U.S. stocks face a packed week featuring earnings, jobs data and the midterm elections, as technology shares attempt to rebound after a sharp sell-off. Chipmaker Marvell is buying Lumentum in an all-stock deal valued at $115 billion, while Apple reports earnings after trading close to its record high. OpenAI reportedly reduced its new funding round to $20 billion, reflecting growing investor scrutiny of the cost of the artificial intelligence race. Deutsche Bank raised its CrowdStrike price target, and Colgate-Palmolive, Clorox and Rivian also received analyst upgrades or favorable ratings. Marriott International beat quarterly estimates and raised its full-year outlook, while Reddit was downgraded after its shares plunged 29 percent.
Source: Read the original article
