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Nakagai Daily Brief

Tue Nov 3, 2026

Before the open, every trading day

Premarket

S&P 500SPY
-0.10%
at 751.29, 8:19 AM ET
Nasdaq 100QQQ
+0.33%
at 683.44, 8:19 AM ET
DowDIA
-0.65%
at 515.94, 8:19 AM ET
Russell 2000IWM
+0.00%
at 279.19, 8:18 AM ET

Premarket price against the prior close, 15-minute delayed, from all US exchanges.

Tech led the sell-off and Apple slides premarket as midterms near.

Tone

The S&P 500 closed down 0.49%, the Nasdaq 100 down 1.35%, the Dow up 0.44%, the Russell 2000 flat. Premarket trading is mixed: the Nasdaq 100 0.33% higher, the Dow 0.65% lower, the S&P 500 0.1% lower. The structure score of 36, leaning bearish, reflects an index near its range low and below its short-term average. The longer trend is still up, so the weakness is recent.

Futures are mixed ahead of the midterms. Howard Marks questioned Anthropic's valuation above $1.5 trillion, a cautionary note on AI stocks. Apple is the biggest company story: a record quarter and a booming iPhone business, yet the stock slides premarket. Its size makes the slide matter for the tech trade.

Job openings data comes at 10:00 ET. Shopify, Pfizer, Eaton, Marathon Petroleum and Ferrari report before the open. AMD, Amgen, Arista Networks, Booking Holdings and Suncor follow after the close.

Structure

Leaning bearish36/100

Describes where SPY stands now. Not a forecast.

  • SPY below its 20-day average+0
  • 20-day average above the 50-day+25
  • In the lower third of its 20-day range+1.33
  • Premarket -0.1% vs prior close+10.01

News

  1. 1
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  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8

Today

Economic releases

Earnings

  • AMDAdvanced Micro Devices, Inc.after close
  • AMGNAmgen Inc.after close
  • ANETArista Networks, Inc.after close
  • SHOPShopify Inc.pre-market
  • PFEPfizer, Inc.pre-market
  • ETNEaton Corporation, PLCpre-market
  • MPCMarathon Petroleum Corporationpre-market
  • BKNGBooking Holdings Inc.after close
  • SUSuncor Energy Inc.after close
  • RACEFerrari N.V.pre-market

Key levels

LevelS&P 500SPYNasdaq 100QQQDowDIARussell 2000IWM
Prior close752.04681.22519.29279.20
Prior high763.84699.41523.68283.18
Prior low751.61680.34519.19278.89
5-day high773.33726.09525.59285.25
5-day low750.38680.34515.11276.91
Premarket751.29683.44515.94279.19

Informational only. Not financial advice.

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