💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
Weak Jobs Report Sends US Stocks to 2-Week Lows; Chip Sector Bears Brunt
US equities are bleeding red today as a brutal jobs report spooked investors. S&P 500 down -0.97%, Nasdaq 100 sliding -1.61%, both hitting 2-week lows. The culprit? October job cuts exploded +175% year-over-year to 153,074—the worst for any October since 2002. Year-to-date layoffs have already crossed 1 million, marking the worst stretch since the pandemic.
Chipmakers are getting hammered worst. AMD down over -7%, Qualcomm -4%, while Nvidia, Intel, ARM all bleeding -2% or more. Broader market weakness is undeniable here.
But here’s the silver lining: bond yields are tanking. The 10-year yield dropped -7 bp to 4.09%, as traders now price in a 69% probability of another Fed rate cut at December’s FOMC meeting. Markets are basically betting the Fed will keep cutting as economic data deteriorates.
Earnings season is still a bright spot though—81% of S&P 500 companies have beaten expectations so far, on pace for the best quarter since 2021. Gainers today include Datadog (up +21% on raised guidance) and Coherent (up +15% on strong revenue beat), while DoorDash, CarMax, and ELF Beauty got crushed on disappointing outlooks.
Wild card: US government shutdown is now its longest ever at 6 weeks, weighing on sentiment and potentially triggering more job losses ahead.