Is a Stock-Pocalypse Coming This Week? Analysts Share Their Boldest Calls

U.S. stocks fell Friday, sending the Nasdaq down 2.86% for its sharpest one-day drop since early June and the S&P 500 down 1.82%, as investors headed into a consequential week. The selloff reflected doubts about AI infrastructure spending after Intel dropped nearly 29%, Amazon disappointed and Alphabet had already lost about $500 billion in market value; a possible below-investment-grade rating for Anthropic after its IPO and a record $6.3 billion Binance hack added to investor caution. Morgan Stanley’s Mike Wilson said the S&P 500 could fall about 9% below its record to 7,100, and TS Lombard’s Dario Perkins modeled at least a 30% drop, erasing about $20 trillion, ahead of the Nov. 3 midterms and key earnings.