S&P 500: Monday close at 7,541.40, election and earnings in focus
Published on 11/03/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points before the US open
- The S&P 500 closed Monday, November 2, at 7,541.40 points, down 0.51%.
- Early Tuesday futures were broadly mixed as investors assessed the US midterm elections and renewed technology-sector pressure.
- Apple and Palantir weighed on sentiment after their results, while AMD earnings and US economic data were scheduled for later in the day.
The S&P 500 enters Tuesday's US session after closing at 7,541.40 points on Monday, November 2. The index lost 38.67 points, or 0.51%, according to Reuters. That followed an early advance of as much as 1.1%, but technology stocks weakened during the session and pulled the broad index lower.
Technology remains the main pressure point
The previous session's decline kept the market's focus on the sustainability of artificial-intelligence spending and the valuations of large technology companies. Apple was down in premarket trading after warning that higher memory-chip costs would pressure its holiday-quarter gross margin, despite reporting quarterly results that exceeded expectations. Palantir also fell before the open even after reporting better-than-expected results and forecasting revenue above estimates for the final three months of the year, Reuters reported.
Early Tuesday futures offered no clear direction. Reuters reported that at 5:06 a.m. Eastern Time, S&P 500 E-minis were up 1.5 points, or 0.02%, while Dow futures were down 0.42% and Nasdaq 100 futures were up 0.46%. These are futures indications and not an official S&P 500 index level or session close.
Election and data agenda ahead
US voters were heading to the polls for the midterm elections, adding a political catalyst to an already cautious market. The election outcome could influence expectations for policy in areas including technology, healthcare and defense, while the balance of power in Congress remained uncertain. Investors were also monitoring oil prices after crude recovered somewhat from the previous session's sharp decline amid developments involving the United States and Iran.
The corporate calendar remained busy. AMD, Block and Super Micro Computer were among the companies scheduled to report after Tuesday's close, while Pfizer and other companies were due to report before the opening bell. The Yahoo Finance preview also identified the JOLTS job-openings report and factory-orders data as the day's key economic releases. Together with the election results and earnings guidance, those events could shape risk appetite after the opening bell.
For further coverage of the index, see the S&P 500 topic page.
