M Alfathan Rahman
M Alfathan Rahman
Apple and Palantir beat estimates, but both stocks fell after hours. Tonight brings the US midterm vote, job openings data and AMD's results.
The Nasdaq Composite fell 1.07% and the S&P 500 fell 0.51% on Monday, while the Dow rose 0.41%, according to CNBC.
After the close, Apple and Palantir reported results above estimates. Even so, Apple fell 2.81% and Palantir fell 3.00% in after-hours trading, according to Yahoo Finance.
Today is also Election Day for the US midterms. Markets are waiting for job openings data at 10 a.m. ET and AMD's results after the close.
| Stock | Movement | What to Watch |
|---|---|---|
| AAPL | Down 1.83% to $338.32 on Monday, down 2.81% after hours | First regular session after fiscal Q4, with a 45% to 46% gross margin guide for the December quarter |
| PLTR | Down 3.13% to $178.34 on Monday, down 3.00% after hours | First regular session after raising 2026 revenue guidance to $8.530 billion to $8.534 billion |
| AMD | Down 7.52% to $466.84 on Monday, up 1.11% after hours | Q3 results after the close, with its call at 5 p.m. ET |
| ORCL | Down 8.76% to $119.22 on Monday | A sale of 86.2 million shares at $116 each and $10 billion in bonds |
Source: Monday closes and after-hours moves from Yahoo Finance; Apple figures from its SEC release and CNBC; Palantir figures from its SEC release; AMD's schedule from AMD's investor site; Oracle figures from Reuters via Investing.com.
Apple (AAPL) reported fiscal Q4 revenue of $114.5 billion, up 12%, and diluted earnings per share of $2.10, up 14%, according to Apple's release. Both were above the LSEG consensus of $113.39 billion and $1.99, according to CNBC.
On its call, Apple forecast a December-quarter gross margin of 45% to 46%, below the 46.3% estimate, and Services sales growth of 8% to 9%, according to CNBC.
Palantir (PLTR) reported Q3 revenue of $2.313 billion, up 96%, with US commercial revenue of $984 million, up 148%. It raised its 2026 revenue guidance to $8.530 billion to $8.534 billion, according to Palantir's release.
US Election Day falls on the Tuesday after the first Monday in November, under 2 U.S.C. §7, which is today. Voting runs through the US session, so results come in after the 4 p.m. ET close.
Industries most exposed to the result include defense, healthcare and artificial intelligence, according to CNBC.
The BLS releases September job openings data (JOLTS) at 10 a.m. ET, according to its schedule. Job openings were 7.1 million in August, according to the BLS.
It is the last labor market read before the nonfarm payrolls report on Friday, November 6. At its October 28 meeting, two Fed officials voted for a rate hike, according to the Fed's statement.
As of 11:02 p.m. ET on Monday, S&P 500 futures were down 0.09% at 7,567.75, Nasdaq 100 futures were up 0.13% at 28,164.75 and Dow futures were down 0.34% at 51,955, according to Yahoo Finance.
From the watchlist, Oracle sold 86.2 million shares at $116, an 11.2% discount to Friday's close, and raised another $10 billion through bonds, according to Reuters via Investing.com.
WTI crude settled down 7.4% at $96.46 a barrel and Brent fell 7.6% to $104.77 on Monday, the biggest one-day drop since July, on hopes for US-Iran diplomacy, according to CNBC. As of 11:02 p.m. ET, WTI stood at $96.67, according to Yahoo Finance.
Tonight the market weighs its reaction to Apple's and Palantir's reports, the JOLTS data and AMD's results after the close.
The US market opens at 9:30 a.m. ET. Midterm results and AMD's numbers arrive only after the 4 p.m. ET close, so today's session trades without knowing either.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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