarter-over-quarter (expected 0.4%; prior 1.8%) and 3.0% year-over-year (prior 5.2%).
  • The U.K. September Trade Balance showed a GBP22.29 billion deficit (expected GBP19.20 billion deficit; prior GBP19.61 billion deficit).
  • November Thomson Reuters/Ipsos Consumer Sentiment fell to 44.0 in the U.K. (prior 45.3), fell to 41.95 in Germany (prior 42.37), rose to 37.90 in France (prior 37.63), fell to 41.40 in Italy (prior 42.99), and rose to 47.55 in Spain (prior 45.22).

Equity futures are pointing to a lower start amid geopolitical uncertainty. President Trump, in a Truth Social post, said he wants Vice President JD Vance to focus on crime and corruption and that a deal with Iran is no longer needed. That pronouncement has triggered a spike in oil prices and a spike in bond yields.

WTI crude futures are up 0.6% to $87.03/bbl after flirting with $85.00/bbl earlier. The 2-yr note yield is up seven basis points to 4.81%, and the 10-yr note yield is up eight basis points to 5.06%.

Semiconductor weakness and lingering concerns about financing the AI buildout remain additional considerations. Initial jobless claims rose to 200,000, slightly above the Briefing.com consensus, while continuing claims declined.

Still, there are a lot of moving parts, including October existing home sales at 10:00 ET, a 30-year Treasury bond auction at 1:00 ET, and several Fed speakers throughout the day.

Equity futures are pointing to a lower start, with some outsized weakness in the Nasdaq 100 futures that is being attributed to NVIDIA's weakness (down 7.7%) and lingering concerns about financing issues related to the AI buildout. The trouble for NVIDIA revolves around reports that the board could soon announce CEO Jensen Huang's ouster amid revelations that he had a second affair with an NVIDIA employee.

Meanwhile, Bloomberg is reporting that CoreWeave is looking to do a $4 billion investment-grade loan offering, while industry peer Nebius (NBIS) raised its 2026 capex plan and warned that FY26 revenues are likely to be at the low end of its $3.0 billion to $3.4 billion guidance range versus a FactSet consensus of $3.35 billion.

Overseas developments are mixed, as Asian markets finished broadly lower while European markets trade higher.

Semiconductor weakness remained a feature in Asia, while corporate earnings and lower oil prices have acted as underpinning factors in Europe.

Initial and continuing jobless claims are due at 8:30 ET, followed by October existing home sales at 10:00 ET. Semiconductor developments and earnings reactions will also remain in focus.

Today's remaining economic calendar:

• 8:30 AM ET: 11/07 Initial Claims; Briefing.com consensus 195K; prior 189K
• 8:30 AM ET: 10/31 Continuing Claims; prior 1718K
• 10:00 AM ET: October Existing Home Sales; Briefing.com consensus 3.94M; prior 3.99M
• 12:00 PM ET: 11/07 EIA Crude Oil Inventories; prior -0.865M
• 2:00 PM ET: October Treasury Budget; Briefing.com consensus -$300.0B; prior -$26.9B

In corporate news:

• CoreWeave (CRWV 54.68, -6.09, -10.0%): seeks to raise $4 bln in investment-grade loan offering, according to Bloomberg
• Corteva (CTVA 10.95, -1.19, -9.8%): Corteva beats by $0.04, misses on revs; guides FY26 EPS above consensus
• Nebius (NBIS 136.80, -17.79, -11.5%): Nebius Group N.V. beats by $0.59, beats on revs
• Nvidia (NVDA 160.31, -13.42, -7.7%) is indicated lower following renewed selling that added to concerns surrounding the global AI trade and semiconductor valuations.
• Strategy (MSTR 115.22, -7.13, -5.9%): weakness attributed to MSCI removal from equity index

Reviewing overnight developments:

According to Nikkei, Asian markets finished broadly lower as renewed selling in technology shares weighed on sentiment amid uncertainty surrounding semiconductor stocks.

In news:

• Technology shares declined across Japan, China, and Hong Kong, while reports that Alibaba plans to spin off its T-Head semiconductor subsidiary pressured Alibaba (BABA 97.10, -4.42, -4.35%).
• South Korean exports more than doubled during the first 10 days of November, including a sharp increase in semiconductor shipments.

In economic data:

• Japan's October PPI +0.7% m/m (expected +0.3%; prior -0.2%) and +7.1% yr/yr (expected +6.5%; prior +6.8%)
• Australia's November MI Inflation Expectations 5.3% (prior 5.3%)
• India's October CPI +6.09% yr/yr (expected +5.93%; prior +5.54%)

--- Equity Markets ---

• Japan's Nikkei : -0.7%
• Hong Kong's Hang Seng : -1.3%
• China's Shanghai Composite : -0.7%
• India's Sensex : +0.0%
• South Korea's Kospi : -0.6%
• Australia's All Ordinaries : -0.2%

European markets trade higher as strong corporate earnings and lower oil prices support sentiment despite renewed weakness in semiconductor shares.

In news:

• Siemens advanced after better-than-expected quarterly results and higher medium-term targets, while Burberry reported a 6% increase in first-half revenue.
• Rolls-Royce announced an accelerated GBP1.5 billion share buyback, and 3i Group unveiled a GBP750 million repurchase program.

In economic data:

• U.K. Q3 GDP +0.7% qtr/qtr (expected +0.7%; prior +0.5%) and +1.9% yr/yr (expected +1.9%; prior +1.4%) U.K. September GDP +0.2% m/m (expected 0.0%; prior 0.0%) and +2.1% yr/yr (expected +1.9%; prior +2.0%) U.K. September Manufacturing Production +0.7% m/m (expected -0.5%; prior +0.7%) and +4.4% yr/yr (expected +3.8%; prior +2.5%) U.K. September Industrial Production +0.3% m/m (expected -0.4%; prior +0.7%) and +3.1% yr/yr (expected +2.9%; prior +1.1%) U.K. September Construction Output +0.8% m/m (expected 0.0%; prior -0.5%) and -1.5% yr/yr (expected -2.1%; prior -1.9%) U.K. Q3 Business Investment +0.4% qtr/qtr (expected +0.4%; prior +1.8%) and +3.0% yr/yr (prior +5.2%) U.K. September Trade Balance GBP-22.29 bln (expected GBP-19.20 bln; prior GBP-19.61 bln) November Thomson Reuters/Ipsos Consumer Sentiment: U.K. 44.0 (prior 45.3); Germany 41.95 (prior 42.37); France 37.90 (prior 37.63); Italy 41.40 (prior 42.99); Spain 47.55 (prior 45.22)

--- Equity Markets --- 

• STOXX Europe 600 : +0.4%
• Germany's DAX : +0.8%
• U.K.'s FTSE 100 : +0.4%
• France's CAC 40 : +0.7%
• Italy's FTSE MIB : +0.1%
• Spain's IBEX 35 : +0.1%

[BRIEFING.COM] The major averages finished higher on this Veterans Day, which left the Treasury market closed. The Nasdaq Composite gained 1.6%, the S&P 500 increased 1.3%, and the Russell 2000 rose 0.9%. Renewed confidence in AI infrastructure spending drove the session, lifting technology and related growth stocks while participation broadened into the close. Ten of the 11 S&P 500 sectors ended higher, although the Nasdaq's outperformance showed where the strongest buying remained concentrated.

CoreWeave (CRWV 60.77, +12.04, +24.7%) was central to that trade. Its revenue exceeded expectations, management raised its fiscal 2026 revenue and adjusted operating-income outlooks, and adjusted operating margin improved sequentially to 10% from 5%. A $132.5 billion backlog and additional detail about customer prepayments and financing plans helped ease concerns about the capital requirements associated with its rapid expansion.

The read-through extended across several parts of the AI buildout.

Dell (DELL 373.72, +39.34, +11.8%) advanced as its server, storage, and integrated-system exposure fit the renewed infrastructure theme. Micron (MU 811.30, +86.19, +11.9%) represented the memory side of the buildout, while Oracle (ORCL 128.40, +10.42, +8.8%) participated as stronger guidance, faster margin improvement, and a clearer financing plan from CoreWeave supported confidence in cloud-capacity expansion. Corning (GLW 120.38, +8.25, +7.4%) rose with other data-center connectivity names, and Applied Materials (AMAT 395.08, +22.55, +6.1%) joined the strength in semiconductor equipment.

The Philadelphia Semiconductor Index jumped 5.7% but had been up as much as 7.9%. NVIDIA (NVDA 173.73, +4.84, +2.9%) contributed to the advance, but notably, it trailed the gains registered by many other semiconductor components like Intel (INTC 62.47, +4.34, +7.5%), Advanced Micro Devices (AMD 552.90, +37.69, +7.3%) and Broadcom (AVGO 345.22, +13.24, +4.0%).

Information technology finished up 2.7%, leading the sector table. Energy gained 1.8%, industrials rose 1.3%, and communication services added 0.9%, providing meaningful support beyond technology. Consumer discretionary was the lone decliner with a 0.4% loss, weighed down by Amazon (AMZN 266.17, -4.70, -1.7%), which sat out the broader AI-infrastructure advance.

Participation improved as the day progressed. Advancers held an edge at both the NYSE and Nasdaq entering the final stretch, and the Russell 2000's gain showed that buying was not confined entirely to mega-cap growth shares. Even so, the Nasdaq's larger advance and the outsized strength in technology made clear that AI-linked stocks remained the session's primary source of momentum.

The closing picture was constructive but still concentrated at the top. CoreWeave's results addressed some immediate concerns about demand, margins, and financing across the AI infrastructure trade, while gains in 10 sectors gave the advance broader support than the headline technology move alone would suggest.

Reviewing today's data:

• 11/07 MBA Mortgage Applications Index 6.2%; prior -1.2%

Thursday's economic calendar:

• 8:30 AM ET: 11/07 Initial Claims; Briefing.com consensus 195K; prior 189K
• 8:30 AM ET: 10/31 Continuing Claims; prior 1718K
• 10:00 AM ET: October Existing Home Sales; Briefing.com consensus 3.94M; prior 3.99M
• 12:00 PM ET: 11/07 EIA Crude Oil Inventories; prior -0.865M
• 2:00 PM ET: October Treasury Budget; Briefing.com consensus -$300.0B; prior -$26.9B