Update: US Equity Indexes Mixed as Apple's Results Underwhelm on Election Day

12:50 PM EST, 11/03/2026 (MT Newswires) -- (Updates with index/price moves and company/geopolitical news from the first paragraph.) US equity indexes traded mixed after Apple's underwhelming quarterly results and as investors awaited midterm election results amid rising government bond yields. The Nasdaq jumped 1% to 25,419.1, and the S&P 500 climbed 0.5% to 7,578.2 after midday Tuesday. The Dow Jones Industrial Average fell 0.5% to 51,748.5. Apple (AAPL) shares fell 2.1%, among the Dow's worst performers, after the company issued a lower-than-expected margin forecast for fiscal Q1, taking the shine off fiscal Q4 earnings and revenue topping analyst expectations. Investors will be watching the US midterm elections, as the outcome could reshape expectations for taxation, government spending and regulation over the next two years. All 435 seats in the House of Representatives, along with 35 of the Senate's 100 seats, are up for election. Iran and the US are reviewing the latest proposals from mediators on how to resolve their differences and avoid a return to all-out war, Bloomberg reported, citing a diplomat briefed on the matter. The front-month West Texas Intermediate crude oil contract declined 0.7% to $95.83 per barrel, and global benchmark Brent slid 1.3% to $103.38 per barrel. Most US Treasury yields rose, with the two-year climbing four basis points to 4.62%, the 10-year rising 6.4 basis points to 4.96%, and the 30-year increasing 5.6 basis points to 5.33%.