{
  "id": 17962125,
  "title": "US stock futures mixed as Apple slides 4.5%, investors await midterm election results",
  "url": "https://urgent.news/2026/11/03/us-stock-futures-mixed-as-apple-slides-4-5-investors-await-midterm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T12:43:05.000Z",
  "source": {
    "name": "Hindustan Times - World News",
    "slug": "hindustan-times-world-news",
    "url": "https://www.hindustantimes.com/world-news/us-news/us-stock-futures-mixed-as-apple-slides-4-5-investors-await-midterm-election-results-101793709419669.html"
  },
  "original_language": "en",
  "account": "US stock index futures moved in different directions as investors awaited the results of the US midterm elections. Apple shares dropped 4.5% in premarket trading following a warning that rising memory chip costs could hurt profit margins during the holiday quarter. Despite beating Wall Street expectations with strong iPhone sales, Apple's warning added to market concerns. Palantir Technologies forecasted fourth-quarter revenue above market expectations, but its shares fell 6.3% after reporting better-than-expected third-quarter results. The Nasdaq-100 closed more than 10% below its record high, signaling a market correction due to worries about Big Tech's AI spending. Concerns about high AI investments and lack of returns have raised doubts about their profitability. Major technology companies have increased debt for AI projects, raising doubts about their justifications as borrowing costs rise. Dow E-minis fell 219 points, S&P 500 E-minis edged up 1.5 points, and Nasdaq-100 E-minis gained 130.5 points. Several technology stocks, including Nvidia and Advanced Micro Devices, moved higher, mitigating some losses. Opinion polls suggest Democrats may take control of the House of Representatives, but the outcome of the Senate remains uncertain. Societe Generale analysts noted growing concerns about government spending and budget deficits, contributing to market volatility. The midterm elections could remove a major source of uncertainty, according to Morgan Stanley analysts, who believe the market correction that began in June is nearing its end. Investors are also watching the possibility of a fresh US attack on Iran after the midterms, though Trump has indicated no plans.",
  "summary": "US stock futures were mixed as Apple fell 4.5%, while investors awaited midterm results amid AI spending concerns and rising oil prices.",
  "key_points": [
    "Apple shares drop 4.5% amid chip cost concerns",
    "Palantir Technologies revenue forecast exceeds expectations",
    "Market correction nears end, per Morgan Stanley analysts"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}