Wall Street faces a pivotal week featuring the U.S. midterm elections, 138 quarterly earnings reports from S&P 500 companies and the October jobs report. Investors moved toward defensive stocks, while the iShares Semiconductor ETF dropped more than 10% on Friday after Alphabet fell 12% on Thursday. Apple, whose shares are up 28% year to date, will be closely watched after a leading analyst lowered his outlook because of potential margin pressure. Markets expect 55,000 jobs to have been created in October and the unemployment rate to remain at 4.2%, while S&P 500 earnings are still projected to grow by about 30% for the quarter.
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