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Tech gets crushed, defensive stocks shine. How we're making sense of it all

By Polaris Insights · Generated by the AI-powered Polaris Insight Engine · Published Oct 30, 2026, 11:55 AM PT · Updated Oct 30, 2026, 12:17 PM PT

Tech gets crushed, defensive stocks shine. How we're making sense of it all
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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are sharply lower on the last trading day of a rough month of October, with tech stocks under severe pressure as the market continues to push back on AI-related names. The S & P 500 is down more than 2% on Friday, while the Nasdaq is down over 3.

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