Stock Market Today (Nov. 5, 2026): Futures Mixed After Rally

U.S. stock futures pointed in different directions early Thursday, November 5, 2026, a day after Wall Street's big post-election rally. At 5:04 a.m. ET, Dow E-mini futures were up 258 points, or 0.48%, S&P 500 futures were flat, and Nasdaq 100 futures were down 181 points, or 0.63%, according to Reuters. Chip stocks weighed on the Nasdaq, led by a slide in Qualcomm.

Where futures stood

Source: Reuters. Futures move before the 9:30 a.m. ET open, so these figures will change.

On Wednesday the Dow closed up 3.03% at 53,356.12, the S&P 500 rose 1.58% and the Nasdaq Composite gained 1.44%, according to TipRanks. Reuters said it was the S&P 500's biggest one-day percentage gain in three months. Our market close story for November 4 has the details.

Premarket movers

• Qualcomm fell 10.1% before the bell after missing estimates for smartphone chip sales, according to Reuters; TipRanks pointed to its subdued forecast. Our Qualcomm earnings story has the numbers.
• AppLovin jumped 16.4% after its quarterly beat (Reuters). See our AppLovin story.
• Snap dropped 10.1% after its revenue missed estimates (Reuters).
• Fair Isaac fell 9% after it gave no fiscal 2027 outlook (Reuters). See our FICO story.
• Other chip and data-center names slipped: Marvell was off 2.5%, Intel 1.7% and Nebius 2.5%, Reuters reported. It cited a UBS estimate that about 30% of data-center capacity expected to be added in 2028 is now at risk.

Jobless claims and the Bank of England

First-time claims for unemployment benefits fell by 6,000 to 189,000 in the week ended October 31, below an estimate of 196,000, according to Labor Department figures reported by investingLive. Continuing claims rose by 23,000 to 1.718 million in the week ended October 24. Low initial claims mean layoffs remain limited.

Overseas, the Bank of England raised its key rate by a quarter point to 4%, its first increase since August 2023, in an 8-1 vote, AP reported via Euronews. One policymaker wanted a larger half-point rise.

What to watch

• Fed speakers: at least three Federal Reserve officials, including Richmond Fed President Thomas Barkin, are due to speak, Reuters said. Reuters also noted that the Fed raised rates in September and that markets are pricing in another hike next month.
• Earnings after the close: Airbnb, Cloudflare and DoorDash are scheduled to report, according to TradingKey. TipRanks also lists DraftKings, IonQ and SoundHound.
• Friday: the October jobs report.
• Oil: Brent crude rose 1.35% to $95.91 a barrel early Thursday after dropping more than 8% on Wednesday, according to TipRanks.

New to futures and premarket trading? Our guide to stock market hours explains how trading before the open works and why early moves often fade.

This article is for information only and is not investment advice.