Market Wrap: Tuesday, November 3, 2026 — S&P 500, Nasdaq & Dow Jones

Today's market session saw a mixed tone, with the S&P 500 and Nasdaq Composite posting gains of 0.36% and 0.83%, respectively, while the Dow Jones Industrial Average slipped 0.38%. The uneven performance was largely driven by a rebound in chip stocks, which helped to lift the S&P 500 and Nasdaq out of a three-day losing streak. This sector-specific rally was notable, as it bucked the broader trend of a tech selloff that has been deepening in recent days.

The macro and sector drivers of today's market session were centered around the US midterm elections, which shifted focus away from the ongoing tech selloff. Oil prices also fell, contributing to the S&P 500's gain. Notably, Apple's earnings disappointment weighed on the Dow, with the stock falling after the release of its quarterly results. The mixed tone of the market session was also reflected in the performance of individual stocks, with some, such as Palantir, fighting back against losses, while others, like CoreWeave, slid on debt concerns following a partnership expansion with CrowdStrike. Overall, the market's response to the US midterm elections and the ongoing tech selloff will continue to be closely watched in the coming days.