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Nasdaq Rises 0.83%, VIX Eases to 20.83: Closing Notes for Tuesday

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Closing Notes card, Nov 3, 2026: Chips lift Nasdaq, AMD jumps late. Tiles: Nasdaq up 0.83% at the 25,372.01 close, VIX 20.83, down 0.32 points, AMD up 7.24% after hours.

Tuesday, November 3, 2026: stocks split on Election Day. Chip makers rebounded and carried the Nasdaq Composite and the S&P 500 higher, ending the S&P’s three-day slide, while the Dow fell. A strong job openings report pushed yields up. The bigger moves came after the bell, when AMD, Arista and Super Micro reported, and the first poll closings are still ahead tonight.

How the session closed

  • Indexes. The S&P 500 closed at 7,568.92, up 27.52 points or 0.36%. The Nasdaq Composite rose 207.65 points, or 0.83%, to 25,372.01. The Dow fell 197.26 points, or 0.38%, to 51,786.72. The Russell 2000 added 6.57 points, or 0.23%, to 2,812.45 (CNBC quote pages).
  • Breadth. The gain was narrow: decliners beat advancers 1,616 to 1,177 on the NYSE, while the Nasdaq was closer, 1,801 to 1,567 the other way (Investing.com).
  • Chips and tech. AMD closed up 3.65% at $483.90 before its report (CNBC). Nvidia, Microsoft and Amazon each gained more than 2% (Investing.com). At 2:17 p.m. ET, technology was the best S&P 500 sector, up 1.4%, with materials and staples at the bottom (StockTitan). Apple lost 1.90% and Palantir 1.65% after their Monday reports (StockTitan).
  • Other movers. Fiserv rose 12.46%, while Dynatrace fell 14.66%, Gartner 13.37% and Shopify 8.74% (StockTitan quote data at 4:00 p.m. ET). Sysco lost about 9%, and Merck, Sherwin-Williams and Home Depot each fell roughly 3% (Investing.com).
  • VIX. 20.83, down 0.32 points or 1.51%, last at 4:15 p.m. ET (CNBC). One wire report carried 20.51; we use CNBC’s quote, which agrees with the 20.8 area shown by Yahoo Finance and Investing.com.
  • Yields. At 5:05 p.m. ET the 2-year was at 4.635%, up 0.052 points; the 10-year at 4.966%, up 0.072; and the 30-year at 5.334%, up 0.065 (CNBC). Trading Economics linked the rise to the job openings report and noted the Treasury cut its fourth-quarter borrowing estimate by $10 billion to $618 billion.
  • Oil. WTI was at $96.76, up 0.31%, and Brent at $104.43, down 0.32%, on CNBC’s last quotes, after Brent traveled from under $102 to above $106 during the day on Iran headlines, including a reported US strike on Qeshm Island (Trading Economics).
  • Data. September job openings came in at 7.523 million against a 7.10 million consensus and 7.19 million prior, and quits rose to 3.365 million from 3.044 million. Factory orders rose 1.8% against 1.2% expected; excluding transportation, 1.3% against 0.5% (Trading Economics calendar). The hiring rate edged up to 3.4% (Yahoo Finance).

After hours

Quotes below are CNBC’s, read at about 5:30 p.m. ET, compared with the 4:00 p.m. close.

  • Arista Networks. Up 12.56% to $191.25, the largest move among the big names. Revenue of $3.66 billion beat a $3.33 billion consensus, and non-GAAP EPS of $1.20 beat $1.08. Fourth-quarter revenue guidance of $3.9–$4.0 billion compares with $3.6 billion expected (AskTraders, company release).
  • AMD. Up 7.24% to $518.91. The stock was up about 9% near 4:40 p.m. (Investing.com) and 7.62% at 4:51 p.m. (Yahoo Finance). Adjusted EPS of $2.09 beat estimates of $1.94–$1.97, and revenue of $13.38 billion beat about $13.06 billion. Data center revenue rose 97% to $8.5 billion. Fourth-quarter revenue guidance of about $17 billion, plus or minus 3%, compares with $16.23 billion expected (company release, Investing.com).
  • Super Micro. Up 8.29% to $33.99. Revenue of about $19.9 billion beat about $16.26 billion, and adjusted EPS of $1.81 beat $1.23. The company raised its fiscal-year revenue outlook to $72–$82 billion from $65–$72 billion (Investing.com, 24/7 Wall St.).
  • Skyworks. Down 16.58% to $71.24. Results were close to estimates, but revenue guidance of $1.80–$1.90 billion trailed a $2.00 billion consensus (Investing.com, StockStory).
  • Nurix. Down 33.97% to $17.05 after partner Sanofi discontinued a Phase 1 trial and ended the joint program (Investing.com).
  • Toast and Booking. Toast fell 5.07% to $31.83 after adjusted EPS of $0.29 missed a $0.37 estimate. Booking fell 1.50% to $153.33 on a mixed report (Investing.com).

What it means for options traders

Realized vs implied. A VIX of 20.83 works out to about 1.30% a day on the usual divide-by-16 shortcut. The S&P 500 moved 0.36% close to close, and the 0.54% gain TheStreet showed at 12:51 p.m. was still well inside that figure. Index vol kept a premium over what the session delivered, which is common with a known event still ahead.

Index calm, single-stock size. Arista up 12.56% and Skyworks down 16.58% sit in the same broad tech trade, and neither shows up in an index that moved a third of a percent. That is dispersion: the gap between index vol and the vol of its members. Today’s index options expired before any of these reports, so the after-hours repricing belongs to the expirations still open. We could not confirm a closing skew reading.

Term structure. Saxo had about 1.85% priced through Friday this morning. Election results, Wednesday’s Treasury refunding and Friday’s jobs report all sit inside that window. Comparing expirations on either side of each event shows where the premium sits, which is the same comparison a calendar spread is built on. For the companies that reported tonight, front-month event premium usually gets repriced once results are out, and setting the actual move against what was priced is the useful exercise.

Sources

Related reading

This post is for education only. It is not investment advice or a recommendation to buy or sell any security or option. Options involve risk and are not suitable for all investors. Figures are from the sources listed and may be revised; check primary sources before relying on any number.

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