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Update: US Equity Indexes Mixed as Technology Outperforms Sectors While Midterm Elections Underway

Update: US Equity Indexes Mixed as Technology Outperforms Sectors While Midterm Elections Underway

MT newswireMT newswire2026/11/03 19:53
03:53 PM EST, 11/03/2026 (MT Newswires) -- (Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.) US equity indexes were mixed ahead of Tuesday's close, as technology topped sector charts on midterm election day. The Nasdaq jumped 0.9% to 25,383.2, and the S&P 500 climbed 0.4% to 7,570.2. The Dow Jones Industrial Average fell 0.5% to 51,734.9. All but three sectors fell, led by consumer staples and materials. Of the 20 worst-performing stocks with market capitalization exceeding $200 billion each, 15 were technology companies, according to data compiled by Finviz. The stock market is not yet pricing in a Democratic sweep of Congress even though some polls and most prediction markets point that way, CNBC reported, citing investors and analysts. If that scenario plays out, it could weigh on share prices Wednesday, the news report said. 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 rose 0.3% to $96.71 per barrel, while global benchmark Brent slid 0.4% to $104.40 per barrel.
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