Dow Jumps Over 1,100 Points; McDonald’s Shares Gain Following Upbeat Earnings

by | Nov 4, 2026 | General

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 1,100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 2.16% to 52,907.67 while the NASDAQ climbed 1.74% to 25,813.85. The S&P 500 also rose, gaining, 1.48% to 7,680.83.

Leading and Lagging Sectors

Consumer discretionary shares jumped by 3.8% on Wednesday.

In trading on Wednesday, energy stocks fell by 3.2%.

Top Headline

Shares of McDonald’s Corp. (NYSE:MCD) gained around 4% on Wednesday after the company reported upbeat third-quarter earnings.

The fast-food chain reported adjusted earnings of $3.57 per share, beating the analyst consensus estimate of $3.38. Revenue increased 1% year over year on both a reported and constant-currency basis to $7.157 billion, missing the Street estimate of $7.285 billion.

The company increased its quarterly cash dividend by 4% to $1.93 per share, payable on Dec. 15.

Equities Trading UP
           

  • Curis Inc (NASDAQ:CRIS) shares shot up 103% to $1.45 after rising 8% on Tuesday.
  • Shares of Alight Inc (NYSE:ALIT) got a boost, surging 61% to $16.32 after the company reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates.
  • DarkIris Inc (NASDAQ:DKI) shares were also up, gaining 46% to $2.18.

Equities Trading DOWN

  • Parabolic Technologies, Inc. (NASDAQ:PARA) shares dipped 88% to $0.3334 after the company announced the pricing of $13.5 million underwritten public offering.
  • Shares of Cenntro Inc. (NASDAQ:CENN) were down 58% to $0.1260 after dipping 85% on Tuesday. The company announced deliveries of its LS450 electric trucks in US under government incentive programs that support commercial fleet electrification.
  • Nurix Therapeutics, Inc. (NASDAQ:NRIX) was down, falling 37% to $16.39 after Sanofi notified the company of its decision to discontinue the Phase 1 first-in-human clinical trial of SAR448272.

Commodities 

In commodity news, oil traded down 3% to $93.23 while gold traded up 2.8% at $4,049.10.

Silver traded up 4.4% to $51.940 on Wednesday, while copper fell 0.4% to $6.3790.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 1.7%, while Spain’s IBEX 35 Index jumped 3.2%, London’s FTSE 100 rose 1.8%, Germany’s DAX surged 2%, while France’s CAC 40 climbed 2.1%.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan’s Nikkei 225 falling 1.42%, Hong Kong’s Hang Seng index gaining 1.67%, China’s SSE Composite Index jumping 2.16% and India’s BSE Sensex gaining 0.50%.

Economics

  • The U.S. trade deficit fell to $105 billion in September from $105.7 billion in the previous month, and versus market estimates of a $108 billion gap.
  • Exports rose 1.9% to a five-month high of $321.5 billion, while imports increased 1.2% to a record high of $426.6 billion in September.
  • Private businesses in the U.S. rose by 86,000 jobs in October, topping market estimates of 69,000.
  • U.S. mortgage applications declined 1.2% in the week ended Oct. 30, following a 3.4% gain in the previous period.

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