United States economy grows 3.4% in third quarter vs. 3.2% expected

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2, Eastern Time, and host an earnings call at 5:00 p.m. ET. This is not only a critical window for the market to evaluate iPhone demand and profit margins, but also marks the first time John Ternus will host Apple's earnings call after taking over as chief executive officer.

WTI crude oil plunged nearly 2% as the U.S. and Iran plan to resume negotiations to ease geopolitical tensions, with technicals pointing to a potential deep correction of 20%.

As the U.S. midterm elections approach, the three major U.S. stock indexes and the Philadelphia Semiconductor Index collectively suffered a sharp decline.

As the US midterm elections enter the final countdown, Japanese and South Korean stock markets opened lower on risk aversion, with Samsung falling below the 220,000 mark and Kioxia tumbling 12%, while the market remains in wait-and-see mode for a post-election rebound.

TradingKey - For the week of November 2 to 6, Eastern Time, the US stock market will see the 2026 US midterm elections and the October non-farm payrolls report.