S&P 500 futures gain slightly on AMD's strong earnings as traders await election results: Live updates
Investors braced for the results of the 2026 U.S. midterm elections.
On Tuesday evening, U.S. stock index futures exhibited minimal movement as investors awaited early results from the upcoming midterm elections. Despite this, chipmaker AMD experienced a significant rally, gaining up to 7% after reporting robust third-quarter earnings. The tech giant attributed its success to the rising demand for artificial intelligence, with CEO Lisa Su emphasizing that data centers are now the company's primary revenue driver.
AMD also projected above-consensus earnings for the fourth quarter, helping to alleviate concerns about AI demand and spending that had plagued Wall Street throughout October. While the overall market sentiment remained subdued, with the midterms widely anticipated to shape the regulatory landscape for President Donald Trump's remaining term, the Republican Party faced a challenging path due to widespread voter discontent over fuel prices, inflation, government corruption, and the ongoing war with Iran.
The Democrats were seen as likely to secure majorities in both the Senate and the House of Representatives, potentially limiting Trump's capacity to enact new legislation.
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Also reported by 4 other outlets
- U.S. stock futures steady with midterms in focus; AMD rallies on strong earnings investing.com
- Live updates: 2026 U.S. midterm elections coindesk.com
- Live US midterm elections results — in charts and maps ft.com
- Stock futures fall as traders speculate Democrats headed for big wins in midterm elections: Live updates cnbc.com
