S&P 500 at Midday: Broad Gains as Dow Leads the Charge
As seen on the 24/7 Wall St. homepage on November 2, 2026.
- S&P 500+0.59%
- Dow Jones Industrial Average+1.05%
- Nasdaq Composite+0.75%
The Dow's 1.05% midday gain is running ahead of the Nasdaq, a rotation signal worth noting with Big Tech earnings and the midterms both landing this week.
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The S&P 500 is up about 0.6% to 7,624 at midday, easing slightly from its morning high.
The Dow Jones Industrial Average is up more than 1%, running well ahead of both the S&P 500 and the Nasdaq Composite, which is up about 0.75%. That Dow outperformance relative to the Nasdaq reflects money moving toward value and cyclical names and away from large-cap technology.
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That rotation carries extra weight this week because several major technology companies are reporting earnings, and the midterm elections land in the same window. Investors positioning ahead of those events are trimming concentrated technology exposure, which explains the Nasdaq trailing its peers.
The index pulled back from its morning peak before stabilizing, so keep an eye on whether buyers defend those gains into the close.