News · MarketWatch

It may take weeks to tally the midterm election results. Here’s why Wall Street isn’t worried.

The article stresses that economic and political uncertainty must be distinguished when assessing markets. It argues that only economic uncertainty really moves the stock market.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on MarketWatch ↗

Keywords

midterm electionsWall StreetUS

Open a keyword to see other news on the same topic.

Related tickers and likely impact

SPY

• Neutral

SPDR S&P 500 ETF

Relevance: low

MarketUS stocks
SectorETF
Close on 10/30/2026755.71
Change that session-1.77%
SPY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

Related markets

US stocks →

Latest news

  • 2 of our banks are at the heart of this week's biggest tech deals

    The S&P 500 attempted a modest rebound but gave back part of its afternoon gains, with oil prices down roughly 8% on hopes for Middle East peace talks and the 10-year Treasury yield down about 4 basis points. The author cautions against reading too much into any single headline, given the possibility of escalation after the midterm elections. Goldman Sachs and Wells Fargo are involved in several large deals: Goldman is advising Marvell Technology on its all-stock acquisition of Lumentum, valued at $115 billion including debt and expected to close in the first half of calendar 2028 pending approvals including from China. Both banks are among those coordinating Oracle's $10 billion common stock offering and working on Microsoft's $25 billion debt sale, and Goldman is one of the lead banks on Meta Platforms' stock sale. The author says this deal activity supports the banks' results, while lower oil prices and yields have helped holdings including Boeing, Home Depot and FedEx, even as semiconductor names like Micron and Intel remained under pressure.

    CNBC·banksGoldman Sachsmergers and acquisitions
  • Verizon's CEO Has a Warning for SpaceX and Its Mobile Plans

    Telecom stocks have been under pressure this year as investors worry that SpaceX plans to turn its Starlink business into a major mobile carrier. Verizon CEO Dan Schulman said on the earnings call that SpaceX would need to build a significant terrestrial network, which would take several years and cost hundreds of billions of dollars, and that Verizon will compete aggressively if Starlink pursues mobile market share. Verizon reported strong third-quarter results, with postpaid phone net additions at their best in five years and quarterly net account growth at its highest in more than a decade. The author argues the market is overreacting to the SpaceX risk, citing a valuation of about eight times estimated future profits and a dividend yield of 6.3%.

    Yahoo Finance·telecommunicationsSpaceXVerizon
  • Why Cloudflare Stock Took a Dive on Monday

    Cloudflare shares fell as much as 6% at the start of the week after Jefferies analyst Joe Gallo kept a hold rating but cut his price target to $320 from $350, still implying 14% potential upside from Friday's close. Gallo expects higher demand for the company's cloud services this quarter but thinks the bar may be set too high. Analyst consensus calls for revenue of $739 million, up 32%, and adjusted EPS of $0.34, up 26%, above management's revenue forecast of $736 million to $737 million. Cloudflare has beaten consensus estimates in each of the past four quarters and will report results after the close on Thursday. The article also cites Cloudflare's protective measures against a widely publicized PHP vulnerability, used by roughly 70% of websites, as an example of the importance of its cloud and security services.

    Yahoo Finance·cloud computingcybersecurityearnings
  • Qualcomm (QCOM) Joins $700 Million Hark Funding Round In AI Assistant Bet

    Qualcomm joined Nvidia and AMD in a US$700 million Series A funding round for AI startup Hark, which is valued at US$6 billion. Hark is developing foundation models, software and AI-focused hardware for a next-generation personal assistant platform, and Qualcomm Ventures' participation links the chip designer to efforts to bring AI systems to consumer devices over time. The article ties the investment to Qualcomm's target of reaching US$40 billion in non-handset QCT revenue by fiscal 2029, and notes the company reaffirmed a US$0.92 quarterly dividend. It also highlights the broader effort to reduce reliance on smartphones, and points to commentary on Hark and AI assistant workloads in the December 2026 quarter earnings as an early indicator to watch.

    Yahoo Finance·Qualcommartificial intelligenceAI investment
  • Estée Lauder Companies (EL) Partners With Microsoft On AI And Data Tools

    Estée Lauder Companies (NYSE: EL) announced a partnership with Microsoft to upgrade cloud, data and AI capabilities across its global operations. The collaboration aims to unify consumer and product data on Microsoft platforms and embed AI into its end-to-end workflows, supporting its Beauty Reimagined strategy with a focus on productivity and personalized consumer experiences. The deal follows first-quarter sales of US$3,715 million, net income of US$233 million and diluted EPS of US$0.64 from continuing operations, while management affirmed a US$0.35 quarterly dividend. Key items to watch include the raised fiscal 2027 net sales growth guidance of 5.0% to 6.5%, AI-driven workflow adoption across 14,000 Copilot users, and the dividend payment on December 15, 2026.

    Yahoo Finance·Estee LauderMSFTartificial intelligence
  • Mercado Bitcoin wallets keep moving funds after $46M hack

    Brazilian crypto exchange Mercado Bitcoin confirmed a security incident in which over $46 million in cryptocurrency was drained from wallets on Monday, and paused deposits and withdrawals, saying customer funds and data were safe. Despite the suspension, addresses linked to the incident kept receiving funds for hours, and security firms said the hack was carried out through standard transfers rather than a smart contract exploit. An initial post-mortem by Certik's Dickson Wu described small ETH transfers from 27,160 addresses and warned that the attacker could also move money out of customer deposit addresses. According to the article, about $6.2 million had been frozen by Tether and Circle, about $20 million had been moved to new wallets, and over $20 million remained in associated addresses, including all 106 BTC. The hack has not been attributed to an organized group and remains under investigation, coming days after Binance reported a $6.3 billion hack.

    Cointelegraph·cryptocybersecurityBinance

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.