StocksMediumUpdated×2•Originally published 3 November 2026•Updated 3 November 2026•
1 min read
Apple Shares Slump 4.4% on Margin Warning Triggering Global Tech Rout
Key Facts
1US stocks are poised for a lower opening following disappointing earnings results from Apple.
2Investors are closely watching midterm elections that could shift control of Congress.
Apple shares dropped 4.4% in premarket trading on Tuesday, November 3, 2026. The company issued a warning regarding profit margins, which triggered a decline in European shares and led to a global rout in the technology sector, while Palantir shares fell 5.9% during the same premarket session.
Apple closed at $338.32 on November 2, 2026, prior to the current slide. In related markets, MSFT closed at $507.12 and META closed at $606.73 on the same date, as the sell-off coincided with the start of the US midterm elections.
The US Midterm Elections are taking place today, November 3, 2026, alongside the scheduled release of JOLTs Job Openings and Factory Orders data later in the session.