Stock Market Today: Nasdaq Rises 0.6% as AI Stocks Rebound; Dow Slips on Disney Weakness; ADP Jobs Data Disappoints

New York, Nov. 4, 2026 — U.S. stocks closed mixed on Wednesday, with the Nasdaq Composite advancing as AI and semiconductor shares recovered from the prior session’s selloff, while the Dow Jones Industrial Average slipped on disappointing results from Disney and a weaker-than-expected private-sector jobs report.

The Nasdaq Composite rose 0.58% to close at 26,378.94, while the S&P 500 gained 0.21% to 7,753.85 . The Dow Jones Industrial Average fell 0.27% to 52,374.45, weighed down by Disney’s 7.8% decline .

Why Did the Nasdaq Rise Today?

1. AI and semiconductor stocks staged a rebound. The Philadelphia Semiconductor Index climbed 1.4%, recovering from Tuesday’s pullback. Nvidia gained 1.9%, Broadcom added 2.4%, and AMD rose 1.7% as dip buyers returned to the sector following Palantir’s post-earnings plunge .

2. CoreWeave earnings reassured investors. The AI infrastructure company reported third-quarter revenue of $1.36 billion**, beating the **$1.29 billion consensus, and raised its full-year outlook. Shares initially jumped 6% before paring gains to close up 2.8% . The results eased fears about the debt-fueled data center buildout that had pressured the stock in recent weeks .

3. Microsoft and Nvidia partnership news lifted sentiment. Reports that the two companies are expanding their AI infrastructure collaboration, including a new chip design initiative, added to the positive tone in megacap technology .

Which Stocks and Sectors Moved the Most?

On the upside:

• Cisco Systems rose 2.1% after an upgrade from Morgan Stanley, which cited AI networking demand
• Eli Lilly gained 1.8% after reporting strong sales of its weight-loss drug Zepbound
• Qualcomm added 1.5% following a positive note from Barclays on automotive chip growth

On the downside:

• Disney plunged 7.8% after reporting weaker-than-expected streaming subscriber growth and warning of higher content costs in 2027
• Airbnb fell 3.4% despite beating earnings estimates, as investors focused on slowing nights-booked growth
• Marriott dropped 2.1% on a cautious outlook for business travel

What Economic Data Was Released Today?

The ADP private-sector employment report showed employers added just 42,000 jobs in October, well below the 75,000 consensus and a sharp slowdown from September’s revised 58,000 . The data reinforced expectations that the labor market is cooling, potentially giving the Federal Reserve room to hold rates steady through year-end .

The ISM Services PMI for October came in at 52.4, slightly above the 52.0 consensus but down from September’s 53.1, indicating continued expansion at a slower pace .

What Are Treasury Yields and the VIX Saying?

The 10-year Treasury yield slipped to 4.94% from Tuesday’s 4.98%, as the weak ADP report drove demand for government bonds . The 30-year yield eased to 5.39% .

The CBOE Volatility Index (VIX) fell 3.2% to 15.76, signaling that market anxiety eased as AI stocks stabilized .

What’s Next for Investors?

All eyes are on Friday’s October nonfarm payrolls report, with economists now expecting job growth of approximately 50,000 following the weak ADP reading. A soft print would likely reinforce the view that the Fed is done tightening, while a strong surprise could revive rate-hike expectations .

CoreWeave’s post-earnings call and Disney’s guidance will continue to be parsed for clues on AI spending and consumer health. Thursday’s earnings calendar includes AMC Networks, Duke Energy, and Pfizer .

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Key Takeaways (Quick Summary)

• Nasdaq rose 0.58% to 26,378.94; S&P 500 gained 0.21% to 7,753.85; Dow fell 0.27% to 52,374.45
• Semiconductor index climbed 1.4%, led by Nvidia +1.9% and Broadcom +2.4%
• CoreWeave beat revenue estimates and raised guidance, easing AI debt fears
• Disney plunged 7.8% on weak streaming growth and higher content cost warnings
• ADP private-sector jobs came in at just 42,000, far below the 75,000 consensus
• 10-year Treasury yield slipped to 4.94%; VIX fell 3.2% to 15.76
• October nonfarm payrolls due Friday, consensus now expects ~50,000 jobs