Early results from the US midterm elections point to Democrats taking control of the House and possibly the Senate, and markets reacted on 4 Nov. Contracts for the S&P 500 fell 0.3% and Nasdaq 100 contracts dropped 0.6% after earlier gains, while the 10-year Treasury yield fell to 4.92%. The MSCI Asia Pacific Index slipped 0.2%, though South Korea's Kospi rose 1%. Brent crude dropped to $103.54 a barrel and WTI to $96.04, and the dollar weakened against Group-of-10 peers.
S&P 500
3 stories since 29 October 2026, newest first
4 November 2026
30 October 2026
Intel shares fell 29.9% to $64.54 on 30 Oct 2026, the steepest one-day drop since 1974 according to Fortune, after the chipmaker warned of negative cash flow this year and forecast fourth-quarter revenue of $15 billion to $16 billion, below analyst expectations of about $17 billion. Third-quarter revenue rose 21% to $16.51 billion from $13.7 billion a year earlier. Intel says an October explosion at its Israel fab will cost about $600 million in revenue over two quarters. Peer chipmakers including Nvidia, AMD and Broadcom also fell, and the S&P 500 dropped 1.8%.
29 October 2026
Microsoft announced a reduction of its full‑year capital expenditure target to $170 billion, down from $175 billion, while reporting $18.6 billion in free cash flow that beat expectations. Alphabet disclosed a negative free cash flow of over $9 billion for the third quarter, causing its shares to tumble between 8% and 10% in after‑hours trading. In the same period, Azure revenue grew 48% and Google Cloud revenue topped $30 billion, surpassing forecasts. Both firms face AI‑related spending pressures, with Alphabet revealing $98.5 billion in contingent AI commitments.