US stocks close Nov 3: Chip rebound lifts Nasdaq 0.83%, Dow slips 0.38%

US stocks closed mixed on Tuesday, Nov 3 (ET): the Nasdaq Composite rose 0.83% to 25,372.01 and the S&P 500 gained 0.37% to 7,568.96, while the Dow Jones Industrial Average fell 0.38% to 51,786.15. Chip and AI stocks such as Nvidia and AMD bounced after several days of selling, which carried the Nasdaq. Apple, Merck and Home Depot weighed on the Dow.

It was also midterm election day and a heavy earnings day. Among S&P 500 members, Fiserv jumped more than 12% while Gartner dropped more than 13%, and the reactions to quarterly reports split sharply.

Key takeaways

The Nasdaq Composite added 207.65 points (0.83%) and the S&P 500 added 27.56 points (0.37%); the Dow lost 197.83 points (0.38%).
In the Dow, Microsoft (+3.01%), Amazon (+2.69%) and Nvidia (+2.38%) rose, while Apple fell 1.89% on its margin outlook.
Fiserv rose 12.43% after reporting adjusted EPS of $1.75 and a plan to buy back $500 million of stock in Q4.
Gartner fell 13.35% even though its results beat estimates and it raised its full-year guidance.
The 10-year Treasury yield rose 0.04 percentage point to 4.95%. September job openings came in at 7.5 million.

US stock market close by index

Index	Close	Change	Driver
S&P 500	7,568.96	+27.56 (+0.37%)	Tech and industrials up, earnings reactions mixed
Nasdaq Composite	25,372.01	+207.65 (+0.83%)	Rebound in chip and AI heavyweights
Dow Jones Industrial Average	51,786.15	-197.83 (-0.38%)	Apple, Merck, Home Depot lower
VIX	20.77	-0.38 (-1.80%)	Volatility eased slightly

Breadth differed by exchange. On the New York Stock Exchange, 1,616 stocks declined and 1,177 advanced. On the Nasdaq, 1,801 rose and 1,567 fell.

Chip and AI rebound carried the Nasdaq

On Monday, Nov 2, the Nasdaq Composite fell 1.07%. The Nasdaq-100 ended more than 10% below its Oct 6 record close, and the Philadelphia Semiconductor Index finished about 22% below its Oct 6 high.

The selling paused on Tuesday. Nvidia snapped a four-session losing streak, rising 2.38% to $206.87. AMD climbed 3.69% to $484.07 ahead of its earnings report after the bell. Broadcom and Micron were up around 3% during the session. Microsoft gained 3.01% to $522.40 and Amazon rose 2.69% to $252.23.

Apple, Merck and Home Depot dragged on the Dow

Apple fell 1.89% to $331.91. Its quarterly profit and revenue beat expectations, but according to the Associated Press the company expects to earn less profit per dollar of revenue in the holiday quarter because memory chip prices are rising with AI data center demand. CNBC also pointed to iPad sales that missed estimates.

The Dow's biggest decliners were Merck (-3.22%), Sherwin-Williams (-3.14%) and Home Depot (-2.80%). No specific reason for those moves was reported. Palantir slipped about 2% during the session even though its Q3 results beat estimates and US commercial revenue grew 148%.

Big movers after earnings

Most S&P 500 members that moved more than 5% on the day did so around their quarterly reports. The moves below are regular-session closes.

Stock	Close ($)	Move	Note
FiservFISV	58.39	+12.43%	Q3 adjusted EPS of $1.75, $500M Q4 buyback plan
DuPontDD	153.18	+8.41%	Beat Q3 guidance, raised full-year outlook
RevvityRVTY	163.41	+7.79%	Raised full-year adjusted EPS guidance
GE VernovaGEV	917.74	+6.44%	No reason given by the company or major outlets
CoinbaseCOIN	145.42	+5.51%	Rebound after a 15% drop over three sessions
GartnerIT	203.86	-13.35%	Fell despite a beat and a guidance raise
SyscoSYY	74.12	-9.32%	Q1 operating income down 10.4%
Zebra TechnologiesZBRA	329.48	-8.76%	Adjusted gross margin below estimates
AppleAAPL	331.91	-1.89%	Margin outlook hit by memory costs

Fiserv: up 12% on $1.75 adjusted EPS

Fiserv reported third-quarter results on Nov 3.Fiserv via Wikimedia CommonsPublic domain

Payments and fintech company Fiserv rose 12.43% to $58.39, the best performer in the S&P 500 on the day. According to the company's release, Q3 adjusted EPS was $1.75; CNBC put the consensus at $1.72. Fiserv said it expects to repurchase $500 million of its stock in the fourth quarter.

GAAP revenue fell 1% to $5.20 billion, and a $6.45 billion non-cash goodwill impairment produced a GAAP loss of $11.17 per share. Organic revenue was flat, and the company kept its 2026 outlook for organic revenue of -1% to 0% and adjusted EPS of $7.20 to $7.40.

DuPont: full-year outlook raised again

DuPont rose 8.41% to $153.18. According to the company, Q3 net sales grew 4% to $1.9 billion, organic sales rose 5% and adjusted EPS was $2.09. DuPont now expects about 4.5% organic growth for 2026 and adjusted EPS of $7.47 to $7.52.

Revvity, Coinbase and GE Vernova

Life-science tools maker Revvity gained 7.79%. According to CNBC, the company raised its full-year pro forma adjusted EPS guidance to $5.40 to $5.45 from $5.30 to $5.40. The Associated Press reported that CEO Prahlad Singh said end-market conditions are continuing to improve.

Coinbase rose 5.51% to $145.42. CNBC noted that the stock had fallen 15% over the previous three sessions but did not give a reason for Tuesday's bounce.

Power equipment maker GE Vernova climbed 6.44% to $917.74. We found no company statement or major news report explaining the move.

Gartner: down 13% despite a beat

Gartner reported third-quarter results and raised its full-year guidance on Nov 3.Gartner, Inc. via Wikimedia CommonsPublic domain

IT research firm Gartner fell 13.35% to $203.86, the worst performer in the S&P 500. According to its release, Q3 revenue fell 1.3% to $1,505 million and adjusted EPS rose 30.1% to $3.59. Contract value was $5.3 billion on an FX-neutral basis, up 2.5% from a year earlier.

Chairman and CEO Gene Hall said "Contract Value growth accelerated again," and the company raised its full-year guidance for revenue, adjusted EPS and free cash flow. CNBC also described the results and guidance as better than expected. Neither the company nor major outlets explained the size of the drop.

Sysco and Zebra: profit metrics disappointed

Food distributor Sysco fell 9.32% to $74.12. In its fiscal 2027 first quarter, sales rose 2.8% to $21.7 billion but operating income fell 10.4% to $717 million. Adjusted EPS rose 3.5% to $1.19, and the company now expects full-year sales growth at the lower end of its 6% to 7% range. CEO Kevin Hourican cited softer restaurant foot traffic, higher-than-expected fuel costs and lower-than-expected US food cost inflation. No company statement or major news report said which of these items drove the share drop.

Zebra Technologies, which makes barcode scanners and mobile computers, fell 8.76%. Its Q3 net sales rose 22.3% to $1,614 million and non-GAAP EPS was $4.95, but according to CNBC its adjusted gross margin of 46% fell short of the 47.7% consensus.

Rates, dollar and commodities

According to the US Treasury, the 10-year yield rose to 4.95% from 4.91%, and the 2-year yield rose to 4.61% from 4.59%. The Associated Press tied the rise in yields to a report showing more job openings than economists expected.

The Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) showed 7.5 million openings in September, a rate of 4.5%. August was revised up to 7.2 million. Hires were 5.4 million, quits 3.4 million and layoffs and discharges 1.6 million.

Measure	Level	Change
US 10-year Treasury yield	4.95%	+0.04 pt
US 2-year Treasury yield	4.61%	+0.02 pt
US Dollar Index futures	101.71	+0.09%
USD/JPY	158.71	+0.56%
Gold, December	$3,931.90/oz	-0.95%
Brent crude, January	$104.42/bbl	-0.33%

WTI crude for December was little changed at around $96 a barrel. Oil prices fell for a second day during the session on hopes for progress in US-Iran talks.

Other news

Americans voted in the midterm elections on Tuesday, which will decide which party controls the House and Senate from January. CrowdStrike agreed to buy two AI security startups for a combined $495 million, according to the Wall Street Journal, and its shares rose more than 2% early in the session.

What to watch next

From Nov 4 (ET): midterm vote counts and the final House and Senate majorities
Nov 6, 8:30 a.m. ET: BLS October jobs report
Dec 8 and 9 (ET): Federal Open Market Committee (FOMC) meeting. There is no November meeting.

FAQ

How did US stocks close on Nov 3, 2026?

The Nasdaq Composite rose 0.83% to 25,372.01 and the S&P 500 rose 0.37% to 7,568.96. The Dow Jones Industrial Average fell 0.38% to 51,786.15.

Why did the Nasdaq rise while the Dow fell?

Chip and AI heavyweights such as Nvidia, AMD and Microsoft rebounded, which lifted the Nasdaq. The Dow is price-weighted, so high-priced members carry more weight, and Apple, Merck, Sherwin-Williams and Home Depot all declined.

Why did Fiserv stock jump?

Fiserv reported Q3 adjusted EPS of $1.75, above the $1.72 consensus cited by CNBC, and said it plans to buy back $500 million of stock in Q4. The shares rose 12.43%. The quarter also included a $6.45 billion goodwill impairment.

Why did Gartner stock fall?

Gartner fell 13.35% even though adjusted EPS rose 30.1% and it raised its full-year guidance. Neither the company nor major outlets explained the drop. Contract value grew 2.5% from a year earlier.

How many US job openings were there in September 2026?

According to the Bureau of Labor Statistics, there were 7.5 million job openings in September, a rate of 4.5%. August was revised up to 7.2 million.