Why it matters
- Apple was down about 4.1% at $324.45 before the open on Tuesday, Nov. 3, Yahoo Finance data showed, after it guided to a December-quarter gross margin of 45% to 46%.
- Nasdaq 100 futures were up about 0.76% as chip stocks bounced, while Dow futures were down about 0.25%. January Brent was down 3.0% at about $101.62.
- Americans vote in the midterm elections today. September job openings (JOLTS) and factory orders come at 10 a.m. ET, and AMD reports after the close.
The day ahead: scheduled events and what forecasters expect.
Updated Nov. 3, after the close: The Nasdaq rose 0.83% to 25,372.01 and the S&P 500 gained 0.36% to 7,568.92, while the Dow fell 0.38% to 51,786.72, Yahoo Finance data showed. Apple closed down 1.90% at $331.90. Job openings were little changed at 7.5 million in September, the BLS said, and factory orders rose 1.8%, the Census Bureau said. Brent settled down $1.17 at $103.60 and WTI down 37 cents at $96.09, Reuters reported. After the bell, AMD reported record revenue of $13.4 billion, up 45%, and guided to about $17 billion for the fourth quarter; its shares were up about 7.7% after hours. Full story: our Americas Tuesday recap.
U.S. stock futures were mixed before the open on Tuesday, Nov. 3, as Americans voted in the midterm elections. Apple was down about 4.1% at $324.45 around 8:55 a.m. ET after a weak margin forecast, while Nasdaq 100 futures rose about 0.76% as chipmakers bounced, according to Yahoo Finance data. January Brent was down 3.0% at about $101.62 a barrel.
The 9:30 a.m. ET open is 14:30 GMT.
Where are futures and oil before the open?
| Market, about 8:45 a.m. ET | Level | Change vs. Monday |
|---|---|---|
| S&P 500 futures | 7,590.00 | +0.20% |
| Nasdaq 100 futures | 28,342.25 | +0.76% |
| Dow futures | 52,003 | −0.25% |
| 10-year Treasury yield (Monday close, Treasury) | 4.91% | −0.03 point vs. Friday |
| Brent crude, January ($/barrel) | 101.62 | −3.01% |
| WTI crude, December ($/barrel) | 94.28 | −2.26% |
| Gold futures ($/ounce) | 3,975.20 | +0.14% |
Source: Yahoo Finance chart data and Treasury. Levels are delayed and approximate. Oil changes are from Monday's figures reported by Reuters: January Brent settled at $104.77, and WTI was down at $96.46.
Chip stocks led premarket gains. Micron was up about 4.2% and AMD about 4.3%, Yahoo Finance data showed. Dow futures were weighed down by Apple, CNBC reported. Oil turned lower on speculation about progress in U.S.-Iran talks, CNBC said, after rising earlier when a U.S. official said the U.S. had struck Iran's Qeshm Island, Reuters reported.
Overseas, the Kospi and Taiex each fell 3.59% and the RBA raised rates to 4.85%; see our Asia Tuesday recap. The STOXX 600 recovered from a weak open; see our Europe Tuesday recap. Monday's U.S. session is in our Americas Monday recap.
What did Apple forecast for the December quarter?
Apple expects December-quarter revenue to grow 7% to 10% from a year earlier and gross margin of 45% to 46%, finance chief Kevan Parekh said on Monday's call, according to a transcript from Investing.com. Services revenue is expected to grow 8% to 9%. CNBC said analysts polled by LSEG had expected revenue growth of 6.1% and an average gross margin of 46.3%. Apple's gross margin in the September quarter was 47.9%.
When do polls close on election night?
The first polls close at 6 p.m. ET (23:00 GMT) in the Eastern-time parts of Indiana and Kentucky, and most of Alaska closes at midnight ET, according to The Green Papers' 2026 polling-hours table. Results will come in through the evening U.S. time, after the cash market closes at 4 p.m. ET.
What is on today's U.S. calendar?
- 10 a.m. ET (15:00 GMT): JOLTS for September. The Bureau of Labor Statistics' November schedule lists it at 10 a.m.
- 10 a.m. ET (15:00 GMT): Factory orders for September. The Census Bureau's calendar lists the full report on manufacturers' shipments, inventories and orders at 10 a.m.
- 11:30 a.m. ET: 6-week bill auction. Treasury is selling $100 billion of 6-week bills, with competitive bids due at 11:30 a.m., TreasuryDirect shows. Treasury also announces today the 17-week bill that it auctions on Wednesday, Nov. 4, for issue on Tuesday, Nov. 10.
- Earnings: Pfizer reported earnings of 87 cents a share against a 73-cent estimate before the open, CNBC reported. AMD reports after the close, with a call at 5 p.m. ET, the company said. Nasdaq's earnings calendar also lists Amgen, Arista Networks and Booking Holdings after the close.
What else is due this week?
| Date | Event |
|---|---|
| Tue., Nov. 3 | Midterm elections; JOLTS and factory orders (10 a.m.); AMD after the close |
| Wed., Nov. 4 | Treasury quarterly refunding statement (8:30 a.m.); 17-week bill auction |
| Thu., Nov. 5 | Bank of England decision; productivity and costs (8:30 a.m.) |
| Fri., Nov. 6 | October jobs report (8:30 a.m.) |
Sources: Treasury, TreasuryDirect, Bureau of Labor Statistics, Census Bureau, Bank of England and AMD. Times are ET.
Treasury said on Monday, Nov. 2, that it expects to borrow $618 billion in privately held net marketable debt in October through December, assuming an $850 billion cash balance at the end of December. It said more financing details will be released at 8:30 a.m. on Wednesday, Nov. 4. The BLS releases the October employment report on Friday, Nov. 6, at 8:30 a.m.
Upcoming releases are on our market calendar.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Investing.com, Earnings call transcript: Apple tops Q4 2026 estimates but shares fall after hours (Nov. 2, 2026)
- CNBC, Apple's stock drops on weak margin forecast in Ternus' first earnings report (Nov. 2, 2026)
- CNBC, S&P 500 futures rebound as chip stocks bounce, oil turns lower on Election Day: Live updates (Nov. 3, 2026)
- Reuters via Euronext, Europe stocks slip on AI concerns, escalating Iran tensions (Nov. 3, 2026)
- Reuters via Investing.com, Oil drops 7% as Iran signals openness to peace talks (Nov. 2, 2026)
- The Green Papers, 2026 general election polling hours
- Bureau of Labor Statistics, release schedule for November 2026 and Employment Situation schedule
- U.S. Census Bureau, 2026 economic indicator calendar
- TreasuryDirect, upcoming auctions
- U.S. Treasury, Treasury Announces Marketable Borrowing Estimates (Nov. 2, 2026) and most recent quarterly refunding documents
- U.S. Treasury, daily par yield curve rates
- AMD, AMD to Report Fiscal Third Quarter 2026 Financial Results
- Yahoo Finance, chart data for the S&P 500, Nasdaq Composite and Dow (Nov. 3 close)
- Bureau of Labor Statistics, Job Openings and Labor Turnover Summary (Nov. 3, 2026)
- U.S. Census Bureau, Manufacturers' Shipments, Inventories, and Orders (Nov. 3, 2026)
- Reuters via Investing.com, Oil prices ease to settle near 4-week low on hopes peace talks will end wars (Nov. 3, 2026)
- AMD, third-quarter 2026 results (SEC filing) (Nov. 3, 2026)
- Nasdaq, earnings calendar for Nov. 3, 2026
- Bank of England, upcoming MPC dates
- Yahoo Finance, chart data for S&P 500 futures, Nasdaq 100 futures, Dow futures, Brent January, WTI December, gold futures, Apple, AMD and Micron