Key facts
- The S&P 500 rose 0.36% and the Nasdaq Composite gained 0.83% in Tuesday's session; the Dow Jones Industrial Average fell 0.38%.
- US President Donald Trump said he agreed with Israeli Prime Minister Benjamin Netanyahu to stop $4 billion in Israel funding at year-end.
- Brent crude futures settled at $103.60 a barrel, down 1.12%, after Trump's comments.
- A US official said the US struck Iran's Qeshm Island targeting surface-to-air missiles used against US assets; a senior Iranian official said a deal to end the war remained distant.
- The People's Bank of China said it would raise the foreign exchange reserve ratio, and the yuan weakened 0.35% to 6.67 per dollar.
- The US 10-year Treasury yield rose 5.36 basis points to 4.948% and the German 10-year Bund yield rose 1.39 basis points to 3.33%.
US stocks ended mixed in the November 3, 2026 session as markets waited on the outcome of the US midterm elections. The S&P 500 finished 0.36% higher, the Nasdaq Composite gained 0.83% and the Dow Jones Industrial Average fell 0.38%. The pan-European STOXX 600 fell 0.58%, and MSCI's gauge of stocks across the globe fell 0.06%, according to Reuters.
Most polls and nonpartisan analysts cited by Reuters expected Democrats to take the House of Representatives from Republicans, while control of the Senate remained uncertain. Reuters reported that a Democratic sweep could mean tougher oversight of AI and more corporate regulation. Wasif Latif, chief investment officer at Sarmaya Partners, told Reuters that the Fed meeting the week before and the earnings season were the other events markets were weighing, and said a pushback on data centers might not be fully reflected in prices.
US President Donald Trump said in a Fox News interview that he had agreed with Israeli Prime Minister Benjamin Netanyahu to stop $4 billion in funding to Israel at the end of the year, saying Israel no longer needed the money. Brent crude futures settled at $103.60 a barrel, down 1.12%. A US official said the US carried out defensive strikes overnight on Iran's Qeshm Island aimed at surface-to-air missiles used against US assets, and a senior Iranian official told Reuters the two sides were still far from a deal to end their war.
The dollar rose 0.48% to 158.70 against the yen and 0.28% to 0.8208 against the Swiss franc, and the dollar index was flat at 101.86. The euro rose 0.05% to $1.1191. The yuan weakened 0.35% to 6.67 per dollar after the People's Bank of China said it would raise the foreign exchange reserve ratio, a move Reuters described as aimed at slowing a long rally. The US 10-year Treasury yield rose 5.36 basis points to 4.948% and the German 10-year Bund yield rose 1.39 basis points to 3.33%. Bitcoin was flat at $77,835.07 after what Reuters described as the previous week's Binance hack, and spot gold rose 0.05% to $3,930.04 an ounce.