Why it matters
- The Nasdaq Composite rose 207.70 points, or 0.83%, to 25,372.01 on Tuesday, Nov. 3, and the S&P 500 gained 0.36%, Yahoo Finance data showed, as chip stocks rebounded. The Dow fell 0.38%.
- Brent futures fell $1.17, or 1%, to settle at $103.60 a barrel, and WTI fell 37 cents to $96.09, Reuters reported, on hopes that peace talks will end wars in Iran and Ukraine.
- Job openings were 7.5 million in September, the BLS said, and factory orders rose 1.8%, the Census Bureau said. After the bell, AMD posted record revenue of $13.4 billion.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks were mixed on Tuesday, Nov. 3, as chipmakers bounced back while Americans voted in the midterm elections. The Nasdaq Composite rose 207.70 points, or 0.83%, to 25,372.01 and the S&P 500 gained 27.52 points, or 0.36%, to 7,568.92, according to Yahoo Finance data. The Dow Jones Industrial Average fell 197.26 points, or 0.38%, to 51,786.72.
| Index | Tuesday close | Change vs. Monday, Nov. 2 |
|---|---|---|
| S&P 500 | 7,568.92 | +27.52 (+0.36%) |
| Dow Jones Industrial Average | 51,786.72 | −197.26 (−0.38%) |
| Nasdaq Composite | 25,372.01 | +207.70 (+0.83%) |
| Russell 2000 | 2,812.45 | +6.57 (+0.23%) |
| Cboe Volatility Index (VIX) | 20.83 | −0.32 (−1.51%) |
| S&P/TSX Composite (Canada) | 35,532.28 | −268.82 (−0.75%) |
| Ibovespa (Brazil) | 165,528.92 | −2,392.88 (−1.43%) vs. Friday, Oct. 30 |
Source: Yahoo Finance daily chart data. Brazil's B3 was closed on Monday for a holiday.
Why did the Nasdaq rise today?
The Nasdaq rose because chip stocks rebounded. The PHLX Semiconductor Index gained 2.63% to 10,600.40, Yahoo Finance data showed, its first gain in five sessions, Investing.com reported. Yahoo Finance said memory and chip-equipment names led the rebound. Microsoft rose 2.74% and Oracle 5.85%. The Dow lagged as Apple, a Dow component, fell another 1.90% after Monday's margin forecast.
Which stocks moved the most?
| Stock | Tuesday close | Change |
|---|---|---|
| Fabrinet | $363.33 | +15.45% |
| Fiserv | $58.40 | +12.46% |
| Oracle | $126.19 | +5.85% |
| AMD | $483.90 | +3.65% |
| Arista Networks | $169.91 | +3.52% |
| Micron | $855.10 | +2.58% |
| Nvidia | $206.69 | +2.29% |
| Apple | $331.90 | −1.90% |
| Pfizer | $30.00 | −2.18% |
| Archer-Daniels-Midland | $70.60 | −6.82% |
| Shopify | $142.57 | −8.74% |
| Sysco | $74.11 | −9.33% |
| Thomson Reuters | $110.18 | −9.87% |
| Gartner | $204.22 | −13.19% |
| Dynatrace | $47.03 | −14.69% |
Source: Yahoo Finance chart data.
Shopify's third-quarter revenue of $3.74 billion narrowly missed the $3.75 billion analysts expected, its first miss since 2022, Yahoo Finance reported. Gartner and Dynatrace fell after releasing quarterly results on Tuesday, their filings with the SEC show.
What did AMD report after the bell?
AMD posted record third-quarter revenue of $13.4 billion, up 45% from a year earlier, its release said. Data Center revenue rose 97% to a record $8.5 billion. Adjusted earnings were $2.09 a share, up 74%, and GAAP earnings were $1.46. AMD expects fourth-quarter revenue of about $17 billion, plus or minus 3%, with an adjusted gross margin of about 55%. Its shares were up about 7.7% at $521.27 around 4:53 p.m. ET, Yahoo Finance data showed.
Arista Networks reported revenue of about $3.66 billion, up 58.5%, and adjusted earnings of $1.20 a share, its release said. Its shares were up about 16.8% after hours. Amgen said revenue rose 8% to $10.4 billion, with adjusted earnings of $6.45 a share; its shares were down about 1.7% late. Booking Holdings said gross bookings rose 10% to $54.5 billion and adjusted earnings rose 17% to $4.66 a share; its shares were down about 2.0% late.
What did JOLTS and factory orders show?
Job openings were little changed at 7.5 million in September, the Bureau of Labor Statistics said. August was revised up to 7.2 million. Hires were 5.4 million and quits rose to 3.4 million, while layoffs were 1.6 million. Separately, factory orders rose $12.2 billion, or 1.8%, to $677.2 billion in September, the Census Bureau said, after a 0.3% gain in August.
What happened to oil, yields and gold?
Brent futures fell $1.17, or 1%, to settle at $103.60 a barrel, their lowest close since Oct. 7, and U.S. West Texas Intermediate crude fell 37 cents to settle at $96.09, Reuters reported. Brent's front month is January, since December expired on Oct. 30; WTI's is December. Reuters said traders weighed talks to end the wars in Iran and Ukraine against recent attacks.
The 10-year Treasury yield rose to 4.95% from 4.91%, and the 2-year rose to 4.61% from 4.59%, Treasury data showed. Gold futures were about $3,938 an ounce late Tuesday, down about 0.8%, Yahoo Finance data showed.
How did Canada and Brazil trade?
Canada's S&P/TSX Composite fell 0.75%, and Shopify lost 8.02% in Toronto, Yahoo Finance data showed. Brazil's Ibovespa fell 1.43% in its first session since Friday, and Trading Economics said Petrobras was the biggest drag as it reacted to oil's slump during Monday's holiday. Petrobras preferred shares fell 3.79%, Yahoo Finance data showed.
Where does the election stand?
Voting in the U.S. midterm elections was under way as markets closed. The first polls close at 6 p.m. ET (23:00 GMT) in Indiana and Kentucky, and New York closes at 9 p.m. ET, according to The Green Papers. Results will come in after the close.
This morning's day-ahead guide set up the session. See the Europe Tuesday recap and Monday's U.S. session recap. The markets page tracks the latest numbers.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Yahoo Finance, Stock market today: Dow slips, S&P and Nasdaq gain as chip stocks rally, focus shifts to midterm elections (Nov. 3, 2026)
- Investing.com, S&P 500, Nasdaq end higher as AI trade rebounds on U.S. midterm elections day (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)
- 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)
- AMD, third-quarter 2026 results (SEC filing) (Nov. 3, 2026)
- Arista Networks, third-quarter 2026 results (SEC filing) (Nov. 3, 2026)
- Amgen, third-quarter 2026 results (SEC filing) (Nov. 3, 2026)
- Booking Holdings, third-quarter 2026 results (SEC filing) (Nov. 3, 2026)
- Gartner, third-quarter 2026 results (SEC filing) and Dynatrace, second-quarter fiscal 2027 results (SEC filing) (Nov. 3, 2026)
- Trading Economics, Brazil stock market and Canada stock market
- The Green Papers, 2026 general election polling hours
- U.S. Treasury, Daily Treasury par yield curve rates, 2026
- Yahoo Finance, daily chart data for the S&P 500, Dow, Nasdaq Composite, Russell 2000, VIX, S&P/TSX Composite, Ibovespa, PHLX Semiconductor Index, gold futures, AMD, Arista, Amgen, Booking, Fabrinet, Fiserv, Oracle, Microsoft, Micron, Nvidia, Apple, Pfizer, Archer-Daniels-Midland, Shopify, Shopify (Toronto), Sysco, Thomson Reuters, Gartner, Dynatrace and Petrobras