Close Recap (Wed Nov 4): Dow Jumps About 3% After Democrats Take Congress, Oil Sinks
The Dow jumps about 3% after Democrats take Congress, oil sinks about 8% and mega-caps lead, while AI data-center stocks fall. ISM services 54.5.
AMD Earnings Reaction (Nov 4): Strong Beat, Pop Fades Inside the Implied Move
AMD beat on sales and profit and guided Q4 revenue to about $17 billion. The stock spiked about 6% by 9:47 AM ET, then faded to about +1.9% at 10:30 AM ET, inside the 8.6% implied move.
Premarket Brief (Wed Nov 4): Futures Flip Higher After Democrats Take Congress
Futures flip higher after Democrats take Congress: S&P 500 futures went from about -1.2% at midnight to about +0.9% (7:45 AM ET). ADP 8:15, ISM 10:00.