Pre-market briefing Pre-market Briefing for November 3, 2026
Today at a Glance
Yesterday's Summary
Yesterday, the New York stock market saw a divergence between weakness in tech stocks and strength in cyclical stocks. The S&P 500 fell 0.51% and the Nasdaq dropped 1.07%, but the Dow rose 0.41%. Consumer discretionary, financials, and materials rose, while technology and energy declined.
Current Market Sentiment
Futures are mixed, but risk appetite is weak. Following the Nasdaq's entry into a technical correction phase, concerns regarding the financing of artificial intelligence capital expenditures continue. Oracle's $20 billion fundraising and Apple's downward revision of margin outlooks are signals moving in the same direction. Oil prices rebounded on reports that obstacles remain in Middle East negotiations, and there is a strong sense of wait-and-see as investors look to confirm midterm election results.
Pre-Market News Roundup
Today's Events
Earnings Per Share (EPS) is the profit a company earns per share.
Macro Schedule
Job openings is an indicator showing the number of positions companies are looking to fill. The estimate is 7.1 million, and the previous figure was 7,079,000. If employment demand comes in stronger than expected, expectations for interest rate cuts may diminish, potentially weighing on tech stocks.
Ex-Dividend Date
Stocks to Watch
AMD will release its earnings after today's market close. AI data center revenue and the Q4 outlook could shift the sentiment for the entire semiconductor sector. As a stock that represents the investment sentiment for AI infrastructure, NVIDIA's performance serves as a basis for judging demand across the industry. Alphabet's slowdown in search advertising and the burden of AI transition costs were revealed by last week's sharp decline, and it may react sensitively to related reports again today.
Today's Action Guide
We hope you have another calm and productive day.
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