Stock Market Today: Chip Stocks Lift Nasdaq While Apple Drags the Dow
The S&P 500 rose 0.4% and the Nasdaq gained 0.8% on Tuesday, November 3, as chipmakers rallied, while a slide in Apple pulled the Dow down 0.4%.
U.S. stocks closed mixed on Tuesday, November 3, as a rally in chipmakers lifted the Nasdaq while a drop in Apple weighed on the Dow Jones Industrial Average.
How the major indexes closed
Index | Close | Change |
|---|---|---|
S&P 500 | 7,568.92 | +27.52 (+0.4%) |
Nasdaq Composite | 25,372.01 | +207.65 (+0.8%) |
Dow Jones Industrial Average | 51,786.72 | –197.26 (–0.4%) |
Russell 2000 | 2,812.45 | +6.57 (+0.2%) |
Source: Associated Press. The S&P 500 is up 10.6% so far in 2026.
Chips lead, Apple lags
Semiconductor stocks did the heavy lifting. AMD and Broadcom each rose about 3%, and Micron and Nvidia gained more than 2%, according to StockTitan’s market recap.
Apple fell about 1.9% after its forecast for gross margin in the holiday quarter disappointed investors, even though revenue for the September quarter rose 12% to a record $114.5 billion. As one of the Dow’s 30 members, Apple’s drop helped push that index lower.
Biggest movers
- Fiserv jumped about 12.5% after raising its cost-savings target to $1 billion and announcing a $500 million buyback. Read our story.
- Shopify fell about 8.7% after revenue of $3.74 billion came in just below estimates.
- Neurocrine Biosciences rose about 13% after revenue climbed 41% to $1.1 billion.
After the bell
AMD reported record quarterly revenue of $13.4 billion after the close and guided to about $17 billion for the fourth quarter. Its shares rose in extended trading. Read our story.
Bonds and oil
The 10-year Treasury yield edged up to about 4.91%. Brent crude settled 1.12% lower at $103.60 a barrel, according to StockTitan, citing CNBC.
What’s next
Investors were also watching results from Tuesday’s U.S. midterm elections. Ahead of the open, check stock market hours and our guide on how to read a stock quote.
This article is for information only and is not investment advice.