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U.S. stocks shift as election outlook weighs, Gary Black notes

U.S. stocks shift as election outlook weighs, Gary Black notes
Stocks mixed on election and Apple signals

U.S. stocks were mixed in pre-market trading, with the S&P 500 down 0.1% and the Nasdaq 100 up 0.3%, amid uncertainty over the U.S. midterm elections and mixed guidance from Apple. According to Gary Black, Managing Partner and Investor at The Future Fund, prediction market Kalshi reflected a 71% probability of a Democratic sweep in Congress, which could constrain President Donald Trump’s final two years and complicate efforts to end the Iran war. Technology shares recovered after earlier weakness.

Earlier, Gary Black cited negative TSLA earnings revisions and unsupervised autonomy concerns as reasons for caution on the stock, as reported in a recent note. In a separate update, U.S. stocks edged higher after SPCX reported strong third-quarter results, lifting shares of major tech firms, according to Black’s commentary. These recent developments follow ongoing attention to both tech sector performance and individual stock risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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