Tuesday, November 3, 2026

Markets closed with a split tape on Tuesday, November 3, 2026, as voters headed to the polls for the US Midterm Elections, balancing historical post-election optimism against near-term political uncertainty. The Nasdaq led the major averages, climbing 0.83% to 25,372.01, while the S&P 500 added 0.36% to 7,568.92, largely driven by a 2.8% rebound in Nvidia and other AI-related tech stocks that offset a sharp pre-market slide from Apple. Conversely, a surprisingly hot JOLTS report pushed the 10-year Treasury yield to 4.93%, pressuring rate-sensitive blue chips and sending the Dow Jones down 0.38% to 51,786.72, while the Russell 2000 managed a 0.23% gain to 2,812.447.

Sectors in focus:

• Power & Tech Leaders: Electrical Industrial Apparatus surged 7.37% and Heavy Construction jumped 4.26%, fueled by surging data center spending and $237M in new DOE funding for power grid supply chains. Semiconductors also climbed 4.28% on the broader Big Tech rally.
• Airlines & Grocers Lagging: Air Transportation dropped 2.98% following a series of bomb threats targeting European flights. Retail-Grocery Stores fell 2.84% after a widespread cyberattack disrupted supermarket refrigeration systems across Europe.
• Commodities & Volatility: WTI Crude edged up 0.36% to 96.81 per barrel amid supply concerns following US strikes on Iran's Qeshm Island. Gold slipped 0.90% to 3,933.8 on surging bond yields, while the VIX cooled by 1.51% to 20.83.

On the radar:

• Nov 4: ADP National Employment Report and ISM Non-Manufacturing PMI
• Nov 5: Weekly Initial Jobless Claims and Productivity & Costs (Preliminary)
• Nov 6: October Employment Situation (Nonfarm Payrolls) and Michigan Consumer Sentiment
• Nov 10 & 13: Consumer Price Index (CPI) and Producer Price Index (PPI) for October