- As corporate performance showed symptoms of stress and the midterm elections failed to provide the republican sweep that investors had hoped for, US equity-index futures wavered between gains and losses.
- The NASDAQ 100 and S&P 500 indices' December contracts showed minimal movement the day after US equities ended a three-day rise. After reporting dismal results, News corp. and Walt Disney both experienced losses of at least 8% in the premarket New York trade. Bitcoin is heading for its largest four-day decline since June as the cryptocurrency selloff intensified. Due to a dim forecast for Chinese consumption, oil prices fell.
- Equity and bond investors had hoped for a republican resurgence in congress, with GOP control of the house of representatives and senate being the ideal scenario. However, the results of the election were mixed, with republicans likely to take control of the house by narrower percentages than anticipated and the fight for the senate remaining competitive. That made Thursday's inflation report the market's next motivator.
