Major Indexes Rise After Election Clarity, Oil Plunges| WEEX Daily Market(November 5, 2026)

Today’s Digest

• All three major indexes closed higher on November 4. Risk assets rebounded after election clarity, but AI-related stocks broadly declined.
• Brent and WTI oil both fell more than 9% over 24 hours. Bitcoin briefly rose above $80,000, and the crypto market warmed across the board.
• TRUMP token plunged. November 5 focus is earnings from Sony, ConocoPhillips and others.

Crypto Highlights

1）Bitcoin Briefly Rises Above $80,000; Crypto Market Warms Across the Board

As Bitcoin briefly rose above $80,000, the crypto market warmed across the board. Institutional analysis attributes this risk-market rebound mainly to the unwinding of concentrated pre-election hedge positions after election clarity, while the decline in political uncertainty also compressed market risk premia. Markets are watching subsequent macro data and capital flows.
Watchlist: BTC, ETH
Spot: BTC / ETH
Futures: BTC / ETH

2）RAY Rises More Than 14% Over 24 Hours

RAY rose more than 14% over 24 hours, leading majors. Markets are watching Raydium ecosystem trading volume and liquidity changes.
Watchlist: RAY
Spot: RAY
Futures: RAY

3）TRUMP Falls More Than 17% Over the Past 24 Hours

The Democratic Party won a sweeping victory in the midterms, impacting politically themed investment targets in the digital-asset market. The TRUMP-related meme coin fell more than 17% over the past 24 hours. The decline in political uncertainty has pressured related narratives.
Watchlist: TRUMP
Spot: TRUMP
Futures: TRUMP

4）WEEX Adds Support for CHOO

CHOO is a Solana meme based on the real rescue dog Choo Choo, with the slogan “The Most Measured Dog Alive.” The community centers on the dog-rescue narrative, supports paying with the token and burning supply, with part of the proceeds going to charity.
Watchlist: CHOO
Spot: CHOO

Stock Highlights

1）All Three Major Indexes Close Higher; AI-Related Stocks Broadly Decline

All three major indexes closed higher on Wednesday, with the Dow up 3.10%, its largest gain in 18 months. Risk appetite rose after election clarity. However, AI-related stocks broadly declined. Recent declines in semiconductors and storage stocks are more a market emotional reaction to AI-capex sustainability, financing pressure, valuation correction and post-election regulatory risk than a deterioration in demand itself.
Watchlist: QQQ, SMH, NVDA
Spot: QQQ / SMH / NVDA
Futures: QQQ / SMH / NVDA

2）International Oil Plunges

International oil plunged, with both Brent and WTI down more than 9% over 24 hours. Markets are watching the impact of geopolitical developments and supply expectations on prices.
Watchlist: CRUDEOIL
Spot: CRUDEOIL
Futures: XLE / CL / BZ

3）Circle (CRCL) Earnings and Stock Volatility

Circle’s stock fluctuated after earnings. Markets are watching stablecoin issuance scale, reserve yields and regulatory progress.
Watchlist: CRCL
Spot: CRCL
Futures: CRCL

4）Qualcomm (QCOM) Under Pressure After Earnings; Falls More Than 4% After Hours

Qualcomm’s fiscal 2026 fourth-quarter revenue through September 27 fell 8% year on year to $10.3 billion, with EPS of $2.17, both slightly above analyst expectations of $10.1 billion and $2.16. Qualcomm guided current-quarter revenue through December of $10.4–$11.2 billion, above the $10.55 billion expectation; EPS is expected at $2.15–$2.35, with the midpoint below the $2.32 analyst expectation. Qualcomm said component and manufacturing costs have broadly risen, and its handset business revenue fell 26% last quarter to $5.14 billion. The stock fell after hours.
Watchlist: QCOM
Spot: QCOM
Futures: QCOM

5）Arm (ARM) Earnings in Line with Expectations; Falls Nearly 3% After Hours

Second-fiscal-quarter total revenue reached $1.44 billion, up 27% year on year, with adjusted EPS of $0.52, both better than market expectations. Benefiting from strong demand from cloud providers for high-efficiency AI architectures, its data-center royalty revenue doubled year on year, and licensing revenue surged 50% to $773 million. Third-quarter revenue guidance of about $1.54 billion was basically in line with market expectations. Company executives acknowledged that current supply capacity is constraining explosive growth, while weakness in the consumer smartphone market is also a drag.
Watchlist: ARM
Spot: ARM
Futures: ARM

6）Coherent (COHR) Rises About 8% After Hours

First-fiscal-quarter total revenue reached $2.37 billion, up 50% year on year; non-GAAP EPS was $2.09, far above market expectations. Non-GAAP gross margin rose to 40.6%. The company guided second-quarter revenue of $2.55–$2.75 billion and non-GAAP EPS of $2.28–$2.48, both significantly above expectations. The stock closed down 6.22% in regular trading on November 4, but surged about 8% after hours following the earnings release.
Watchlist: COHR
Spot: COHR
Futures: COHR

Today’s Preview

Multiple companies report on November 5, covering biotech, consumer electronics, energy, travel and cloud services. Investors will watch demand and guidance.

1）Sony (SONY) — November 5

Consensus is an adjusted EPS of about $0.38 and about $19.9–$20.15 billion in revenue. Gaming digital services and music streaming growth are central; the results will reflect the consumer electronics and global entertainment sectors’ health.
Watchlist: SONY
Futures: SONY

2）ConocoPhillips (COP) — November 5

Consensus is about $3.04–$3.21 EPS and about $18.9–$19.1 billion in revenue. Production, cash flow and capex are central; oil-price volatility is the focus.
Watchlist: COP
Spot: COP
Futures: COP

3）Airbnb (ABNB) — November 5 After Hours

Consensus is about $2.85–$2.91 EPS and about $4.75 billion in revenue. Travel demand and take rates are central; the guidance will affect short-term travel-sector pricing.
Watchlist: ABNB
Spot: ABNB
Futures: ABNB

4）Cloudflare (NET) — November 5 After Hours

Consensus is about $0.34–$0.35 adjusted EPS and about $738 million in revenue. Cloud security and performance-service growth are central; the results will reflect software-services sector conditions.
Watchlist: NET
Spot: NET
Futures: NET

5）DraftKings (DKNG) — November 5 After Hours

Consensus is a loss of about $0.39–$0.41 EPS and about $1.4 billion in revenue. User growth and marketing efficiency are central; the guidance will affect sports-betting sector sentiment.
Watchlist: DKNG
Futures: DKNG

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