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Markets cool after midterm rally as Musk’s stocks come under pressure

cnbc.com reported that futures were mixed and oil settled after a sharp sell-off as markets cooled following the midterm rally, and that Musk's stocks were under pressure.

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: Markets cool after midterm rally as Musk’s stocks come under pressure
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What happened

Cnbc.com reported on Nov 5, 13:41 UTC that markets cooled after the monster midterm rally and that Musk’s stocks were under pressure; the article listed CNBC as an also-reporter. The publisher’s summary said futures are mixed and oil settles after a sharp sell-off. Those were the points stated in the cnbc.com headline and summary.

Stocks market context

As of Nov 5, 17:45 UTC (Finnhub), the desk’s instruments showed sharp declines from the prior close. Tesla was $342.01 and fell 11.21% from the prior close. NVIDIA was $183.27 and fell 8.42% from the prior close. The QQQ ETF was $653.14 and fell 5.61% from the prior close; the SPY ETF was $737.94 and fell 3.76% from the prior close. Apple was $344.33 and fell 1.48% from the prior close.

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $737.94 -3.76% vs prior close Nov 5, 17:45 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $653.14 -5.61% vs prior close Nov 5, 17:45 UTC Finnhub
NVIDIA $183.27 -8.42% vs prior close Nov 5, 17:45 UTC Finnhub
Apple $344.33 -1.48% vs prior close Nov 5, 17:45 UTC Finnhub
Microsoft $539.91 -2.86% vs prior close Nov 5, 17:45 UTC Finnhub
Amazon $260.57 -2.05% vs prior close Nov 5, 17:45 UTC Finnhub
Alphabet $285.04 -1.35% vs prior close Nov 5, 17:45 UTC Finnhub
Meta Platforms $605.54 -3.88% vs prior close Nov 5, 17:45 UTC Finnhub
Tesla $342.01 -11.21% vs prior close Nov 5, 17:45 UTC Finnhub
JPMorgan Chase $339.81 -3.49% vs prior close Nov 5, 17:45 UTC Finnhub

Yahoo published a piece titled "These AI Names Sat Out the Midterm Rally. Now, the Losses Are Intensifying." saying losses for AI winners-turned-market laggards are intensifying. Yahoo also ran headlines linking Tesla and SpaceX to post-election declines, and manilatimes.net reported stocks surged and the Dow rose after the midterms in a separate item.

What to watch

LYV, EOG, DVN and RGA Q3 2026 earnings are scheduled Thu Nov 5 (after the close); HUM, CHTR, PAGP and GLP Q3 2026 earnings are scheduled Fri Nov 6 (before the open).

  • Thu Nov 5 (after the close) — LYV Q3 2026 earnings · EPS estimate 1.56
  • Thu Nov 5 (after the close) — EOG Q3 2026 earnings · EPS estimate 4.50
  • Thu Nov 5 (after the close) — DVN Q3 2026 earnings · EPS estimate 1.34
  • Thu Nov 5 (after the close) — RGA Q3 2026 earnings · EPS estimate 6.98
  • Fri Nov 6 (before the open) — HUM Q3 2026 earnings · EPS estimate -1.01
  • Fri Nov 6 (before the open) — CHTR Q3 2026 earnings · EPS estimate 9.24

Sources and data

  • cnbc.com (secondary source) — Markets cool after the monster midterm rally with Musk's stocks under pressure
  • Yahoo (secondary source) — These AI Names Sat Out the Midterm Rally. Now, the Losses Are Intensifying.
  • manilatimes.net (secondary source) — Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections
  • Finnhub (market data) — market data

Market data as of Nov 5, 17:45 UTC; report generated Nov 5, 17:51 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. cnbc.com (secondary, retrieved Nov 5, 2026, 05:52 PM UTC)
  2. Yahoo (secondary, retrieved Nov 5, 2026, 05:52 PM UTC)
  3. manilatimes.net (secondary, retrieved Nov 5, 2026, 05:52 PM UTC)
  4. Finnhub (market-data, retrieved Nov 5, 2026, 05:52 PM UTC)

Market data as of Nov 5, 2026, 05:45 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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