The S&P 500 closed at 7,376.86 on November 6, 2026, following a 4.4% single-day drop amid a stronger-than-expected October jobs report of 165,000 nonfarm payrolls and an unemployment rate of 4.1%. This resilient labor data lifted Treasury yields, with the 10-year reaching 4.86%, and raised market-implied odds of a Federal Reserve rate hike at the December 8–9 FOMC meeting. Corporate earnings growth remains supportive, with major banks maintaining year-end targets near 8,000, though elevated valuations and sector rotation away from technology have contributed to recent volatility. Key upcoming releases include October CPI on November 10 and November employment data ahead of the policy decision.