Daily Market Commentary

Tuesday, November 3, 2026

quotes as of Nov 3, 4:49 PM PT · built 4:59 PM PT

Dow
51,786.72
-197.26 (-0.38%)
1-month +1.0%
Nasdaq
25,372.01
+207.70 (+0.83%)
1-month -7.7%
S&P 500
7,568.92
+27.52 (+0.36%)
1-month -2.6%
Russell 2000
2,812.45
+6.57 (+0.23%)
1-month -1.2%
10-yr yield
4.952%
+0.058 (+1.19%)
1-month -6.8%
VIX
20.83
-0.32 (-1.51%)
1-month +34.2%
Dollar (DXY)
101.68
-0.07 (-0.07%)
1-month -0.5%
WTI oil
96.59
+0.13 (+0.13%)
1-month +8.0%
Gold
3,935.60
-34.00 (-0.86%)
1-month -5.3%
Bitcoin
77,090
+0.21% 24h
USD, CoinGecko
Ether
2,270
+0.72% 24h
USD, CoinGecko
Bitcoin · BTC
$77,090
+0.21%
Ether · ETH
$2,270
+0.72%
Solana · SOL
$92.31
+0.16%
Sui · SUI
$0.885
+1.63%
Near · NEAR
$3.83
-0.84%
Hyperliquid · HYPE
$83.83
-0.48%

What moved markets

  • Chip stocks led a rebound on Election Day: the Nasdaq rose 0.83% to 25,372.01 and the S&P 500 gained 0.36% to …
  • Chipmakers bounced: AMD gained more than 3% ahead of its report and Broadcom 3%, while Micron and Nvidia each …
  • Apple fell 1.90%, erasing about $94 billion of market value, after a disappointing holiday-quarter gross-margi…
  • The rally was narrow: only 185 of 500 S&P 500 stocks rose, the median member fell 0.50% and the equal-weighted…
  • Earnings drove the extremes: Fiserv jumped 12.46% after raising its cost-savings target and announcing buyback…
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After hours & earnings

  • AMD rose about 7.7% after hours at 6 p.m. ET: third-quarter revenue rose 45% to a record $13.4 billion, above …
  • Arista Networks jumped about 13% after revenue rose 58.5% to about $3.66 billion and it guided fourth-quarter …
  • Super Micro Computer rose more than 5% after beating on earnings and revenue and forecasting fiscal 2027 sales…
  • Block rallied more than 8% after beating estimates and raising its full-year guidance; Duolingo rose about 12%…
  • Losers: Amdocs fell about 43% on a forecast for revenue to drop 14% to 18% amid a contract dispute with T-Mobi…
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Global & overnight

  • Asia's chip names sold off: South Korea's Kospi fell 3.59% to 5,648.79 with Samsung down about 5% at the open,…
  • Australia's central bank raised its cash rate 25 basis points to 4.85%, the highest since November 2008 and it…
  • Europe opened lower, with the Stoxx 600 down 0.62% as tech fell 2.1% and miners 2.2%; ASML, STMicro and Infine…
  • Bayer jumped as much as 5.6% after beating and raising guidance, while Schaeffler said it will cut 3,460 jobs …
  • Swiss inflation rose to a hotter-than-expected 1.5% in October on fuel costs, and Brookfield agreed to develop…
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Rates & macro

  • The 10-year Treasury yield edged up to about 4.91% and the 30-year to about 5.28%, with the 2-year steady near…
  • JOLTS openings rose to 7.523 million in September versus a 7.164 million estimate, with 1.06 openings per unem…
  • The quits rate rose to 2.1%, above 2% for the first time since June 2025, while layoffs held at a 1.0% rate, a…
  • Two Fed presidents said last week rates may need to move higher to rein in inflation; the Fed holds at 3.75% t…
  • Oil is the swing factor: Brent at $103.60 is down about $14 from Friday's six-month high, but early-day strike…
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AI-compute tracker

  • AMD's record $13.4 billion quarter, with data center sales up 97% to $8.5 billion and a roughly $17 billion fo…
  • Arista's revenue rose 58.5%, its fastest growth since its IPO by StockTitan's account, and Super Micro guided …
  • Chipmakers rebounded in regular trading, with Micron, Nvidia, AMD and Broadcom up 2% to 3%-plus, even as Kospi…
  • AI-infrastructure suppliers led S&P gainers: Monolithic Power +6.8%, GE Vernova +6.5%, Oracle +5.9%, Quanta +5…
  • Skeptics remain: Potomac's Shawn Snyder said cost-of-capital and debt-financing worries will persist, Sternlic…
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Economic calendar

  • Tue 11/3 Evening: Midterm election results (markets react Wed)
  • Wed 11/4 8:15a ET: ADP employment
  • Wed 11/4 10:00a ET: ISM Services
  • Thu 11/5 8:30a ET: Weekly jobless claims; productivity
  • Earnings: Wed 11/4 Uber, Novo Nordisk, Riot Platforms, Vishay (am); McDonald's; Lumentum; Thu 11/5 ConocoPhill…
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Earnings & big events

  • Election night: by early evening Kalshi and Polymarket traders saw more than a 90% chance Democrats win the Ho…
  • BMO's Ian Lyngen said the better Democrats do, the more nervous markets may get about AI regulation; a big Dem…
  • Friday 11/6: the October jobs report follows a strong JOLTS print; two Fed presidents said last week rates may…
  • CoreWeave reports next Tuesday with short interest above 21% of its float; the stock rose more than 5% today b…
  • Deal watch: Raymond James upgraded Lumentum to strong buy with a $1,328 target after Monday's 18.6% drop on th…
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Top movers (S&P 500)

Gainers

FISV Fiserv+12.46%
DD DuPont de Nemours+8.61%
RVTY Revvity+7.84%
APP AppLovin+7.28%
FIX Comfort Systems USA+7.08%

Decliners

IT Gartner-13.19%
SYY Sysco-9.33%
ZBRA Zebra Technologies-8.76%
BALL Ball-7.14%
ADM Archer-Daniels-Midland-6.82%

Tuesday 11/3 regular session, S&P 500 members, closing prices. source

Top movers (Nasdaq)

Gainers

APP AppLovin+7.28%
MPWR Monolithic Power Systems+6.78%
SNDK Sandisk+4.78%

Decliners

SHOP Shopify-8.74%
KDP Keurig Dr Pepper-5.65%
VRTX Vertex Pharmaceuticals-4.05%
FANG Diamondback Energy-3.70%

Nasdaq-100 members found in the S&P 500's top-20 gainers and losers (Quant500, Tuesday 11/3 closes; membership checked against Slickcharts), plus Shopify's close from StockTitan. source

Crypto

Bitcoin (BTC)
$77,090
+0.21% 24h
$77,090, up 0.2% in 24h; North Korea rejected U.S. claims tying it to the roughly $6.3 billion Binance hack. source
Ether (ETH)
$2,270
+0.72% 24h
$2,270, up 0.7% in 24h, steady alongside the chip-led stock rebound. source
Solana (SOL)
$92.31
+0.16% 24h
$92.31, up 0.2% in 24h, holding after last week's roughly 9% slide. source
Sui (SUI)
$0.89
+1.63% 24h
$0.885, up 1.6% in 24h, the best of the six; no specific catalyst reported. source
Near (NEAR)
$3.83
-0.84% 24h
$3.83, down 0.8% in 24h, still below $4 after Monday's 9% drop. source
Hyperliquid (HYPE)
$83.83
-0.48% 24h
$83.83, down 0.5% in 24h; Coinbase stock rose 5.5% today as crypto-linked equities bounced. source

No crypto spot today: none of the six moved 5% or more in 24 hours. Prices from the CoinGecko public API, about 5 PM PT Tue 11/3.