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● LIVE Updated 28m ago · 24 sources tracked

Nvidia and other Big Tech stocks lift the US market despite drops for Apple and much of Wall Street

A rebound in influential big technology stocks lifted the broader US market despite a slump for Apple and mixed broader trading on Wall Street. The S&P 500 gained 0.4 percent and the Nasdaq composite climbed 0.8 percent on Tuesday, even as the majority of stocks within the S&P 500 declined and the Dow Jones Industrial Average dropped 0.4 percent, losing 197 points. Asian shares were mixed as tech losses offset broader Wall Street gains. Investors braced for midterm election results and reacted to corporate earnings, treasury yields, and ongoing concerns over artificial intelligence spending.

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  • ✓ The S&P 500 rose 0.4% on Tuesday.
  • ✓ The Nasdaq composite climbed 0.8%.
  • ✓ The Dow Jones Industrial Average dropped 197 points, or 0.4%.
  • ✓ Apple shares declined on a margin warning during midterm election results.
🛡️ Source Corroboration: 24 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Nvidia shares tumbled five percent at the opening bell following an internal probe into CEO Jensen Huang regarding a foreign intelligence effort.

Live updates

  1. Nvidia and Big Tech Lift US Market

    A rebound in influential big technology stocks lifted the broader US market despite a slump for Apple and mixed broader trading on Wall Street. The S&P 500 gained 0.4 percent and the Nasdaq composite climbed 0.8 percent on Tuesday, even as the majority of stocks within the S&P 500 declined and the Dow Jones Industrial Average dropped 0.4 percent, losing 197 points. Asian shares were mixed as tech losses offset broader Wall Street gains. Investors braced for midterm election results and reacted to corporate earnings, treasury yields, and ongoing concerns over artificial intelligence spending.

    Why it matters

    Wall Street experienced heightened alert on Election Day amid a shaky period for the stock market driven by anxiety over artificial intelligence spending and data center impacts. The tech-heavy Nasdaq recently entered a correction phase as investors weighed political outcomes and corporate performance. Markets also reacted to chip stock rallies and Treasury yield fluctuations following earlier selloffs.

    What is confirmed

    • The S&P 500 rose 0.4% on Tuesday.
    • The Nasdaq composite climbed 0.8%.
    • The Dow Jones Industrial Average dropped 197 points, or 0.4%.
    • Apple shares declined on a margin warning during midterm election results.

    Still unconfirmed

    • Nvidia shares tumbled five percent at the opening bell after the computer chip maker opened an investigation into reports of a foreign intelligence effort involving CEO Jensen Huang.

    What to watch next

    • Midterm election results and their subsequent market impact
    • Further developments regarding the internal probe into Nvidia CEO Jensen Huang
    • Corporate earnings reports including AMD and upcoming economic indicators
    Sources used for this update (23)
    1. AP News — Asian shares are mixed as tech losses offset broader gains on Wall Street
    2. CNBC — Dow futures drop 300 points on Election Day as Apple declines, oil jumps: Live updates
    3. Reuters — Wall St futures mixed as Apple falls on margin warning, midterm results awaited
    4. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures waver ahead of midterm election results, AMD earnings
    5. The Guardian — US tech stocks recover after selloff spooks investors over AI spending
    6. Reuters — COMMENTARY: Trading Day: AI trade rebounds, midterms awaited
    7. WSJ — Tech Stocks Rise Despite Apple Slump
    8. Yahoo Finance — US stock futures dip as investors await midterm election results
    9. Investopedia — Markets News, Nov. 3, 2026: S&P 500, Nasdaq Snap 3-Day Losing Streaks as Chip Stocks Rally; Investors Brace for Midterm Election Results
    10. Barron's — The S&P 500 and Nasdaq gained as Election Day keeps Wall Street on high alert.
    11. MarketWatch — Stock Market Today: Dow, S&P 500 and Nasdaq now seen higher as investors react to midterms; Treasury yields fall
    12. www.cbsnews.com — Stocks crater as investors recoil from tech companies amid AI ...
    confidence 95%
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