US Pre-Market 3 November 2026: Apple -4.24% on Its Margin Forecast, Shopify -16.18%; Midterm Voting Opens and AMD Reports After the Close
Sentiment: mixed S&P 500 futures: -0.07%
S&P 500 futures are -0.07%, Nasdaq 100 futures +0.34% and Dow futures -0.69% at 7:36am ET on 3 November 2026, as AAPL.US falls 4.24% on a holiday-quarter margin forecast and chip stocks regain part of Monday's loss. SHOP.US is -16.18% after third-quarter revenue of $3.74 billion matched consensus. US voters choose all 435 House seats and 35 Senate seats today, and AMD.US reports after the close.
Overnight drivers
- Apple: AAPL.US -4.24% after guiding holiday-quarter gross margin to 45% to 46%, against 46.9% expected, per Investing.com. CEO John Ternus cited rising memory costs, and the company projected slower services revenue. AAPL.US is a Dow component, and Dow futures trail the other two indices.
- Chips: SOXX.US +2.70% after -3.79% on Monday. SNDK.US +4.90%, MU.US +3.56%, AMD.US +3.00% and INTC.US +2.85%; NVDA.US +1.67% after four straight losses, per Reuters. Reuters said the Nasdaq 100 closed Monday more than 10% below its record close, which confirms a correction.
- Oil and Iran: December WTI +0.69% to $97.13, after CNBC showed +1.7% earlier in the morning and Brent at $106.60. Three US officials told CNN that US forces carried out limited strikes on Iran's Qeshm Island on Monday, and an Iranian official said a deal remains far off, per Reuters. JD Vance told CNN he feels "really good" about a possible settlement. XOM.US +0.42% and CVX.US +0.15% after -4.05% and -3.29%.
- Software: CRM.US -2.66%, DDOG.US -2.83% and TEAM.US -3.08% alongside SHOP.US and PLTR.US.
- Rates and the dollar: the 10-year Treasury yield closed Monday at 4.89%, and Investing.com showed 4.93% at 6:17am ET. DXY +0.08% at 101.83 and December gold -1.15% at $3,923.80.
US economic calendar today (ET)
Yahoo Finance's calendar for 3 November 2026 lists two September releases, both at 10:00am ET, and no 8:30am print.
- 10:00am: JOLTS job openings, 7.1 million expected against 7.09 million prior. Quits 3.09 million against 3.06 million; layoffs 1.66 million against 1.64 million.
- 10:00am: factory orders, +1.1% expected against +0.1% prior.
Monday on Wall Street
The S&P 500 closed at 7,541.40 on 2 November 2026, down 0.51%, as XLK.US fell 2.95% and outweighed gains in 8 other sectors.
- S&P 500: 7,541.40 (-0.51%)
- Nasdaq: 25,164.36 (-1.07%)
- Dow: 51,983.98 (+0.41%)
- Russell 2000: 2,805.88 (-0.21%)
- VIX: 21.15 at the close, now 21.54 (+1.84%)
AMD.US closed -7.52%, INTC.US -8.80% and DDOG.US -8.15%. Russell 2000 futures are +0.04% this morning.
Overnight Asia and Europe
South Korea's KOSPI closed at 5,648.79 on 3 November 2026, down 3.59%, and Taiwan's Taiex fell 3.59% to 43,307.54; TipRanks tied both to AI valuation concerns. The Hang Seng rose 0.57% to 23,525.97 and the Shanghai Composite fell 0.82% to 3,608.10. Japan's market closed for a holiday.
STOXX 600 -0.39% at 646.88, DAX -0.64% at 25,814.90 and FTSE 100 -0.69% at 10,686.54 at 7:36am ET.
Pre-market movers
HLIT.US leads the names below at +16.78% at 7:36am ET on 3 November 2026, and SHOP.US falls furthest at -16.18%.
| Ticker | Pre-market | Reason |
|---|---|---|
| HLIT.US | +16.78% | Q3 revenue +64% to $148.8 million; 2026 guide raised to $545 million to $555 million |
| AEHR.US | +14.77% | Fiscal 2027 revenue outlook raised to $150 million; Q1 bookings $46.7 million |
| BE.US | +6.28% | Memorandum with California Resources on 1 gigawatt or more of power |
| WAT.US | +5.76% | Q3 adjusted EPS $4.10; 2026 revenue midpoint raised by $43 million |
| MPC.US | +2.00% | WSJ: selling refineries to CVI.US for more than $4 billion |
| ETN.US | +1.05% | Q3 adjusted EPS $3.68 beat by $0.13; revenue +28% to $8.95 billion |
| PFE.US | +0.29% | Q3 adjusted EPS 87 cents against 72 cents; 2026 revenue guide $62 billion to $64 billion |
| ADM.US | +0.04% | Q3 adjusted EPS $1.77; revenue $22.34 billion missed estimates; 2026 EPS guide raised |
| AAPL.US | -4.24% | Gross margin guide of 45% to 46% against 46.9% expected |
| PLTR.US | -5.91% | Q3 revenue +96% to $2.31 billion; bookings concerns, per Investing.com |
| SHOP.US | -16.18% | Q3 revenue in line; Q4 gross profit growth guided to high twenties |
Among the 400 largest US-listed names, 329 showed a pre-market price at 7:33am ET: 141 higher, 183 lower and 5 flat.
Shopify and Palantir
Shopify reported third-quarter revenue of $3.742 billion on 3 November 2026, up 32%, against the $3.74 billion consensus, per Investing.com. GMV rose 29% to $119.15 billion, gross profit 28% to $1.78 billion and operating income 66% to $568 million, with a free cash flow margin of 22%. For the fourth quarter, SHOP.US guides revenue growth to a low-thirties percentage and gross profit growth to a high-twenties percentage. Benzinga said options had priced a 12.08% move.
PLTR.US reported revenue of $2.313 billion against about $2.17 billion expected, per Bloomberg data via Yahoo Finance, and raised its 2026 revenue guide to about $8.53 billion. Investing.com said concerns about future bookings overshadowed the results, and TipRanks cited slower contract value growth.
AMD after the close
AMD.US guided in August to third-quarter revenue of about $13 billion and a 56% adjusted gross margin, and FN2 lists consensus at $13.08 billion and EPS of $1.94. Benzinga said the stock has lost more than 24% in a month. Yahoo Finance said the reaction could depend on fourth-quarter guidance as much as the quarter, citing INTC.US last week. SMCI.US, ANET.US, AMGN.US and XYZ.US also report today.
Midterm elections
Americans vote on 3 November 2026 in all 435 House races and 35 Senate races, with results due from this evening. Yahoo Finance put Democratic Senate control at 73.1% across three prediction markets and 80.3% across two polling models. Reuters said polls and nonpartisan analysts favor Democrats to take the House and described the Senate as uncertain. Societe Generale said a Democratic House could leave a more gridlocked legislative backdrop.
What to watch
- Tue 3 Nov, 10:00am ET: JOLTS and factory orders.
- Tue 3 Nov, after the close: AMD.US results; election results from the evening.
- Wed 4 Nov: ADP employment and September trade at 8:30am ET, and ISM services at 10:00am ET. DDOG.US reports the same day.
- Fri 6 Nov, 8:30am ET: October employment report.
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