Markets Weigh Election Results, Labor Data Due, Airbnb and Lyft Earnings Ahead
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks rallied Wednesday as investors weighed the prospect of a divided government in Washington. The Dow rose 3%, its biggest one-day percentage gain since April 2025, while the S&P 500 gained 1.6% and the Nasdaq climbed 1.4%. Treasury yields fell, and oil prices dropped sharply.
Oil prices fell as traders reassessed the outlook for the Iran conflict following the election. U.S. crude dropped 8.3% to $88.12 a barrel, while Brent, the international benchmark, fell 8.7% to $94.62.
Today’s Focus: Goldman Sachs, JPMorgan Chase and American Express traded higher before the opening bell Thursday. Longer-term Treasury yields eased, while the two-year yield was little changed. Dow futures pointed to further gains, while Nasdaq-100 futures fell roughly 0.6% in early trading.
Fresh readings on the labor market arrive at 8:30 a.m. ET, with weekly unemployment claims and the government’s preliminary third-quarter productivity and labor-cost report. The figures will offer a look at layoffs, how much workers produce per hour and the labor costs businesses face. Friday brings the broader October jobs report, including hiring, unemployment and wage growth.
The Bank of England raised its benchmark interest rate by a quarter percentage point to 4% Thursday, its first increase in more than three years.
Airbnb and Lyft report after the closing bell, offering another look at travel demand and consumer spending on transportation.
ON THE SCHEDULE FOR THURSDAY, NOVEMBER 5, 2026
-8:30 a.m. ET – Weekly jobless claims and preliminary third-quarter productivity and unit labor costs
-After the market closes – Airbnb and Lyft earnings
-Friday, 8:30 a.m. ET – October employment report
-Friday, 10 a.m. ET – Preliminary November University of Michigan consumer sentiment
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