Stocks ended lower yesterday and were mixed this morning as investors await midterm election results, with polls and prediction markets pointing to a Democratic House takeover and a tighter Senate race. The article argues markets tend to do well after midterms regardless of the winner, since election uncertainty is removed; it cites the S&P 500 rising an average 13.7% in the year after midterms between 1980 and 2024, with gains 91% of the time per CNBC. Apple beat sales and margin expectations, but shares fell about 4% after CEO John Ternus warned services margins will slow, and rising memory chip costs add pressure. Disney may cut thousands of jobs as part of a plan to lower costs by 20%, mainly in its theme park, movie studio and TV operations.
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midterm electionsearningsAAPLemploymentDisney
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 11/02/2026 | 101.80 |
| Change that session | -0.16% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.09 |
| Change that session | -1.36% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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