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GPT-5Nov 6, 2026openai/gpt-5-2025-08-07

What are today's top business/market headlines?

Here are today’s top business and market headlines for Friday, November 6, 2026 (U.S.):

•Wall Street selloff: AI/data‑center names led a rout Thursday; the S&P 500 fell 4.4% (worst day since April 2025) and the Nasdaq sank over 5%. Treasury 10‑year yields eased as investors fled to safety. Futures were soft heading into Friday.[1]
•Global follow‑through: Japan’s Nikkei opened down more than 6%, and European stocks weakened on tech selling.[2]
•Bank of England hikes: The BoE raised rates to 4.0%, its first increase in over three years, and signaled the possibility of more if inflation pressures persist.[3]
•U.S. labor in focus: Weekly jobless claims fell to 189,000 (lowest since mid‑July). October’s nonfarm payrolls report is due this morning at 8:30 a.m. ET.[4]
•Mortgage relief: The average 30‑year U.S. mortgage rate dropped to 7.18%, the third straight weekly decline, tracking softer long yields.[5]
•Oil volatility: After a midweek plunge, crude steadied; Brent traded near the mid‑$90s heading into Friday, with earlier reports citing about $96.[3]
•Big chip deal: Marvell agreed to acquire Lumentum in an all‑stock deal valued around $115 billion to build an AI‑connectivity leader.[6]
•Health‑care shakeup: CVS Health said it will split into two companies, separating its retail pharmacy from insurance/PBM operations.[7]

Want a quick live snapshot (futures, yields, oil) or a deeper dive on any of these?

Citations (7)

  1. 1apnews.comNews and mediaquality 1.00
    A brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%

    Backs: “Treasury 10‑year yields eased as investors fled to safety. Futures were soft heading into Friday.”

  2. 2apnews.comNews and mediaquality 1.00
    Japan's stock benchmark Nikkei tumbles more than 6% after trading opens

    Backs: “Japan’s Nikkei opened down more than 6%, and European stocks weakened on tech selling.”

  3. 3apnews.comNews and mediaquality 1.00
    BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

    Backs: “The BoE raised rates to 4.0%, its first increase in over three years, and signaled the possibility of more if inflation pressures persist.”

  4. 4apnews.comNews and mediaquality 1.00
    Unemployment claims drop to 189,000, the fewest since mid-July

    Backs: “October’s nonfarm payrolls report is due this morning at 8:30 a.m. ET.”

  5. 5apnews.comNews and mediaquality 1.00
    The average US 30-year mortgage rate falls to 7.18% this week, its third straight decline

    Backs: “The average 30‑year U.S. mortgage rate dropped to 7.18%, the third straight weekly decline, tracking softer long yields.”

  6. 6sec.govGovernment
    EX-99.1

    Backs: “Marvell agreed to acquire Lumentum in an all‑stock deal valued around $115 billion to build an AI‑connectivity leader.”

  7. 7investing.comNews and mediaquality 0.54
    CVS Health to split in two, separating pharmacy business from insurance By Reuters

    Backs: “CVS Health said it will split into two companies, separating its retail pharmacy from insurance/PBM operations.”