I'll pull today's top business and market headlines for you.
Today's Top Business / Market Headlines - Tuesday, November 3, 2026
US Markets - Rebound Attempt Before Big Catalysts
•Stock futures were rising ahead of a massive week for markets and the wider economy, as midterm elections loomed and traders braced for another heavy slate of corporate earnings.
•The Nasdaq led the advance premarket, up about 0.8%, while the S&P 500 and the Dow both gained around 0.5%.
•Stock futures rose and Treasury yields eased, as falling oil prices encouraged investors to make a cautious return to risk after last week's tech selloff.
•Comes after a brutal Friday selloff: The S&P 500 dropped 1.8%, its worst day since June 5. The Nasdaq fell 2.9% as Amazon's heavy AI spending plans and Intel's weak outlook revived worries about what the AI build-out costs.
•On Friday close: The S&P 500 lost 140.32 points, or 1.82%, to 7,580.07. The Dow Jones Industrial Average fell 572.25 points, or 1.09%, to 51,770.31. The Nasdaq Composite fell 747.73 points, or 2.86%, to 25,437.00.
•Buyers were testing the waters with early dip-buying, looking to reset positioning ahead of Tuesday's vote and another wave of high-stakes corporate scorecards.
Politics & Economy - Midterms and Data in Focus
•The midterm elections are held on Tuesday. All 435 seats in the House of Representatives are on the ballot, along with about a third of the Senate. Americans vote in the midterms on Tuesday, the AI trade has to show what it can do in its next round of earnings, and the October jobs report lands on Friday.
•Today's economic calendar includes: ISM Report On Business Manufacturing PMI for October, specifically the ISM manufacturing survey for October arrives at 10:00am ET.
•The Job Openings and Labor Turnover Survey is scheduled for Tuesday, November 3 at 10:00 a.m. ET.
•Also due this week: Treasury publishes its quarterly refunding plan at 8:30am ET Wednesday, and the October jobs report at 8:30am ET Friday, November 6 is seen as deciding the December Fed meeting.
•The prolonged US government shutdown will likely delay a batch of major data releases, but private-sector reports and key earnings results will still unveil fresh insights.
•Dollar fell to a one-month low against a basket of currencies and oil prices eased significantly ahead of midterms.
Earnings - Heavy Tech Slate
•Those earnings tests arrive fast - Apple and Palantir both report after today's closing bell, and AMD posts numbers tomorrow.
•Calendar Board: Monday November 2: ISM manufacturing 10:00am, Apple and Palantir after the close. Tuesday November 3: midterm elections, Pfizer and Shopify before the bell, AMD, Arista and Block after the close.
•Other companies reporting November 3, 2026 before open: Eaton will announce third quarter 2026 earnings on Tuesday, November 3, 2026, before the opening of the New York Stock Exchange, FIS® will announce third quarter 2026 financial results on Tuesday, November 3rd, prior to market open, and Pfizer is projected to release its Q3 2026 results before the market opens on Tuesday, November 3rd.
•Block, Inc. is scheduled to report third-quarter 2026 results on Tuesday, November 3, 2026, after the market close and Thomson Reuters is scheduled to announce Q3 earnings results on Tuesday, November 3rd, before market open.
•AI fears persist: "The stock market seems a bit troubled to me, and I think that really stems from the AI fears that seem to be persistent, if not building" - Marta Norton, chief investment strategist at Empower after disappointing results from Alphabet, Amazon and Intel triggered sharp share-price declines.
Energy & Commodities
•Oil Prices Fall More Than 3% as Iran Peace Talks Ease Supply Fears, later extended to Oil Prices Fall More Than 6% as Iran Peace Talks Ease Supply Fears.
•Goldman now expects Brent to average $105 a barrel in December 2026 and $88 in 2027, up from previous forecasts of $90 and $80, respectively.
•Gold futures ticked higher, but held below $4,000 a troy ounce after slumping last week.
International & Other Top Business Headlines
•Today's global must-reads flagged by Morningstar include: Ryanair Looks to Cut Costs to Counter Higher Fuel Bill - Ryanair Holdings expects a significantly higher fuel bill for its next fiscal year and is looking at potential cost cuts to soften the blow.
•Binance Resumes Withdrawals After Suffering Biggest-Ever Crypto Hack - Binance on Sunday began allowing customers to resume withdrawals from its exchange after racing to cover its losses in the biggest cyber heist in history.
•Alstom Shares Plunge After Technical Issues Prompt Guidance Cut.
•India Business: Reliance Industries shares surge 12%, biggest single-day gain since April 2020 and Sebi backs removal of long-term capital gains tax for foreign investors.