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Hey listeners, it's Saturday, November 2nd.

I'm Jack Pitcher for The Wall Street Journal,

and this is What's News and Markets. Our look at the biggest stock moves of the week and the

news that drove them. Let's get to it. A stock market rally on Friday helped stem the bleeding

from a volatile week as investors assess earnings reports and brace for Tuesday's election.

On Thursday, the tech-heavy NASDAQ had its worst sell-off in more than two months, dropping almost 3%.

The culprit?

Earnings reports from Microsoft and meta-platforms that highlighted the steep costs of AI spending.

Then the monthly jobs report and strong quarterly results from Amazon helped calm investors' nerves on Friday.

While the U.S. economy added fewer jobs and expected in October, likely due to a major strike of Boeing and two destructive hurricanes,

the unemployment rate stayed steady at 4.1%.

It was the latest sign that the soft landing investors are hoping for, where the Federal Reserve

lowers interest rates without a recession, is coming to fruition.

Even with Friday's gains, the indexes ended down for the week.

The S&P 500 fell 1.4%, while the NASDAQ was 1.5% lower.

The Dow Jones Industrial average slipped 0.2%.

One of this year's hottest stocks had a spectacular collapse this week.

Super Micro computer is a server maker that has benefited from the AI boom. But then on Wednesday, Super Micro said its auditor, Ernst & Young, has resigned.

According to a filing by Super Micro, the Big Four accounting firm said that it was no longer willing to be associated with financial statements prepared by Super Micro's management.

...