Pre-market briefing Pre-market Briefing, November 4, 2026
Today at a Glance
Previous Day Summary
Yesterday, the S&P 500 closed up 0.36% at 7,568.92. The Nasdaq rose 0.83%, while the Dow fell 0.38%. Technology, Communication Services, and Industrials drove the indices higher, while Consumer Staples, Materials, and Energy were weak.
Current Market Sentiment
Overnight, futures fell as much as 1.4% following the confirmation of a landslide victory for the Democratic Party. Buying pressure returned after President Trump stated he would accept the results and cooperate with the Democrats. The market atmosphere is shifting focus back to earnings and interest rates rather than political uncertainty. Neo-cloud and defense stocks are weak due to concerns over data center regulations, while renewable energy and healthcare are strong. As risk appetite has not fully recovered, the index gains are remaining in the 0.2% range.
Pre-Market News Roundup
Today's Events
Macro Schedule
Expected at 69,000, which is a slowdown from the previous 90,000. This is an opportunity to confirm whether private sector employment is cooling. If employment is stronger than expected, Treasury yields will rise again, placing pressure on interest-rate-sensitive growth stocks. Conversely, if it is weak, expectations for interest rate cuts will revive.
Released at midnight the following day. Expected at 54.8, nearly identical to the previous 54.9. A reading above 50 indicates economic expansion. If the services price index rises alongside it, inflation concerns may resurface.
Ex-Dividend Date
Stocks to Watch
Alphabet is a stock that could see discussions on data center regulations intensify following the Democrats' control of Congress. As it has a high proportion of investment in AI infrastructure, it reacts sensitively to policy statements. Eli Lilly is seeing renewed attention in the obesity drug competition landscape, immediately following Novo Nordisk's upward outlook revision this morning due to strong sales of Wegovy oral tablets. Mastercard is directly affected by regulatory discussions, as the Democrats may reintroduce legislation to cap credit card interest rates.
Today's Action Guide
On days with high volatility, we hope you maintain your principles throughout the day.
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