After the tech stock selloff, U.S. stocks face another critical week: midterm elections, major earnings, and nonfarm payrolls take turns on stage.

Zhitong Finance APP has learned that a string of disappointing earnings from large U.S. technology companies triggered a sharp selloff in the tech sector, but the market is more inclined to view it as an "expectation reset" rather than a deterioration in fundamentals. This week, market focus quickly shifted to the U.S. midterm elections, the October nonfarm payrolls report and more earnings from heavyweight stocks; at the same time, after Binance suffered the largest crypto hack in history, trust repair and the regulatory direction of the crypto industry have also become new points of attention.