Dems Retake Congress, AMD Shares Jump, Hiring Data Due
By Jacqueline Policastro | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks finished mixed Tuesday as technology shares rebounded. The S&P 500 gained 0.4% and the Nasdaq rose 0.8%, while the Dow fell 0.4%.
Chipmaker Nvidia climbed 2.3%, and Microsoft, Amazon and Meta each rose more than 2%. Apple fell 1.9% after warning that rising memory-chip costs will squeeze its profits. Most S&P 500 stocks still declined, so the gain came from a handful of large companies.
After the close, AMD reported sales of $13.4 billion, up 45% from a year earlier, as its data-center business nearly doubled. It forecast about $17 billion in sales for the current quarter, and its shares jumped about 7% in after-hours trading.
The yield on the 10-year Treasury note, a benchmark that influences mortgage and borrowing rates, rose to 4.96% from 4.91% late Monday. The move came after a report showed more job openings than economists expected.
Today’s Focus: Democrats won control of the House and Senate in Tuesday’s midterm elections, setting up a divided government when the new Congress convenes in January. The outcome will shape negotiations over taxes and spending, among other issues, during President Trump’s final two years in office.
ADP’s October private-sector employment report arrives at 8:15 a.m. ET, ahead of Friday’s government jobs report. Tuesday’s Labor Department figures showed September job openings rose to 7.52 million from a revised 7.19 million in August, though the agency characterized openings, hiring and layoffs as little changed overall.
Treasury releases its quarterly refunding announcement at 8:30 a.m. ET, detailing upcoming borrowing plans. Investors will watch for changes in the size of debt auctions and what they could mean for the bond market.
At 10 a.m. ET, the Institute for Supply Management releases its October services report. Its measures of business activity, employment and prices will offer another look at demand and costs across businesses ranging from restaurants to healthcare providers.
ON THE SCHEDULE FOR WEDNESDAY, NOVEMBER 4, 2026
-8:15 a.m. ET – October ADP National Employment Report
-8:30 a.m. ET – September U.S. trade balance and Treasury quarterly refunding announcement
-9:45 a.m. ET – October S&P Global U.S. services PMI, final reading
-10 a.m. ET – October ISM Services PMI
-10:30 a.m. ET – EIA weekly petroleum inventories
-Thursday, 8:30 a.m. ET – Weekly jobless claims and preliminary third-quarter productivity and unit labor costs
-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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