Democrats win the House and Senate. NQ fell 896 points overnight, then recovered as AMD jumped 7%. ADP, ISM services and the Treasury refunding today.
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Today's Pre-Market News
Wednesday, Nov 4, 2026Edition No. 3Every trading day · 6:00 AM ET
Today's Pre-Market News, Edition No. 3: futures, key levels, what to watch and volatility risk
The setup
Democrats won control of both the House and the Senate in Tuesday's midterms, giving Washington a divided government for the rest of President Trump's term (CBS, NBC, NPR). Futures reacted fast: NQ fell from 28,512 at 6:35 PM to 27,615.75 at 10:07 PM, a drop of 896 points, as traders weighed the outlook for spending, regulation and the AI build-out. The selling did not last. AMD jumped about 7% after hours on revenue of $13.4 billion (+45%), data-center sales near $8.5 billion (+97%) and a Q4 guide of about $17 billion; Arista rose about 9% on revenue of $3.66 billion. By 4 AM, NQ was back above Tuesday's close, near 28,350. Gold is up 2.8% above $4,000 and the dollar is down 0.5%. On Tuesday, the Nasdaq rose 0.8% and the S&P 500 0.4%, while the Dow lost about 197 points as Apple fell 1.9%.
Currencies (4:15 AM ET vs Tue 5 PM)
EUR/USD1.1259+0.60%USD/JPY158.30+0.24%
GBP/USD1.3491+0.61%USD/CAD1.3950−0.24%
AUD/USD0.7009+0.13%Dollar DXY101.39−0.47%
Overnight: Japan's Nikkei fell about 3%, European futures about 1.4% (TradingView). Bitcoin dipped toward $75,600, then recovered near $78,230 (+1.2%). Dow futures +0.6%.
Risk windows today (ET)
8:15 AM: ADP employment (69K exp.).
8:30 AM: trade balance and the Treasury's quarterly refunding announcement (bond supply).
9:30 AM: the overnight range is wide: O/N high NQ 28,512, O/N low 27,615.75, Tuesday's close 28,300.75.
10:00 AM: ISM services (54.8 exp.). 10:30 AM: EIA crude inventories.
After 4:00 PM: Qualcomm, AppLovin, MercadoLibre. Friday 8:30 AM: October jobs report.
Full U.S. calendar today (ET)
TimeReleaseExp.Prior
07:00MBA Mortgage Applications——
08:15ADP Employment Change69K90K
08:30Treasury Refunding Announcement——
08:30Balance of Trade-$108B-$105.6B
08:30Goods Trade Balance—-$132.07B
08:30Exports—$315.18B
09:45S&P Global Services PMI Final——
09:45S&P Global Composite PMI Final——
10:00ISM Services PMI54.854.9
10:00ISM Services Prices—74
10:00ISM Services Employment—50.1
10:00ISM Services New Orders—59.8
10:00ISM Services Business Activity—56.5
10:30EIA Crude Oil Stocks Change1.75M-1.892M
10:30EIA Gasoline Stocks Change-0.75M3.87M
10:30EIA Distillate Stocks Change0.3M-1.462M
10:30EIA Cushing Crude Oil Stocks Change—-0.624M
10:30EIA Refinery Utilization Change0.3-0.6
Earnings before the open: Uber, McDonald's, CVS Health, Datadog, Emerson, Grainger (GWW), Novo Nordisk.
After the close: Qualcomm, AppLovin, MercadoLibre, McKesson, Motorola Solutions, Coherent, Air Products, MetLife, Allstate, Aflac, Edwards Lifesciences.
Rest of the week: Thu jobless claims (196K exp.), productivity and unit labor costs 8:30, Airbnb (AMC) · Fri 8:30 October jobs report (65K exp., 29K prior; unemployment 4.2%), Michigan sentiment 10:00.
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Sources: Yahoo Finance and TradingView (prices, calendar, news), Reuters, CBS News, NBC News, NPR. Educational content only. Not financial advice. Futures trading involves substantial risk of loss and is not suitable for every investor.

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