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Tuesday, November 3, 2026 · End-of-day recap

Midterm election day: stocks, oil and Treasury yields in focus as AI earnings land after the close

Published Nov 3, 4:46 PM ET

What matters today

  1. US job openings rose to 7.52 million in September, well above the 7.15 million consensus cited by CNBC.
  2. The US 10-year Treasury yield was 4.95%, up from 4.91% the prior day, per official Treasury data.
  3. Crude oil fell for a second day on hopes for a diplomatic resolution to the Iran war, CNBC reported.
  4. Apple fell on the open after a gross margin forecast that disappointed Wall Street, CNBC reported.
  5. After the close, AMD jumped 7% on earnings and Super Micro also rose on AI server demand.

Today's session

Tuesday was US midterm election day, and headlines framed much of the session around it. Early on, Apple shares fell after its first earnings report under CEO John Ternus, with a margin forecast that disappointed. At 10:00 AM ET, September job openings came in at 7.52 million, and factory orders rose 1.8% against 1.2% expected. Oil slipped as hopes grew for US-Iran diplomacy, though ForexLive noted mixed signals from Iranian officials. After the bell, AMD rose 7% on results driven by AI chip sales, and Super Micro also gained. MarketWatch also ran a J.P. Morgan strategist's warning about the S&P 500 and the 7,500 level.

Next session

PreBell's calendar shows the ISM services survey at 10:00 AM ET on Wednesday, November 4. Election results from the midterms are also expected to keep coming in overnight.

Top headlines

  • JOLTS job openings hit 7.523 million in September, above the 7.100 million estimate, with August revised higher.ForexLive ↗
  • September factory orders rose 1.8%, ahead of the 1.2% forecast, after a 0.1% gain the prior month.ForexLive ↗
  • Apple shares fell in the morning after a margin forecast disappointed in CEO Ternus's first earnings report.CNBC Top News ↗
  • AMD rose 7% after hours on better-than-expected quarterly results, with data center revenue nearly doubling.CNBC Top News ↗
  • Super Micro shares climbed after earnings showed strong demand for AI servers.MarketWatch ↗
  • Crude oil fell for a second session as markets hoped for a diplomatic path in the Iran conflict.CNBC Top News ↗
  • Meta is seeking to raise $20 billion to $25 billion in a bond sale to fund AI spending.CNBC Top News ↗
  • CNBC looked at how a Democratic sweep of Congress might affect stocks, yields, energy, banks, defense and healthcare.CNBC Top News ↗

Written with AI from the listed sources and checked automatically. Every number links to its source.