UAE Presidential Adviser Gargash says more realistic approach needed beyond MoU

TradingKey - On November 3, the three major U.S. stock indices closed mixed. A rebound in semiconductor and mega-cap tech stocks helped the Nasdaq snap a three-day losing streak, while Apple fell under the weight of its margin guidance, dragging the Dow slightly lower. In after-hours trading, AMD (A

South Korea's KOSPI surged 3.07% in a strong V-shaped reversal, as Samsung Electronics and SK Hynix rallied more than 3%–5%, while Japanese stocks opened lower but found support from bargain hunting.

On November 3, Eastern Time, AMD (AMD) reported its third-quarter financial results for fiscal year 2026. Data center revenue nearly doubled, driving record total revenue for the group, while adjusted earnings per share beat market expectations. The company expects fourth-quarter revenue growth to accelerate further, but free cash flow for the quarter was significantly below expectations, leaving the conversion of profit growth into cash flow an area to watch.

On November 3 Eastern Time, US stocks diverged on Tuesday. A rebound in chip stocks drove the Nasdaq and S&P 500 higher, while a drop in Apple weighed on the Dow. Investors stepped back into tech stocks following recent pressure while awaiting the results of the US midterm elections. At the close, the Dow Jones Industrial Average fell 0.38% to 51,786.72; the Nasdaq Composite Index rose 0.83% to 25,372.01; and the S&P 500 Index gained 0.36% to 7,568.92.

TradingKey - Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, Eastern Time, and hold a conference call at 4:45 p.m. ET on the same day.