U.S. stock futures were little changed on Thursday, November 5, 2026, following a rally tied to the midterm elections, according to Reuters. The S&P 500 held steady, while the Nasdaq underperformed as chip stocks came under pressure.
Reuters reports that weakness in semiconductor shares weighed on the Nasdaq. Other outlets covering the session described a rotation away from chip stocks after the midterms, with Investing.com noting that Nasdaq futures fell amid that shift.
Coverage of the trading day was mixed across outlets. CNBC reported the Dow rising about 300 points after what it called a monster postelection rally, while Yahoo Finance described the broader post-election relief rally as fading, with the S&P 500 and Nasdaq slipping and oil prices rising. Investor's Business Daily also reported the Dow higher in live coverage, citing earnings-driven moves in individual names including Cava and Dutch Bros.
The picture from the reporting is of a market splitting along sector lines rather than moving as one. The Dow drew support, the S&P 500 futures were steady per Reuters, and chip stocks dragged on the Nasdaq.
What to watch next: whether the pressure on semiconductor shares continues into the next session, and whether the Dow's postelection gains hold as the relief rally shows signs of cooling.