Wed Nov 4, 2026

The S&P 500 rose 0.31% yesterday, the Nasdaq 100 gained 0.6% and the Dow slipped 0.44%. Premarket, all four are higher: the Dow 1.8%, the Russell 2000 1.62%, the S&P 500 0.92%, the Nasdaq 100 0.2%. The structure score is 53, balanced: the index sits near the low of its five-session range and below its short-term average, yet the premarket gap is up almost 1%. Neither signal dominates.

The midterms lead the news: futures rose as Democrats took control of Congress. AMD earnings are in focus, a test of whether PC weakness is Intel-specific. Apple drew the most company coverage: record guidance with no earnings growth, and warnings that memory prices are unprecedented, which one story calls good news for Micron.

No economic releases are listed. Earnings are heavy: McDonald's, Novo Nordisk, Uber and CVS before the open, Arm and Qualcomm after the close, plus Toyota.