S&P 500 futures are down 0.8% this week to
5,818 points, drifting lower on Thursday but showing signs of recovery after
hitting a weekly low of 5,761 points. Analysts cite various factors for this
correction, with some pointing to lackluster Q3 earnings from major firms like
IBM, while others attribute it to rising interest rates, as U.S. 10-year yields
reached 4.26%. However, with the U.S. presidential election on November 5
approaching, the correction may lack solid footing, and a recovery seems more
likely.