S&P 500 rises 0.41% in midday Election Day trading
Published on 11/03/2026 at 18:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSS&P 500 advances during Election Day
- The index stood at 7,572.04 points at 12:04 p.m. Eastern Time on November 3, up 0.41% from the previous close.
- Investors weighed US midterm elections, falling oil prices, technology-sector concerns and upcoming AMD earnings.
- The move was an intraday reading, not a closing level.
The S&P 500 advanced in midday US trading on Tuesday, November 3, as investors balanced election uncertainty with a rebound in semiconductor shares and lower oil prices. The index was at 7,572.04 points at 12:04 p.m. Eastern Time, up 30.64 points, or 0.41%, from the previous close of 7,541.40, according to Moomoo. The figure is an intraday level and does not represent the closing value.
Election risk meets technology rebound
US voters were casting ballots in midterm elections that could alter control of Congress. The outcome was an important near-term focus for markets because it could affect expectations for regulation, government spending and the development of artificial-intelligence data centers. Investors were therefore reluctant to treat the early advance as a clear change in the broader risk outlook.
Technology shares were mixed. Apple came under pressure after warning that higher memory-chip costs would weigh on its holiday-quarter gross margin. At the same time, chip stocks recovered some ground after recent losses. Reuters reported that Nvidia, AMD, Marvell Technology and Intel were among the technology names gaining in early trading, while AMD was due to report quarterly results after the closing bell.
Oil prices add support
Crude prices were another market variable. Reuters said Brent crude was falling as investors monitored developments related to a possible US-Iran peace agreement. Lower energy prices can ease immediate inflation concerns, although the geopolitical situation remained fluid. The combination of weaker oil prices and firmer semiconductor shares helped the broad index hold above Monday's close during the reported intraday window.
Key catalyst remains after the bell
AMD's scheduled results were likely to provide a fresh test of investor confidence in the artificial-intelligence investment cycle. Recent concern has centered on whether the large capital spending commitments of major technology companies will generate sufficient returns. For the S&P 500, the next trading impulse could therefore come from a combination of AMD's outlook and developments in the midterm vote rather than from the index level alone.
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