US Close 6 November 2026: S&P 500 +0.31%, Nasdaq +1.09% as Chip Stocks Rebound and Payrolls Beat; Axon -18.18%

S&P 500 close: 7,376.86 (+0.31%) Breadth: 202 advancers / 297 decliners Sentiment: mixed

The S&P 500 closed at 7,376.86 on 6 November 2026, up 23.13 points or 0.31%, as chip stocks recovered part of Thursday's losses: SMH.US +3.62%, AMD.US +11.04% and NVDA.US +2.78%. AXON.US fell 18.18% after Axon missed third-quarter estimates and cut its 2026 revenue guidance. October payrolls rose 165,000 against 65,000 expected, and markets priced about a 78% chance of a December Fed rate hike, up from about 67% on Thursday, per Reuters.

What moved the index

The S&P 500 gained 31 bps on 6 November 2026, and nine chip stocks added about 53 bps of it.

• Chip stocks: NVDA.US +2.78% at about 7.6% of SPY.US, worth about 21 bps; AMD.US +11.04% added about 13 bps and MU.US +5.12% about 6 bps. LRCX.US +8.23%, INTC.US +7.71%, KLAC.US +6.69%, QCOM.US +5.52%, MRVL.US +5.73% and AVGO.US +0.74% added about 13 bps more. CNBC tied the bounce to buyers returning after Thursday's sell-off on concern over limits to AI data center expansion.
• TSLA.US, GOOGL.US and META.US: +4.23%, +0.78% and +0.84%, together worth about 12 bps.
• MSFT.US, AAPL.US, AMZN.US and LLY.US: -0.99%, -0.52%, -0.35% and -0.79%, together worth about -13 bps.
• Staples and financials: XLP.US -1.28% at about 5% of the index and XLF.US -0.59% at about 12%, together worth about -14 bps. JPM.US -0.84% and WMT.US -1.72%.

Together, these drivers sum to about 39 bps of the 31 bps move; the gap of about 8 bps reflects 297 decliners against 202 advancers. RSP.US, the equal-weight S&P 500 fund, fell 0.38%, 69 bps behind the index.

Session highlights

The S&P 500 opened at 7,377.65 on 6 November 2026, rose to 7,444.20, up 1.23% on the day, and closed 67.34 points below that high.

• 24,579.42 was the Nasdaq Composite close, up 264.43 points or 1.09%. The Dow fell 237.33 points or 0.46% to 51,285.73, and the Russell 2000 rose 0.89% to 2,754.11.
• -2.68% was the S&P 500's change for the week, its worst week since June, per Yahoo Finance. The Nasdaq fell 3.37%, the Dow 0.94% and the Russell 2000 2.05% from the 30 October close.
• 165,000 jobs added in October, per the Bureau of Labor Statistics. Unemployment fell to 4.1%, average hourly earnings rose 0.4%, and the BLS revised August and September up by a combined 84,000.
• 4.859% was the 10-year Treasury yield, up 2.2 bps. DXY +0.72% to 102.28 and December gold -0.94% to $4,074.90.
• 51.0 was the University of Michigan's preliminary November sentiment reading, up from 48.0, with one-year inflation expectations at 4.3% from 4.7%, per TipRanks.
• VIX 25.64, down 9.02% from 28.18 on Thursday.

Sector scorecard

XLK.US led the SPDR sector funds on 6 November 2026 at +1.45%, and XLP.US fell furthest at -1.28%.

• Best: Technology, XLK.US (+1.45%)
• Worst: Consumer staples, XLP.US (-1.28%)
• Dispersion (best minus worst): 2.73 pts
• Also higher: XLC.US +0.43% and XLI.US +0.12%
• Also lower: XLB.US -0.73%, XLRE.US -0.68%, XLF.US -0.59%, XLU.US -0.39%, XLV.US -0.06%, XLY.US -0.05%, XLE.US -0.02%
• SMH.US +3.62%, against RSP.US -0.38%

Top movers

KRMN.US led the names above a $2 billion market value on 6 November 2026 at +42.13%, and DKNG.US fell furthest at -21.30%.

IREN.US +20.02%, XERS.US +16.21% and RKLB.US +15.39% also rose; NTRA.US fell 14.59% and MCHP.US 10.02%.

After-hours earnings

Berkshire Hathaway posts its third-quarter results and 10-Q on Saturday 7 November 2026, after its Class B shares closed at $570.89, down 0.25%. Thursday's after-hours reporters traded through Friday's session:

• NET.US: +9.91% after Cloudflare guided Q4 revenue to $845 million to $846 million against $798 million expected, per CNBC.
• ABNB.US: +11.67% after Airbnb reported Q3 EPS of $3.16 against $2.85 expected and revenue of $4.87 billion.
• IREN.US: Iren reported fiscal Q1 revenue of $228 million, up from $137 million, and said more than $4 billion of expected annual recurring revenue has moved to January 2027 or later, per CNBC.
• MCHP.US: Microchip guided December-quarter revenue to $1.573 billion to $1.638 billion against $1.63 billion expected, per CNBC.
• NTRA.US: Natera's Q3 EPS of -$0.42 missed the -$0.28 estimate, and the company named a new chief executive.

Notable announcements

Lam Research's board authorized a $25 billion share buyback on 6 November 2026, and LRCX.US rose 8.23%.

• VST.US +10.55% after Vistra raised the midpoint of its 2026 profit outlook, two sessions after a 14% fall on the Texas governor's race.
• COHR.US +13.58% after a 12.98% fall on Thursday; Coherent reported Q1 revenue up 50% to $2.37 billion on 4 November.
• XERS.US: Xeris raised its 2026 revenue guide to $395 million to $405 million, from $385 million to $390 million.
• MRNA.US +5.27% after Moderna raised its 2026 revenue growth outlook to 15% to 25%, from no more than 10%, per CNBC.
• Kevin Hassett, director of the National Economic Council, said the Democratic election wins will not stop the AI data center build-out, per CNBC.

Next session catalysts (ET)

Rocket Lab and The Trade Desk report third-quarter results after the close on Monday 9 November 2026, and the Treasury auctions $58 billion of 3-year notes at 1:00pm ET.

• Sat 7 Nov: Berkshire Hathaway third-quarter results.
• Mon 9 Nov, 1:00pm: $58 billion 3-year note auction.
• Mon 9 Nov, after the close: RKLB.US and TTD.US third-quarter results.
• Tue 10 Nov, 1:00pm: $42 billion 10-year note auction.
• Tue 8 Dec to Wed 9 Dec: FOMC meeting, with about a 78% chance of a quarter-point hike priced, per Reuters.

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