Upstart Reports $1.25 Billion in October 2026 Originations, UMI Rises to 1.53

In early U.S. trading on November 3, Eastern Time, tech stocks rebounded strongly, with the Nasdaq Composite Index poised to end a three-session losing streak. As the U.S. midterm elections took place on the same day, investors focused on which party would gain control of Congress and whether institutional capital would re-increase equity allocations once election uncertainty recedes.

TradingKey - On November 3, Eastern Time, futures tied to the three major U.S. stock indexes traded mixed. As of press time, Dow futures fell 0.79%, S&P 500 futures dropped 0.14%, and Nasdaq 100 futures rose 0.27%.

TradingKey - On November 3, AMD (AMD) rose over 2% in pre-market trading, with its stock price rebounding to near $478. The company will report its third-quarter 2026 financial results after the U.S. market close on Tuesday and host an earnings conference call at 5:00 p.m. ET.

TradingKey - On November 2, Eastern Time, early gains in US stocks failed to hold as weakness in AI and technology stocks dragged down the S&P 500 and the Nasdaq. A sharp drop in oil prices eased energy cost pressures, lifting fuel-sensitive sectors such as airlines and cruise lines, but failed to o

On Monday, November 2, Eastern Time, US stocks posted a mixed performance. The Nasdaq and the S&P 500 gave up early gains to turn lower, while the Dow bucked the trend and advanced. Investors continued to rotate out of tech stocks into other sectors of the market, with attention focused on big tech companies' AI financing plans and M&A transactions. At the close, the Dow Jones Industrial Average rose 0.41% to 51,983.98; the Nasdaq Composite Index fell 1.07% to 25,164.32; and the S&P 500 Index slipped 0.51% to 7,541.40.