New York, November 3rd / PRNewswire / -- Equity Insider News Commentary -- The trading trends on Tuesday were the opposite of those of the previous day. On Monday, only the Dow Jones Industrial Average closed higher among the four major U.S. stock market benchmarks; by the middle of the morning on election day, the S&P 500 Index, the Nasdaq Composite Index, and the Russell 2000 Index were all in an upward trend, while the Dow Jones was declining, and the yield on 10-year U.S. Treasury bonds also rose. The quarterly earnings released on Monday and this morning brought a new batch of company-level news to investors, with several companies that reported their financial results experiencing single-day fluctuations of a few percentage points or more. Some of the active companies with the latest developments this week include: Palantir Technologies Inc ( NASDAQ : PLTR ), NVIDIA Corporation ( NASDAQ : NVDA ), Pfizer Inc ( NYSE : PFE ), Apollo Global Management, Inc ( NYSE : APO ), and Ibotta, Inc ( NYSE : IBTA ).
As of 10:26 a.m. Eastern Time, the S&P 500 index stood at 7,569.78 points, up 28.38 points or 0.38%; the Dow Jones Industrial Average was at 51,731.47 points, down 252.51 points or 0.49%; and the Nasdaq Composite Index was at 25,367.33 points, up 202.97 points or 0.81%. The data is from real-time index quotes published by CNBC. The Russell 2000 Index only has delayed data, which as of 10:10 a.m. Eastern Time was at 2,820.95 points, up 15.08 points or 0.54%. On Monday, the S&P 500 index closed at 7,541.40 points, down 0.51%; the Dow Jones closed at 51,983.98 points, up 0.41%; the Nasdaq index closed at 25,164.36 points, down 1.07%; and the Russell 2000 Index closed at 2,805.88 points. Data for these is from Cboe.
U.S. Treasury yields rise. As of 10:26 a.m. Eastern Time, the yield on 10-year U.S. Treasuries was 4.958%, up 6.4 basis points from the previous close. The data is based on Tradeweb released by CNBC. A separate indicator, the Treasury Department's daily par yield curve, showed that on Monday, the 10-year par yield was 4.91%, the 2-year yield was 4.59%, and the 30-year yield was 5.28%. The Treasury Department's supply arrangements for this week are also on the agenda: On Monday, the Treasury Department stated that it expects to borrow $618 billion in net outstanding debt held by private investors during the October to December quarter, which is $10 billion less than the figure announced in August; more details about the quarterly refinancing will be released on Wednesday, November 4th, at 8:30 a.m. At its meeting on October 27th to 28th, the Federal Reserve maintained the target range for the federal funds rate at 3.75% to 4%. Lisa D Cook and Beth M voted against, advocating for an increase of 1/4 percentage point. The next meeting is scheduled for December 8th to 9th.
The U.S. Bureau of Labor Statistics reported at 10:00 a.m. Eastern Time that the number of job vacancies in September remained relatively unchanged at 7.5 million; 5.4 million people were hired, while 5.3 million people left their jobs, and the number of those who resigned voluntarily increased to 3.4 million. The Institute for Supply Management (ISM) released its manufacturing index for October this week, which showed that the manufacturing PMI stood at 55.5%, up one percentage point from September, marking the tenth consecutive month of expansion in manufacturing activity. The mid-term elections in the United States are currently underway, and no results have been announced yet.
When the leading index and the trailing index move in opposite directions, the charts of each index can tell different stories for the same trading period. Readers who want to learn how to interpret these patterns can obtain the guide " Knowledge is Power " at equity-insider.com for free.
Other industry developments and events in the market this week include:
Palantir Technologies Inc. ( NASDAQ : PLTR )
As reported on Monday, Palantir, third-quarter revenue increased by 96% year-over-year to $2.313 billion, marking the first time the company's quarterly revenue has exceeded $2 billion. U.S. business revenue grew by 148% to $984 million, surpassing the U.S. government revenue of $953 million; net profit calculated using GAAP was $1.128 billion, with earnings per share of $0.44 after dilution. The company has raised its full-year 2026 revenue guidance to $8.530 billion to $8.534 billion and its U.S. business revenue guidance to over $3.559 billion; it also expects fourth-quarter revenue to be between $2.649 billion and $2.653 billion. As of 10:26 a.m. Eastern Time, Palantir shares were trading at $169.47, down 4.98%.
Palantir, Co-Founder and CEO, Alex Karp stated: "For the first time in the company's history, our U.S. business revenue has surpassed the government revenue of the United States."
NVIDIA Corporation ( NASDAQ : NVDA )
NVIDIA is one of the 30 constituents of the Dow Jones Industrial Average. On October 26, the company stated that it would expand its collaboration with Meta on the Muse and Muse series of models; Meta plans to increase the deployment of infrastructure for NVIDIA, including Vera Rubin and Vera CPUs; meanwhile, NVIDIA will invest $3 billion in equity financing for Meta. A day later, NVIDIA and Oracle announced that they plan to use the Vera Rubin NVL72 system to expand Oracle Cloud Infrastructure Superclusters to a capacity of several gigawatts and officially offer Vera Rubin NVL72 and Vera CPUs on OCI. NVIDIA will hold a teleconference at 5 p.m. Eastern Time on Tuesday, November 17, to discuss the third-quarter results for the fiscal year 2026, as of October 25. As of 10:26 a.m. Eastern Time, the stock price of NVIDIA was $208.07, up 2.97%.
NVIDIA, the founder and CEO, Jensen Huang said: "This has changed the way we use computers, from running applications to collaborating with agents."
Pfizer Inc. ( NYSE : PFE )
On Tuesday, Pfizer announced third-quarter revenue of $16.6 billion, which was essentially flat year-over-year on a operating basis. Excluding Comirnaty and Paxlovid, revenue increased by 7% on an operating basis; revenue from listed and acquired products grew by 32%; however, Paxlovid's revenue decreased by 63% on an operating basis. The diluted earnings per share for the report were $0.56, and after adjustment, the diluted earnings per share were $0.87. The company raised its full-year revenue guidance by $1.5 billion, adjusting the range to $62 billion to $64 billion, and also raised and narrowed its adjusted diluted earnings per share guidance to $2.95 to $3.05; this range includes one-time R&D expenses of $650 million related to the agreement with Innovent Biologics. As of 10:26 a.m. Eastern Time, Pfizer's stock price was at $30.56, down 0.37%.
The Chairman and CEO, Albert Bourla, stated: "We have once again experienced a strong quarter with sustained business momentum and strict execution discipline. At the same time, we are also advancing our strategy to create long-term shareholder value."
Apollo Global Management, Inc. (NYSE : APO)
Apollo Announced third-quarter results on Tuesday morning, which showed that after adjustments, the net profit was $1.3 billion, or $2.07 per share; based on GAAP, the net loss attributable to common shareholders was $1.1 billion, or a loss of $1.78 per share. The company stated that this was mainly due to unrealized losses on investments in the retirement services segment due to rising interest rates. Revenue related to expenses was $802 million, and total cash inflows for the quarter amounted to $53 billion. As of September 30, the managed assets were approximately $1.07 trillion. Apollo Announced a cash dividend of $0.5625 per share, and shareholders who held shares at the close of trading on November 18 will receive the dividend on November 30. As of 10:26 a.m. Eastern Time, Apollo, the stock price was reported at $114.15, down 4.45%.
Apollo, Chairman and CEO, Marc Rowan stated: "This quarter, we reached a new high of $114 billion in business initiatives, with activity over the past 12 months exceeding $350 billion, and customers have invested a total of $270 billion in our funds."
Ibotta, Inc. (NYSE : IBTA)
Ibotta claims to be a performance marketing platform. The company reported on Monday that its revenue in the third quarter increased by 17% to $97.8 million, and its performance exceeded the upper end of the revenue and adjusted EBITDA guidance range. Redeem income grew by 23% to $88.5 million; third-party publisher redeem income increased by 43% to $70.7 million; the number of users redeeming on Ibotta Performance Network increased by 30% to 23.6 million. The company recorded a net loss of $3.5 million and an adjusted EBITDA of $23.8 million, and stated that after the quarter ended, promotional activities based on Ibotta had been launched on applications in July- Eleven and Speedway. The company's revenue guidance for the fourth quarter is $94 million to $98 million. As of 10:26 a.m. Eastern Time, Ibotta shares were trading at $64.10, up 28.02%.
Ibotta, the Chief Executive Officer and Founder, Bryan Leach stated: "We achieved accelerated revenue growth in the third quarter, with revenue increasing by 17% year-on-year, and after adjustments, EBITDA increased by 43% year-on-year. Both figures exceeded our expectations."
In a market with such divergent trends as today, the perception can completely change depending on which index is displayed on your screen. Moreover, company performance often has a greater impact on individual stocks than the market average. If you want to learn how to interpret these charts, you can obtain free guides at equity-insider.com, as well as market reports at The Roadmap.
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This article is an independent news commentary. Equity Insider is wholly owned and operated by Market Equities Limited (“MEL”). MEL is a company registered under Irish law. MEL has not received any compensation from any of the companies mentioned in this article. MEL and its owners, operators, directors, and related parties currently do not hold any shares in the companies mentioned in this article, except for NVDA; nor do they have any plans to sell these shares in the next 30 days, although they reserve the right to buy or sell these shares at any time without prior notice. The index levels, the intraday 10-year U.S. Treasury yield, and stock prices are all data as of 10:26 a.m. Eastern Time on November 3, 2026 (Russell 2000 data is delayed until 10:10 a.m.; yields are based on Tradeweb data), and may have changed by the time of reading. The closing levels on Monday, November 2, 2026, come from S& P Dow Jones Indices, Nasdaq, and Cboe; the Treasury Department’s par yield comes from the U.S. Treasury Department’s daily par yield curve as of November 2, 2026. Economic data is from the U.S. Bureau of Labor Statistics (November 3, 2026), the Institute for Supply Management (October 2026 manufacturing PMI report), the U.S. Treasury Department (November 2, 2026), and the Federal Reserve (October 28, 2026). Company data, guidance, and plan dates are based on press releases and documents issued by each company between October 26 and November 3, 2026, and may change. Information is sourced from company press releases and documents, government and industry data, published reports, and third-party data considered reliable, but no guarantee is provided for its accuracy.Securities investment carries risks, including the possibility of losing part or all of the investment. This document is governed by Irish law.
