US stocks waver as Big Tech concerns persist and layoffs hit an October high. S&P 500 and Dow hold flat, Nasdaq dips. Challenger report shows worst October for layoffs since 2003, with 153,074 job cuts. Qualcomm posts strong earnings, Arm shares rise on AI demand. Tesla’s shareholder meeting and FAA cuts flights amid shutdown.

Airlines stocks fluctuate as 10% flight cuts announced due to shutdown. Delta and Southwest fall, United rises. Cancelations add to delays with unpaid air traffic controllers. Job cuts highest in over 20 years, companies slash roles for AI. Wall Street wary of tech valuations, market relies heavily on tech.

Snap stock soars 20% on revenue beat and partnership with Perplexity AI. Duolingo drops 24% after Q4 forecast miss. DoorDash plunges despite revenue beat. Marvell rises on SoftBank potential takeover. Bank of America outlines earnings growth and AI plans.

Nvidia, Duolingo, DoorDash premarket trends. Elon Musk’s $1 trillion pay fight at Tesla’s shareholder meeting. Robinhood stock edges lower despite 300% jump in crypto revenue. James Hardie shares plummet due to housing issues. Bloomberg reports on the market.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq waver as layoffs jump, key Tesla vote looms