The Stock Market Today, November 3, 2026, Ended Mixed as Chip Stocks Lifted the Nasdaq and Apple Weighed on the Dow

8:07 p.m. ET

Closing summary: chip stocks lift the Nasdaq, then futures turn lower as election results come in

Tuesday ended mixed. The Nasdaq Composite rose 0.83%, and the S&P 500 rose 0.36% to end a three-day losing streak, while the Dow fell 197 points, weighed down by Apple, CNBC reported. At the 4:00 p.m. ET close, the QQQ fund that tracks the Nasdaq-100 was up 0.62% and the DIA fund that tracks the Dow down 0.44%, StockTitan's data show. Brent crude settled 1.12% lower at $103.60 a barrel, CNBC said.

The biggest moves followed company news. Aehr Test Systems and Clarivate ended among the top gainers, and Aurora Cannabis rose after Organigram agreed to buy it. Stevanato Group fell after it said it expects less revenue from GLP-1 drugs. Apple fell after its margin forecast disappointed investors, CNBC reported.

In after-hours trading, AMD's last trade at 7:59 p.m. ET was 5.02% above its regular-session close, and Arista Networks' was 9.48% higher, StockTitan's data show. At the same time, Amdocs' last trade was 45.06% lower, Nurix Therapeutics' 32.61% lower and Skyworks Solutions' 17.35% lower.

Stock futures turned lower in the evening. S&P 500 futures were down 0.6%, Nasdaq-100 futures 0.5% and Dow futures 252 points, or 0.5%, CNBC reported at 7:48 p.m. ET. On Kalshi, a market where traders bet on events, the odds of Democratic control of the Senate rose to around 90%, and of the House to 97%, CNBC said. CNBC had not called any races. AMD's gain shrank as futures fell, and other chip stocks that had risen with it turned lower, CNBC reported.

7:03 p.m. ET

Stock futures trim their gains as traders wait for the election results

Stock futures trimmed their early evening gains as the election results began to come in. S&P 500 and Nasdaq-100 futures were each up 0.1%, and Dow futures were down 50 points, or 0.1%, CNBC reported at 6:54 p.m. ET. At 6:02 p.m. ET, Nasdaq-100 futures had been up 0.5%. CNBC had not yet called any races.

Some on Wall Street think a large Democratic majority in the Senate could weigh on stocks tied to the artificial intelligence buildout on Wednesday, CNBC reported. Investors fear such a win could bring more limits on data centers, it said. At 7:00 p.m. ET, AMD's after-hours gain had narrowed to 6.56% from its regular-session close, and Arista Networks was up 10.94%, StockTitan's real-time data show.

Flotek, which sells data analytics and chemistry services to energy and industrial customers, was up 22.64%, among the top after-hours gainers. Its quarterly revenue more than doubled to $114.4 million, and it raised its 2026 forecast (Flotek release).

6:04 p.m. ET

AMD lifts stock futures as Amdocs sinks after its forecast

AMD's results lifted stock futures in the evening, as the first election results began to come in. Nasdaq-100 futures were up 0.5% and S&P 500 futures up 0.2%, while Dow futures were slightly lower, CNBC reported at 6:02 p.m. ET. AMD had the biggest influence on futures, and Nvidia, Intel and Micron rose with it, CNBC said. At 6:00 p.m. ET in after-hours trading, AMD was up 7.73% and Arista Networks 13.00% from their regular-session closes, StockTitan's real-time data show.

Two companies fell hard after their reports. Amdocs, which makes software for phone companies, was down 43.14% at 6:00 p.m. ET. It expects its revenue to fall 14.3% to 17.9% in its new fiscal year. It said that forecast reflects a dispute with its customer T-Mobile, in which each company says the other broke their contracts (Amdocs release).

Skyworks Solutions, which makes radio frequency chips for phones, was down 17.15%. It has just combined with Qorvo, and it expects December-quarter revenue of $1.80 billion to $1.90 billion. The middle of that range is about 7% below what the two companies sold together in the September quarter (Skyworks release).

5:05 p.m. ET

AMD and Arista jump after the close as their sales beat their own forecasts

After the bell, the evening's company results took over the story. At 5:00 p.m. ET in after-hours trading, AMD was up 8.29% from its regular-session close, StockTitan's real-time data show. Its third-quarter revenue rose to a record $13.4 billion, above the top of its own forecast, as its data center sales nearly doubled (AMD release, AMD earnings article). AMD expects about $17 billion in revenue in the fourth quarter.

Two companies that sell equipment for data centers also rose. Arista Networks, which makes network switches, was up 14.20%. Its revenue rose 58.5% to about $3.66 billion, above its own forecast (Arista release, Arista earnings article). Super Micro Computer, a server maker, was up 8.32% after record quarterly sales (Supermicro release, Super Micro earnings article).

Duolingo, the language learning app, was up 12.29%. Its daily users grew 29% from a year earlier, the company said (Duolingo release, Duolingo earnings article). Nurix Therapeutics, a drug developer, was down 33.97%. Sanofi is ending its work on a drug candidate that came out of its partnership with Nurix, so Nurix no longer expects payments tied to it (Nurix release).

4:05 p.m. ET

The Nasdaq ends the regular session higher as Apple keeps the Dow down

The regular session ended with the Nasdaq up and the Dow down. The Nasdaq side won back some of the ground it lost in the afternoon. At the 4:00 p.m. ET bell, the QQQ fund that tracks the Nasdaq-100 was up 0.62% from Monday's close, against 0.45% at 3:01 p.m. ET, StockTitan's real-time data show. The SPY fund that tracks the S&P 500 was up 0.30%, and the DIA fund that tracks the Dow was down 0.44%.

Apple cut its loss in the last hour. It ended down 1.90%, about $94 billion below its market value at Monday's close. Aehr Test Systems and Clarivate ended among the biggest gainers after their results, and Stevanato Group among the biggest losers.

AMD reports its results after the close, and the midterm election results come in tonight.

3:04 p.m. ET

The Nasdaq gives back part of its gain as Apple slides further

Stocks lost ground in the last hour, and Apple fell further. At 3:01 p.m. ET, the QQQ fund that tracks the Nasdaq-100 was up 0.45% from Monday's close, half its 0.90% gain at 2:01 p.m. ET, StockTitan's real-time data show. The SPY fund that tracks the S&P 500 was up 0.22%, and the DIA fund that tracks the Dow was down 0.47%. Apple was down 2.63%, about $130 billion below its market value at Monday's close.

The rise was narrow even before that. Technology was the best of the 11 S&P 500 sectors, up 1.4% in afternoon trading, CNBC reported at 2:17 p.m. ET. Six sectors were down, led by materials and consumer staples. More of the index's stocks were falling than rising, 291 against 211, CNBC said.

Two more companies that reported results joined the gainers. At 3:00 p.m. ET in regular trading, Clarivate, a data and analytics company, was up 24.10%. It updated its 2026 forecast after it finished selling its life sciences and healthcare business early (Clarivate release). Columbus McKinnon, an industrial equipment maker, was up 16.37%. Its quarterly sales more than doubled to $539.3 million after an acquisition, and it raised its full-year forecast (Columbus McKinnon release).

2:03 p.m. ET

The Dow cuts its loss to 100 points as the Nasdaq extends its gain

Stocks climbed further since late morning. The Nasdaq Composite was up 1.1% and the S&P 500 up 0.6% in CNBC's 1:20 p.m. ET update. The Dow was down 100 points, still weighed down by Apple, CNBC said. At 2:01 p.m. ET, Apple was worth about $93 billion less than at Monday's close.

Shopify's quarterly revenue of $3.74 billion came in just below the $3.75 billion analysts expected, according to LSEG data cited by CNBC. It also missed estimates for its subscription gross profit and for the value of orders on its platform, CNBC reported. Shopify was down 5.95% at 2:01 p.m. ET in regular trading (Shopify release).

Two more companies that reported results joined the gainers. At 2:00 p.m. ET in regular trading, SI-BONE, a medical device maker, was up 17.36%. Its third-quarter revenue rose 14.5% to $55.7 million, and it reaffirmed its 2026 revenue forecast (SI-BONE release). BETA Technologies, which makes electric aircraft, was up 16.34%. Its record quarterly revenue of $17.7 million nearly doubled, and it raised its 2026 revenue forecast (BETA release).

1:04 p.m. ET

The Nasdaq holds its gain into the afternoon as Bill Ackman warns the market is broken

The market's split held into the afternoon. At 1:03 p.m. ET, the QQQ fund that tracks the Nasdaq-100 was up 0.90% from Monday's close, StockTitan's real-time data show. The SPY fund that tracks the S&P 500 was up 0.51%, and the DIA fund that tracks the Dow was down 0.34%.

A well-known investor sounded a warning. Bill Ackman, who runs the investment firm Pershing Square, told CNBC he worries that the stock market is broken. He said speculative trading with a lot of borrowed money is leading to "massive moves in stocks."

A company that reported this morning joined the gainers. Xometry, an online marketplace for custom manufacturing, was up 17.64% at 1:01 p.m. ET in regular trading. Its third-quarter revenue rose 40% to a record $252 million (Xometry release). Sysco fell further and was down 9.00% at the same time. The food distributor cited soft restaurant traffic and higher than expected fuel costs in its quarter (Sysco release).

12:04 p.m. ET

The Dow trims its loss as chip stocks keep the Nasdaq higher

The Dow cut part of its loss in the last hour, while the Nasdaq held its gain. The Nasdaq Composite was up 0.8% and the S&P 500 up 0.4% in CNBC's 11:44 a.m. ET update. The Dow was down 217 points, or 0.4%, still weighed down by Apple, CNBC said. Investors moved back into big tech stocks after their recent drop, according to CNBC.

Not everyone thinks the worst is over. Shawn Snyder of Potomac Fund Management believes the market is not out of trouble yet, CNBC reported. He said concerns about the cost of capital and the debt financing needed are "going to persist for quite some time." The cost of capital is what it costs companies to raise money.

Palantir slid further. At 12:01 p.m. ET its market value was about $13 billion below Monday's close, a gap that had been about $6 billion at 11:02 a.m. ET. Apple's loss in market value shrank to about $107 billion at the same time.

11:05 a.m. ET

Nasdaq widens its gain as chip stocks climb and Apple keeps the Dow lower

The Nasdaq added to its gain in the last hour as chip stocks kept climbing. The Nasdaq Composite was up 0.8% and the S&P 500 up 0.3% in CNBC's 10:57 a.m. ET update. The Dow was down 264 points, weighed down by Apple, CNBC said. AMD and Broadcom led the chip gains, according to CNBC.

Investors are also looking ahead to tonight's midterm election results. The market is not yet priced for Democrats winning both the House and the Senate, CNBC reported. Investors and analysts told CNBC that such a result could weigh on stocks on Wednesday.

More companies that reported results joined StockTitan's board. At 11:00 a.m. ET in regular trading, Graphic Packaging was up 18.49% after it reaffirmed its 2026 cash flow outlook (Graphic Packaging release). Sportradar was up 15.62% after its revenue grew (Sportradar release). CVR Energy was down 13.3% after it proposed a $750 million stock offering, $500 million of it new shares from the company and $250 million from its controlling shareholder (CVR Energy release).

10:05 a.m. ET

Stocks open mixed as chip stocks lift the Nasdaq and Apple weighs on the Dow

The open followed the futures. The Nasdaq Composite rose 0.4% and the S&P 500 0.1% as trading began, while the Dow fell 188 points, or 0.4%, weighed down by Apple, CNBC reported. The Nasdaq-100 rose 0.5% but was still more than 10% below its recent high, CNBC said. That index tracks 100 of the largest non-financial companies listed on the Nasdaq.

Chip stocks kept rising. Micron rose 4%, and Nvidia, AMD, Broadcom and Intel each rose around 3%, according to CNBC. Oil stayed lower, with Brent crude down 1% near $103 a barrel, CNBC reported.

New names led StockTitan's board in regular trading. Ibotta, Aehr Test Systems and Aurora Cannabis led the gainers, and Stevanato Group, ADTRAN and Gartner led the losers. Some early gainers, such as Backblaze, gave back part of their rise.

9:01 a.m. ET

Chip stocks lift S&P 500 futures as oil falls on Iran deal hopes

Futures turned higher in the last hour as chip stocks bounced and oil fell. S&P 500 futures were up 0.2% and Nasdaq-100 futures up 0.8% in CNBC's 9:00 a.m. ET update. Dow futures were still down 0.2%, held back by Apple, CNBC said. Micron, AMD and Intel led the chip gains, according to CNBC.

Oil turned lower on rumors of progress toward a US and Iran deal, CNBC reported. Brent crude was down 3% at $101.54 a barrel.

Fiserv joined the gainers. It was up 10.30% at 9:00 a.m. ET in pre-market trading, after it raised its cost savings target and said it plans to buy back shares (Fiserv release). Zebra Technologies was down 14.16%, even though its results beat FactSet estimates, CNBC noted (Zebra release). Sysco, the food distributor, was down 5.79% after it reported its quarter this morning (Sysco release).

8:03 a.m. ET

Dow futures slide as Shopify joins Apple and Palantir in the morning's losses

The Dow side of the market weakened in the last hour. Dow futures were down 359 points, or 0.7%, at 7:58 a.m. ET, CNBC reported. S&P 500 futures were down 0.1% and Nasdaq-100 futures up 0.4%. Brent crude gave back most of its early gain and was only slightly higher, near $105 a barrel, CNBC said.

Shopify reported its third quarter at 7:00 a.m. ET. StockTitan's real-time data showed it down 15.82% at 8:00 a.m. ET in pre-market trading (Shopify release). Dynatrace, which reported at 6:30 a.m. ET, was down 13.30%, and Adeia, which reported after the close on Monday, was down 20.42%.

Two companies that reported after the close on Monday joined the gainers. Lattice Semiconductor rose 10.54% after record revenue (Lattice release), and Ethos rose 10.97% after its revenue more than doubled (Ethos release).

6:42 a.m. ET

Apple and Palantir fall while chip stocks rise on Election Day

The morning starts split. Apple and Palantir are sliding after their results, while chip stocks edge higher. At 5:06 a.m. ET, Dow futures were down 0.42% and Nasdaq 100 futures were up 0.46%, Reuters reported.

Oil turned higher after falling more than 7% on Monday. Brent crude was up 1.75% at $106.60 a barrel, CNBC reported in a story updated at 4:58 a.m. ET. Backblaze led StockTitan's pre-market board after its results (Backblaze release), and Compass Pathways also rose as it said it will file for FDA approval of its depression treatment within two weeks (Compass release).