US stocks were mixed as Americans went to the polls for the midterm elections and braced for more gains from the Advanced Micro Devices (AMD) artificial intelligence industry. The Dow Jones Industrial Average (^DJI) fell 0.3%, while the S&P 500 (^GSPC) rose 0.2%. The tech-heavy Nasdaq Composite (^IXIC) advanced 0.5% after a turbulent day for chip stocks. This afternoon, investors will watch election results and ballot initiatives for information on potential policy changes on key issues affecting markets, including pharmaceuticals, real estate and artificial intelligence data centers. But before that, AMD will report its results after the closing bell, giving investors another view of AI demand at a precarious time for AI trading. As Intel (INTC) stock demonstrated last week, the market’s reaction is likely to depend on both Q4 guidance and the company’s bottom line and revenue results in the most recent quarter. Apple (AAPL) stock fell in early trading following its own earnings report, which showed several bright spots (iPhone sales) but also some duds (Greater China revenue). Palantir (PLTR) stock also fell after earnings even though the results beat expectations. As earnings season continues apace, the Department of Labor will release its Job Openings and Labor Turnover Survey (JOLTS) report, which will provide details on the level of job openings, hires and resignations in the U.S. LIVE 7 updates U.S. stocks mixed as midterm results loom U.S. stocks opened mixed on Tuesday as investors awaited midterm election results and more AI-related gains to come. The Dow Jones Industrial Average (^DJI) fell 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) gained 0.3% after a turbulent day for chip stocks. Meanwhile, the S&P 500 (^GSPC) rose slightly. 51,685.87 -298.11 (-0.57%) At 9:59:43 am EST. Open market. ^DJI ^GSPC ^IXIC Investors will be watching the election results on Tuesday afternoon for possible policy changes in areas such as housing, pharmaceuticals and artificial intelligence infrastructure. Before that, Advanced Micro Devices (AMD) reports after the bell, offering another read on AI demand after a sharp sell-off in chip stocks. Apple (AAPL) and Palantir (PLTR) also traded lower following their earnings reports, along with pharmaceutical maker Pfizer (PFE) and e-commerce platform Shopify (SHOP). Shopify shares sink as third-quarter revenue and total order value miss Wall Street estimates. Shares of Shopify (SHOP) plunged 15% in premarket trading on Tuesday after reporting third-quarter results that missed the mark in several key metrics. The cloud-based e-commerce platform’s third-quarter revenue of $3.74 billion came in just shy of consensus estimates of $3.75 billion for the first time since 2022, according to Bloomberg data. Subscription revenue for the quarter of $836 million also fell short of Wall Street expectations of $850.2 million, raising concerns about the growth of its core recurring revenue business. Gross merchandise volume, or the total dollar value of orders sold through the Shopify platform, was $119.15 billion, also missing estimates of $120.08 billion. Shopify’s adjusted earnings per share of $0.49 beat estimates of $0.48. Read more. Binance Co-Founder CZ Says Users ‘Didn’t Suffer Any Loss’ After $6.3 Billion Hack Yahoo Finance’s Brian Sozzi sat down with Binance co-founder Changpeng Zhao, better known in crypto circles as CZ, after hackers seized approximately $6.3 billion in digital assets from the world’s largest cryptocurrency trading platform. “It’s been quite a hectic process,” Zhao said of the aftermath of the attack. “But the good thing is that now the withdrawals have been restored and the systems are back to normal. People are now free to use the platform without any problems. And then all users’ funds are covered. Users did not suffer any loss.” Sozzi writes that Binance acted quickly to stabilize the situation by guaranteeing full restitution to customers, deploying corporate treasury reserves, Secure Asset Fund for Users (SAFU) capital, and insurance funds to replenish user balances. “There is no such thing as 100% security,” CZ added. “So when you run a platform, especially a crypto platform, the possibility is always there. I didn’t think it was going to be this magnitude, probably not.” Prediction Markets Versus Polls: The Election Forecasting Industry Faces a Midterm Test Yahoo Finance’s Ben Werschkul reports: Both prediction markets and pollsters say Democrats are favorites to win both the U.S. House and Senate on Tuesday. But prediction markets are a little less sure about that, especially on the Senate side. That is opening what could be another chapter in the growing rivalry between prediction markets and polls following the closely watched 2024 results. The upper chamber is where the differences are most evident. A small but consistent gap in Democrats’ chances of taking control of the Senate has been evident for months. The gap has averaged about 7.4 percentage points since Sept. 1, according to a Yahoo Finance analysis. On Monday it stood at 7.2 percentage points, with three prediction markets putting a 73.1% chance of Democrats taking control, while two poll-based models suggested the chances are higher, at 80.3%. Read more. The Yahoo Finance Apple chart once again showed that consumers will complain, but they will still have to pay to pay. Yahoo Finance’s Hamza Shaban writes for today’s Morning Brief newsletter: It’s not easy to shell out more than $1,000 for a new iPhone every two years. But Apple (AAPL) has proven once again that complaining about prices is not the same as not being willing to make the purchase. The company reported its quarter on Monday after the bell, posting revenue that grew 12% last quarter and beating Wall Street expectations. The company also beat earnings per share. Apple’s strong iPhone sales are a microcosm of one of the main forces driving the economy. Although people may be furious about rising prices, the indefatigable American consumer continues to resort to anger to pay. Read more. A woman uses the new foldable iPhone Duo, on its launch day at an Apple store, in Berlin, Germany, October 23, 2026. REUTERS/Annegret Hilse · Reuters / REUTERS Some highlights from Palantir’s earnings call on Monday night Palantir’s (PLTR) third-quarter revenue and earnings beat Wall Street estimates, and the company raised its full-year revenue outlook, Yahoo’s Ines Ferré reported on Monday. Finance. In another milestone, the company’s commercial business in the United States surpassed its sales to the US government for the first time. “We’ve gone from being the most attractive person in the physics department to being the captain of the football team,” Palantir CEO Alex Karp said during the earnings conference call. Good day. This is what is happening today. Economic data: JOLTS job openings, September (7.1 million expected, 7.09 million before); JOLTS leaves the level in September (3.09 million expected, previously 3.06 million); JOLTS layoff level, September (1.66 million expected, previously 1.64 million); Factory Orders, September (+1.1% expected, +0.1% before) Earnings Schedule: Advanced Micro Devices (AMD), Amgen (AMGN), Arista Networks (ANET), Shopify (SHOP), Pfizer (PFE), Eaton Corporation (ETN), Marathon Petroleum Corporation (MPC), Suncor Energy (SU), Energy Transfer (ET), Ferrari NV (RACE), Apollo Global Management (APO), Thomson Reuters (TRI), Keurig Dr Pepper (KDP), Block (XYZ), yum! Brands (YUM), Sysco (SYY) Catch up on some of the top news you may have missed overnight: Disney’s theme parks, TV and film units face big cuts, report says Palantir raises full-year outlook as US business sales accelerate Robinhood in ‘food fight’ over Anthropic IPO retail allocation Intel’s stock collapse is worsening and $3.7 Trillion Chip Drop Is Spreading Apple Beats Q4 Estimates on Strong iPhone Sales, But Misses Revenue in China
