Published Tuesday, Nov. 3, 2026 · For Wednesday, Nov. 4 · By Juan Reina · All times ET.
Wednesday at a glance
- Midterm results: the open will price in control of Congress. Prediction markets gave Democrats about 75% odds of winning the Senate; gridlock has historically been the least disruptive outcome for stocks.
- AMD +~7% after hours on a beat and a ~$17B Q4 guide — a potential lift for the whole chip complex.
- Premarket: Uber, McDonald’s, CVS, Circle, Datadog.
- After the close: Qualcomm, MercadoLibre, Arm, AppLovin, Expedia.
- Data: ADP private payrolls and ISM services for October.
Where we start
Tuesday: S&P 500 7,568.92 (+0.36%), Nasdaq 25,372.01 (+0.83%), Dow 51,786.72 (−0.38%). Recap: stock market close, Nov. 3.
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Open TradingView → · Affiliate linkHow markets may read the midterms
- Divided Congress: fewer big fiscal swings; often taken as neutral-to-positive.
- One-party sweep: raises the odds of tax, spending, tariff or regulatory changes; some investors told CNBC a full Democratic sweep could weigh on the open.
- Sectors to watch: health care, energy, banks and defense typically react most.
Earnings before the open
| Company | Time (ET) | EPS est. | Revenue est. |
|---|---|---|---|
| Uber (UBER) | 6:55 a.m. | $0.86 | $14.66B |
| McDonald’s (MCD) | 7:00 a.m. | $3.38 | $7.28B |
| CVS Health (CVS) | 6:30 a.m. | $1.65 | $104.72B |
| Circle (CRCL) | 6:10 a.m. | $0.38 | $784M |
| Datadog (DDOG) | 7:00 a.m. | $0.64 | $1.15B |
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Try Koyfin → · Affiliate linkEarnings after the close
| Company | Time (ET) | EPS est. | Revenue est. |
|---|---|---|---|
| Qualcomm (QCOM) | 4:00 p.m. | $2.16 | $10.12B |
| MercadoLibre (MELI) | 4:00 p.m. | $9.27 | $10.69B |
| Arm (ARM) | 4:05 p.m. | $0.47 | $1.38B |
| AppLovin (APP) | 4:05 p.m. | $4.03 | $2.08B |
| Expedia (EXPE) | 4:00 p.m. | $8.85 | $4.73B |
| MetLife (MET) | 4:15 p.m. | $2.77 | $19.86B |
Consensus estimates compiled by Newsquawk.
Why it matters for your money
For 401(k) and IRA savers, election-week volatility tends to fade, while AI earnings and the Fed path — futures price roughly 76% odds of a December hike — matter more over time. MercadoLibre is the key Latin America read; it reports alongside Qualcomm after the bell. Colombia investors: see the Colombia outlook for Wednesday.
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FAQ
What should I watch in the stock market on Nov. 4, 2026?
Midterm results, AMD’s after-hours rally, earnings from Uber, McDonald’s, Qualcomm and MercadoLibre, plus ADP and ISM services data.
When does Qualcomm report?
Wednesday, Nov. 4, around 4:00 p.m. ET; consensus revenue is about $10.12 billion.
When does MercadoLibre report?
Wednesday, Nov. 4, after the close; consensus revenue is about $10.69 billion.
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