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US stock futures open Sunday evening after a damaging week for AI stocks. The Nasdaq Composite fell 3.4% in the week to November 6, the S&P 500 lost 2.7%, the Dow slipped 0.9% and the small-cap Russell 2000 shed 2.05%, according to Investor’s Business Daily.
Nasdaq 100 futures were indicated modestly lower after Nvidia’s board opened an investigation following reports that CEO Jensen Huang was targeted by a suspected Chinese espionage operation, according to IBD, CNBC and NBC News. Lawmakers from both parties have also raised questions about the reports, CNBC said.
AI Hardware Stocks Lead the Losses
After a post-election rally on Wednesday, when the Dow jumped 3%, AI infrastructure stocks fell sharply on Thursday and dragged down the wider market. Friday’s AI-led bounce faded into a mixed close.
Sandisk (SNDK) rose 3.55% to $835.06 on Friday but fell 27.4% on the week. It is down 64.5% from its late-June peak, according to MarketSurge.Micron (MU) gained 5.1% to $690 on Friday but dropped 22% on the week and is 45% below its high.
The VanEck Semiconductor ETF (SMH) fell 11.2% on the week and the iShares Expanded Tech-Software ETF (IGV) lost 5.2%.
Apple, Microsoft and Amazon Hold Up
Big tech held up better than the rest of the sector:
Amazon (AMZN) jumped 7.9% on the week to $259.30.Microsoft (MSFT) rose 1.7% to $530.62.Apple (AAPL) slipped 0.7% to $342.37.
Microsoft and Amazon rallied Wednesday as investors bet that existing data center operators could gain if rivals’ projects are delayed, according to IBD.
Oil Falls 12.8% as Yields Hit Two-Month Low
US crude futures fell 12.8% on the week to $90.83 a barrel, pressured by hopes for US–Iran diplomacy, according to IBD. President Donald Trump told CNN that renewed US strikes on Iran are “highly unlikely” if talks progress. The Energy Select SPDR ETF (XLE) fell 12%.
The 10-year Treasury yield fell 7 basis points to 4.86%, a two-month low.
Some sectors gained. The US Global Jets ETF (JETS) rose 6.6%, homebuilders gained 1.3% and financials 1.15%.
Berkshire Posts Record Buyback
Berkshire Hathaway bought back $9.6 billion of its own shares in the third quarter, up from $4.5 billion in Q2. That beat its previous record of $9.3 billion, set in Q3 2020.
Operating earnings: fell 6% to $12.7 billion, roughly in line with estimates, as weaker insurance underwriting and investment income weighed. Railroad, utility and other operations improved.Revenue: rose 11% to $105.6 billion, above estimates of $100.96 billion.Cash: rose to $377.4 billion from $365.5 billion in Q2, but remains below Q1’s $397.4 billion.Stock portfolio: Berkshire sold a net $400 million or so of stocks in Q3, after net purchases of about $20 billion in Q2.
Berkshire stock has risen for five straight weeks and hit a record high on Thursday. Under new CEO Greg Abel, the company has largely kept Warren Buffett’s conglomerate-and-investment approach.
Indexes Below Key Moving Averages
All major indexes are below their 50-day moving averages, and the Nasdaq and Russell 2000 are also below their 200-day lines, according to IBD. IBD’s Ed Carson said one weak bounce is not enough to signal a market bottom, and that investors should be defensive and wait for clear evidence of a turnaround.

#JobsReportRaisesHikeOdds
## 🔍 Introduction
If you follow crypto, you've probably seen traders say "TradFi is moving the market." 🤔 It sounds complicated, but the idea is simple. Crypto does not live in its own bubble. Banks, the US dollar, gold, stocks and the Federal Reserve all affect the price of Bitcoin and altcoins. This guide explains TradFi in easy language and shows why one jobs report can shake the whole crypto market. 🚀
## 📖 What Does TradFi Mean?
**TradFi = Traditional Finance.** It is the old, established financial system that existed long before Bitcoin. 🏛️ It includes:
- 🏦 **Banks:** They hold deposits, give loans and move money around.
- 💵 **The US Dollar:** The world's main reserve currency. Most crypto is priced against it.
- 🥇 **Gold:** The classic safe-haven asset people buy in uncertain times.
- 📈 **The Stock Market:** Companies' shares, such as those on the Nasdaq and the S&P 500.
- 🏛️ **The Federal Reserve (the Fed):** The US central bank. It sets interest rates and has huge influence over global money.
## ⚔️ TradFi vs Crypto: What's the Difference?
- ⏰ **Hours:** TradFi markets close on nights and weekends. Crypto trades 24/7. 🌍
- 🔑 **Control:** In TradFi, institutions hold your money. In crypto, you can hold your own keys.
- 🌐 **Access:** Crypto is open to anyone with internet. TradFi often needs accounts, paperwork and approvals.
- 🎢 **Volatility:** Crypto usually swings harder than stocks or gold.
Even with these differences, the two worlds are connected, because the same big investors and the same US dollar sit behind both. 🔗
## 💡 Why Does TradFi Move Crypto?
1. 💰 **Interest rates:** When rates are high, safe assets like bonds pay more, and risky assets like crypto can lose appeal. When rates fall, cheap money often flows into riskier assets.
2. 💵 **The dollar:** A stronger dollar often puts pressure on Bitcoin and gold. A weaker dollar often helps them.
3. 📉 **Stock market mood:** If stocks, especially tech and AI stocks, sell off, traders often cut risk across the board, including crypto.
4. 🏢 **Big institutions:** ETFs, funds and banks now hold crypto, so their decisions follow TradFi signals.
## 📰 What Is Happening Right Now?
Here is the live example from this week. 👇
The US jobs report for October, released on 6 November 2026, was much stronger than expected. Employers added about 165,000 jobs, well above economists' forecasts, and the unemployment rate dropped to 4.1%. Average hourly earnings rose 0.4%, above the 0.3% expected. 📊
Why does good news cause a market reaction? Because a strong job market can keep inflation pressure alive, and that makes the Fed less likely to cut rates and more willing to keep them high or even raise them. Reports said investors now see a possible quarter-point rate hike at the December meeting. 😬
The market reacted quickly: gold and Bitcoin fell, and the dollar jumped. 💵 The dollar also has extra support because of the recent AI stock selloff, which has pushed some investors toward safer assets. 🏃
More data is coming, too. US inflation figures are due soon, and some analysts think they could matter even more for the Fed than the jobs report. 🔔
## ⏳ Why Is the Market "Holding" Right Now?
When big news is coming, traders often stop taking large bets. 🛑 Right now the market is waiting for:
- 📅 **The Fed's December decision** and its new rate projections
- 🧾 **Inflation data** that will show if prices are cooling or heating up
- 💬 **Fed officials' speeches** that can change expectations in a day
Until these arrive, price moves can be choppy and small, with sudden spikes on headlines. 🎢
## 🛡️ What Should Beginners Do?
1. 📚 **Learn the calendar.** Jobs reports, inflation data and Fed meetings are the big dates.
2. 🧘 **Don't panic on one candle.** Data-driven drops can reverse when the next report changes expectations.
3. 💼 **Manage position size.** Keep trades small around major events.
4. 🚫 **Avoid heavy leverage.** Data surprises can liquidate leveraged traders in minutes.
5. 🔎 **Use reliable sources.** Check official releases and trusted news, not rumors.
## 🔮 The Big Picture
Crypto is growing up, and as it does, it becomes more connected to TradFi. 🌱 Understanding banks, the dollar, gold, stocks and the Fed is no longer optional for crypto traders. It is part of the basic toolkit. The good news is that the core ideas are simple, and once you learn them, headlines like "strong jobs data hits Bitcoin" will make perfect sense. 💪
## ✅ Conclusion
TradFi means traditional finance, and right now it is steering the crypto market. 🧭 A strong US jobs report has pushed the Fed's December decision into the spotlight, and traders are waiting for the next clues. Learn the basics, follow the key dates, and trade with a plan. 📈
⚠️ *This article is for education only and is not financial advice. Please do your own research.*
**:** #TradFiForBeginners 🏦 #CryptoEducation 📚 #FedDecision 🏛️ #Bitcoin 🪙 #USJobsData 📊
Sources:
- [Hot October Jobs Report Raises Odds of December Rate Hike (Morningstar)](https://www.morningstar.com/economy/hot-october-jobs-report-raises-odds-december-rate-hike)
- [October jobs report beats forecasts, lifting December Fed hike odds (InvestmentNews)](https://www.investmentnews.com/fixed-income/october-jobs-report-beats-forecasts-lifting-december-fed-hike-odds/268915)
- [Gold and Bitcoin fall after US jobs report (BeInCrypto)](https://beincrypto.com/gold-bitcoin-fall-us-jobs-report/)
- [Pound to dollar rate: US payrolls, Fed December hike (Pound Sterling Live)](https://www.poundsterlinglive.com/usd/23852-pound-to-dollar-rate-us-payrolls-fed-december-hike)
#BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #BinanceReopensWithdrawalsForHYPE&APT #SouthKoreaDraftLawTargets15To20%ShareholderCap