Yesterday's rally, driven by consumer-oriented sectors on hopes the election could calm inflation and geopolitical turbulence, precedes Friday's critical nonfarm payrolls report.
Stocks are under pressure across the board, particularly in tech, as concerns around the future of the AI infrastructure buildout drive investors to the sidelines.
Major market indexes might look calm year to date, but subsurface churn has become increasingly intense, which is also being reflected in some economic growth data.
While Tuesday's U.S. mid-term vote dominates headlines, the tech sector got a boost from strong results reported by Advanced Micro Devices and other AI firms. Arm reports later.
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