TradingKey

On November 4 (ET), hyperscale cloud providers surged across the board, driving the Nasdaq Composite Index up by more than 2% at one point. Shares of Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), and Meta (META) all rebounded sharply. Markets had initially feared tighter AI regulation after the Democrats won control of both houses of Congress, but the swift clarity of the election results and a pullback in US Treasury yields provided breathing room for tech stocks that had previously suffered sell-offs.

TradingKey - As of press time on November 4, Eastern Time, SpaceX (SPCX) fell over 7% in pre-market trading, currently trading at $130.64.

TradingKey - Following the release of the U.S. midterm election results, the Democratic Party won control of both the Senate and the House of Representatives, ending the Republican Party's simultaneous control of the White House and Congress. Amid market concerns that the new Congress may tighten regulatory scrutiny on artificial intelligence, autonomous driving, and Elon Musk's businesses, Tesla (TSLA) fell over 5% in pre-market trading on Wednesday.

TradingKey - Dell’s enterprise AI push adds CrowdStrike security, but backlog conversion and cash flow remain key. DELL faces $423.36 resistance before earnings.

TradingKey - Arm Holdings (ARM) will report its second-quarter fiscal 2027 financial results after the US market close on November 4 and hold an earnings conference call at 5:00 p.m. Eastern Time. Ahead of the earnings release, although Arm's pre-market stock price rebounded 3% to around $209, the overall trend remains weak. The stock has pulled back more than 50% from its peak of approximately $440 in June and is once again approaching its lowest levels since late April.

TradingKey - On November 4, Eastern Time, the three major US stock index futures rebounded after falling overnight.

TradingKey - AMD’s $17 billion revenue outlook lifts shares into a key resistance zone. Explore Helios delivery risks, cash flow and the $511.74 recovery test.

TradingKey - On November 4, as the US midterm election results became clearer, the Democratic Party won control of both the Senate and the House of Representatives, creating a divided government with the Trump administration. Affected by this, Trump Media & Technology Group (DJT) fell over 8% at one point in pre-market trading.

TradingKey - Oracle’s reported Tencent cancellation tests its $20 billion funding plan. ORCL faces $131.56 resistance as investors assess cash flow and dilution.

TradingKey - GE Vernova’s $9 billion Trench deal strengthens its grid strategy, but GEV needs a close above $949.31 to confirm recovery. Key risks and levels.

TradingKey - As of press time on November 4, Eastern Time, Oracle (ORCL) was down 1.36% in pre-market trading, standing at $124.47. According to the Financial Times, Oracle has canceled a five-year AI chip lease agreement with Tencent, valued at approximately $7 billion.

TradingKey - The results of the 2026 US midterm elections have reshaped the balance of power in Congress. With the Democratic Party winning control of both the House of Representatives and the Senate, the Trump administration's policy leeway over the next two years will be further constrained. The new Congress will take office in January 2027, and businesses under Elon Musk may face heightened scrutiny.

TradingKey - As the results of the 2026 US midterm elections continue to roll in, the Democratic Party has won control of the Senate and is close to securing a majority in the House of Representatives. While the shift in congressional power may strengthen checks and balances on the Trump administration, election-related uncertainty for financial markets is receding, and investors' focus will return to corporate earnings, interest rates, energy prices, and returns on artificial intelligence investments.

As Democrats sweep the US midterm elections, US stock futures plummeted in response. Market panic mounts over AI data centers facing severe regulatory scrutiny, triggering expectations of a bloodbath in AI stocks.

TradingKey - On November 4, gold prices (XAUUSD) rose sharply during the Asian trading session. As the Democratic Party won the U.S. midterm elections, the US Dollar Index and US Treasury yields weakened in tandem, pushing gold back above $4,000 to reach an intraday high near $4,029. Based on today's low of $3,919.85, the intraday rebound was close to $110.

The ballot counting for the U.S. midterm elections triggered a V-shaped reversal. South Korea's KOSPI Index surged against the trend, while the Nikkei pushed higher to recoup part of its losses, with SK Hynix, Samsung, SoftBank, and others narrowing their declines.

TradingKey - On October 26, Eastern Time, Anthropic publicly filed its IPO registration statement with the U.S. Securities and Exchange Commission (SEC) and submitted an amendment on November 2 to supplement its third-quarter financial data. The company plans to list on the Nasdaq Global Select Market under the ticker symbol "ANT".

TradingKey — The US is set to release its October ADP employment report this Wednesday. The market generally expects US private-sector job growth to slow compared to September, with current forecasts predicting an addition of approximately 67,000 to 69,000 jobs, down from 90,000 in September. With the US October non-farm payrolls report also scheduled for release this Friday, this ADP reading will serve as a key leading indicator for the market to assess the latest conditions in the labor market. Particularly following the Federal Reserve's decision to pause interest rate hikes at its October meeting, whether employment data remains resilient will influence market expectations regarding another rate hike in December.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, with the earnings call scheduled for 4:45 p.m. Eastern Time. The market currently expects the company's fourth-quarter revenue to be approximately $10.14 billion, down 10% year-over-year, and adjusted earnings per share to be around $2.17, down nearly 28% year-over-year.

TradingKey - As of the close on November 3, Eastern Time, Western Digital (WDC) rose 2.59% to $347.35, after touching an intraday high of $359.98. Prior to this, WDC fell 7.41% and 7.52% on October 30 and November 2, respectively, with the stock price rapidly pulling back from around $395 to around $338, indicating strong short-term bearish momentum in the market. In after-hours trading of the previous session, WDC retreated again to around $332, down nearly 5%, showing that market downside momentum persists.