Update: Wall Street Closes Mixed Ahead of Midterm Election Results

04:32 PM EST, 11/03/2026 (MT Newswires) -- (Updates with market moves at the end of the day, and other changes, if any.) Wall Street ended mixed Tuesday, with investors awaiting the US midterm election results. The Nasdaq Composite rose 0.8% to 25,372.01, while the Dow Jones Industrial Average fell 0.4% to 51,786.72. The S&P 500 added 0.4% to settle at 7,568.92, snapping a three-day losing streak. Most sectors were in the red, led by materials, while technology posted the biggest gain. The outcome of Tuesday's polling could reshape expectations for taxation, government spending and regulation over the next two years. "American voters will deliver a verdict on the first two years of President Donald Trump's second term in midterm elections, with polls and nonpartisan analysts favoring Democrats to wrest the House from Republicans, while the control of the Senate remains uncertain," D.A. Davidson said Tuesday in a report. All 435 seats in the House of Representatives, along with 35 of the Senate's 100 seats, are up for election. The initial wave of results is expected to roll in Tuesday evening. "Unless it's a real blow-out it could take days or weeks to get the full results including any contested outcomes," Scotiabank said in a report Tuesday. The NBC News average of national polls shows that a majority of Americans prefer a Congress controlled by Democrats. This comes as Trump's approval ratings fell to 37% as of Tuesday from 42% at the start of the year amid higher energy prices due to the Iran war, according to The New York Times' daily average of polls. In economic news, US job openings increased in September as all key metrics saw improvements, with Oxford Economics calling labor market conditions as "solid." Treasury yields were higher, with the two-year rate increasing 4.2 basis points to 4.63% and the 10-year rate adding 6.6 basis points to 4.96%. Shares of Apple (AAPL) fell 1.9%, among the worst performers on the Dow. Apple's services business faces near-term pressure amid factors including third-party licensing and foreign exchange headwinds, while rising memory costs drove a soft fiscal first-quarter margin outlook, Morgan Stanley said Tuesday in a report. Microsoft (MSFT) led the winners on the Dow, up 2.7%, after a five-day slump. Nvidia (NVDA) followed Microsoft on the index, rising 2.3% following a four-day decline. Shopify (SHOP) tumbled 8.7% as the Canadian e-commerce platform's third-quarter revenue and gross merchandise volume fell short of Wall Street's expectations. Palantir Technologies (PLTR) dropped 1.7% following the software maker's latest financial results. West Texas Intermediate crude oil edged up 0.1% to $96.56 a barrel in Tuesday late-afternoon trade, while Brent dropped 0.5% to $104.26 a barrel. The US launched an attack on Iran's Qeshm Island, The Wall Street Journal reported Monday, citing US officials. The strikes are understood to be the latest in a series of limited military actions secretly carried out against Iran in recent weeks, the report said. Iran said Monday that discussions with Washington to end their war are ongoing, CNBC reported. Foreign Minister Abbas Araghchi told state media outlet Islamic Republic News Agency that Tehran is prepared to negotiate a diplomatic settlement with the US but is not ruling out military action if necessary. Spot gold dipped 0.6% to $3,921.29 per troy ounce, while silver shed 2.5% to $49.64 per ounce.