US Close 3 November 2026: S&P 500 +0.36% as Chips Rebound and Apple Falls; AMD Guides to $17 Billion After the Bell
S&P 500 close: 7,568.92 (+0.36%) Breadth: 99 advancers / 150 decliners Sentiment: mixed
The S&P 500 closed at 7,568.92 on 3 November 2026, up 0.36%, as XLK.US gained 1.31% and SOXX.US 2.50%, which ended a three-day losing streak. AAPL.US fell 1.90% on its margin forecast and the Dow lost 0.38%, and SHOP.US fell 8.74%. After the close, AMD.US guided fourth-quarter revenue to about $17 billion against $16.23 billion expected, per LSEG via Reuters.
What moved the index
The S&P 500 gained 36 bps on 3 November 2026, and technology alone added about 53 bps.
- Technology: XLK.US +1.31% at about 40% of SPY.US, worth about +53 bps. SOXX.US regained 2.50% of Monday's 3.79% loss, and ORCL.US rose 5.85% a day after its $20 billion raise.
- Communication services and industrials: XLC.US +1.18% and XLI.US +0.95%, together worth about +19 bps. ETN.US led power names after raising its 2026 forecasts.
- Staples, financials and consumer discretionary: XLP.US -2.07%, XLF.US -0.64% and XLY.US -0.70%, together worth about -22 bps, on results from SYY.US, ADM.US, KDP.US and APO.US.
Together, these drivers sum to about +50 bps. The other 5 sectors subtract about 10 bps, and the remaining gap of about 4 bps to the actual +36 bps reflects SPY.US weights that use Morningstar sector classes, which do not map exactly to the SPDR sectors.
Five stocks added more than the whole index gain: NVDA.US +2.29% (about +19 bps), MSFT.US +2.74% (about +16 bps), AVGO.US +3.07% (about +8 bps), AMZN.US +2.06% (about +8 bps) and META.US +2.36% (about +6 bps). AAPL.US subtracted about 14 bps. RSP.US, the equal-weight S&P 500 fund, fell 0.33%, a 69 bps gap to the index.
Session highlights
The S&P 500 traded between 7,557.60 and 7,594.24 on 3 November 2026 and stayed above Monday's 7,541.40 close throughout.
- SOXX.US +2.50%. SNDK.US +4.78%, AMD.US +3.65% before its report, AVGO.US +3.07%, MU.US +2.58% and WDC.US +2.59%.
- ETN.US +7.00% on Q3 adjusted EPS of $3.68 against $3.54 expected. GEV.US +6.49%, PWR.US +5.77% and VRT.US +5.23% after Bernstein said political risk to US data center construction is smaller than the market fears, per 24/7 Wall St.
- BE.US +9.05% after a Barclays upgrade and a memorandum with California Resources on 1 gigawatt or more of power.
- AAPL.US closed -1.90% against -4.24% at 7:36am ET; PLTR.US -1.65% against -5.91%; SHOP.US -8.74% against -16.18%.
- SHOP.US reported revenue of $3.74 billion against $3.75 billion and GMV of $119.15 billion against $120.08 billion, per Bloomberg data via Yahoo Finance.
- LEN.US -5.42%, DHI.US -5.03% and BLDR.US -6.21% as the 10-year Treasury yield rose 5.8 bps to 4.95%; HD.US -2.20% and LOW.US -2.19% after +3.63% and +4.34% on Monday.
- $77,850 on bitcoin, +1.50%. COIN.US +5.53%, IREN.US +11.08% and CRWV.US +7.16%.
- 51,786.72 on the Dow, -0.38%. The Nasdaq rose 0.83% to 25,372.01, the Russell 2000 0.23% to 2,812.45, and the VIX fell 1.51% to 20.83.
September JOLTS job openings came in at 7.5 million against 7.1 million expected, with quits at 3.4 million and layoffs at 1.6 million, per BLS. September factory orders rose 1.8% to $677.2 billion against +1.1% expected, per the Census Bureau. Brent settled 1.12% lower at $103.60 and WTI 0.38% lower at $96.09 on hopes for US-Iran talks, per CNBC. December gold fell 0.91% to $3,933.60.
Sector scorecard
XLK.US led the SPDR sector funds on 3 November 2026 at +1.31%, and XLP.US trailed at -2.07%.
- Best: Technology, XLK.US (+1.31%)
- Worst: Consumer staples, XLP.US (-2.07%)
- Dispersion (best minus worst): 3.38 pts
- Staples: XLP.US -2.07%, with SYY.US -9.33%, KDP.US -5.65% and ADM.US -6.82% against WMT.US -2.22% and COST.US -2.05%
- Also higher: XLC.US +1.18%, XLI.US +0.95%, XLRE.US +0.07%; also lower: XLB.US -2.01%, XLE.US -0.85%, XLY.US -0.70%, XLF.US -0.64%, XLU.US -0.57%, XLV.US -0.31%
Top movers
AEHR.US led the names above a $2 billion market value on 3 November 2026 at +26.50%, and DT.US fell furthest at -14.69%.
| Ticker | Move | Reason |
|---|---|---|
| AEHR.US | +26.50% | Fiscal Q1 revenue +200% to $33.0 million; bookings $46.7 million; outlook raised |
| HUT.US | +15.90% | Bitcoin miners rebounded before its 4 November report, per 24/7 Wall St. |
| FN.US | +15.45% | Fiscal Q1 EPS $4.34 against $4.19 expected, per Benzinga |
| GLXY.US | +15.35% | Q3 adjusted EPS 83 cents against 11 cents expected; $200 million buyback |
| NBIX.US | +13.42% | Q3 revenue about $1.1 billion, about +41%; forecast raised |
| DT.US | -14.69% | Margin outlook cut 150 bps on the Arize acquisition |
| IT.US | -13.19% | Revenue $1.50 billion against $1.53 billion; adjusted EPS $3.59 against $2.93 |
| TRI.US | -9.87% | Investors cited higher AI spending despite organic revenue +10%, per Reuters |
| SYY.US | -9.33% | Revenue $21.7 billion against $22.02 billion expected |
| ZBRA.US | -8.76% | Adjusted gross margin -220 bps to 46.0% on memory costs |
FISV.US also rose 12.46% on Q3 adjusted EPS of $1.75 against $1.72 and a doubled Project Elevate savings target.
After-hours earnings
AMD reported third-quarter revenue of $13.38 billion on 3 November 2026, against $13.08 billion expected, per Bloomberg data via Yahoo Finance.
- AMD.US: EPS $2.09 against $1.97. Data center revenue $8.55 billion, +97%, against $8.20 billion estimates, per Reuters. Q4 revenue guide about $17 billion, plus or minus 3%, and adjusted gross margin about 55%, against 56% in Q3. Post-market quote $527.58, +9.03%, at 4:38pm ET; the 5:00pm ET call starts after this data cut.
- ANET.US: Q3 revenue $3.66 billion, +58.5%, and adjusted EPS $1.20 against $1.08, per Seeking Alpha. Q4 revenue guide $3.9 billion to $4.0 billion. Post-market quote $184.90, +8.82%, at 4:38pm ET.
- SMCI.US: Fiscal Q1 net sales $19.9 billion, above its preliminary $18.5 billion to $19.5 billion, with non-GAAP gross margin of 12.8%. Fiscal 2027 sales guide $72 billion to $82 billion. Post-market quote $34.10, +8.63%, at 4:38pm ET.
- XYZ.US: Cash App gross profit +27% and Square +14%; 2026 gross profit outlook raised to $12.63 billion from $12.51 billion, per Reuters. Post-market quote $82.20, +8.16%, at 4:38pm ET.
- AMGN.US: Q3 revenue +8% to $10.4 billion and non-GAAP EPS $6.45; 2026 revenue guide $38.9 billion to $39.7 billion. Post-market quote $450.00, -2.44%, at 4:38pm ET.
Notable announcements
CVR Energy agreed on 3 November 2026 to buy two Marathon Petroleum refineries for $4.2 billion and to sell $750 million of stock, per Reuters and Benzinga.
- CVI.US -13.09% on the deal and the share sale; MPC.US -0.71% despite beating third-quarter profit estimates.
- APO.US -4.95% after adjusted net income of $2.07 per share missed estimates, per Investing.com; assets reached $1.07 trillion, per Reuters.
- KDP.US -5.65% after revenue of $7.34 billion beat estimates and US coffee demand softened, per Benzinga.
- ADM.US -6.82% after revenue of $22.34 billion missed estimates.
- CRWD.US +1.19% after agreeing to buy Fiddler AI and Dreadnode for a reported combined $495 million, per the WSJ via Yahoo Finance.
Next session catalysts (ET)
Midterm results for all 435 House seats and 35 Senate seats arrive from the evening of 3 November 2026. CNBC said prediction markets put Democratic Senate control near 75%, and analysts told CNBC that Democratic control of both chambers could weigh on AI stocks when trading resumes.
- Tue 3 Nov, evening: House and Senate results.
- Wed 4 Nov, 8:30am: ADP employment and September trade.
- Wed 4 Nov, 10:00am: ISM services. OKTA.US joins the S&P 500 the same day.
- Wed 4 Nov, earnings: DDOG.US and HUT.US report; APP.US holds its call at 5:00pm.
- Fri 6 Nov, 8:30am: October employment report.
Context only, not financial advice. Track your own trades with Swingfolio.