It’s quiet. Too quiet.

’Twas the day before the US presidential election, and few stocks were stirring.

That’s the scene as of midday Monday, with the S&P 500 down about 0.5% with the vote as well as a Federal Reserve decision later this week on deck.

With these potentially major catalysts around the corner, there’s not a ton of trading activity. As of 11:30 a.m. ET, about 2.8 million fewer shares of the SPDR S&P 500 Trust had traded compared to their one-month average.

Traders are braced for volatility ahead. The VIX — the stock market’s “fear gauge” — has remained above 20 since Thursday, a level that suggests above-average investor concern about the potential for a near-term market drawdown.

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Luke Kawa

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AMD’s spike reveals just how central CPUs are to the AI boom

“The world has changed, amid sentiment that the CPU growth trajectory has changed,” wrote Morgan Stanley analyst Joseph Moore.

AMD Ryzen 5 2600 Processor close up in the black motherboard CPU socket. Advanced Micro Devices is an American semiconductor company

Helena Cheng1h

AMC gains as strong Q1 results give breathing room for balance sheet improvements

AMC shares are rising in early Wednesday trading after the theater chain reported Q1 earnings results with revenue exceeding estimates after the bell Tuesday.

Key numbers:

Revenue of $1.05 billion (compared to analyst estimates of $972.6 million).
Adjusted EBITDA of $38.3 million (estimate: $7.7 million).

Attendance reached 30.7 million in the US and 16.9 million internationally, with improving demand thanks to recently released movies like “Project Hail Mary,” “The Super Mario Galaxy Movie,” and “Michael.”

A prolonged string of positive operating results like these will be needed to improve AMC’s balance sheet over time. AMC is still carrying around $4 billion in debt, which management is aiming to refinance and pay down over time.

“Refinancing has bought time to delever amid the stop-and-go box-office rebound as film supply is set to improve,” Bloomberg Intelligence analysts Kevin Near and Geetha Ranganathan wrote in the wake of this release. “AMC expects to close more underperforming theaters this year and hinted that positive free cash flow may hinge on a strong 2027 movie slate.”

Analysts at Benchmark upgraded the stock to “buy” from “hold” following these Q1 results.

Rani Molla

Uber Q1 earnings, Q2 guidance come in above Wall Street estimates

Uber reported earnings before the bell Wednesday.

Disney rises after quarterly revenue beat, boosted by streaming and theme park growth

Disney reported its second-quarter results before markets opened on Wednesday.

Max Knoblauch3h

J. Edward Moreno3h

Oscar Health beats Q1 estimates on lower medical costs, reaffirms full-year guidance

Oscar Health is soaring in premarket trading after it reported earnings results that beat Wall Street expectations and reaffirmed its full-year guidance.

For the first three months of 2026, the company reported:

Earnings per share of $2.07, compared to the $1.11 analysts polled by FactSet were expecting.
Revenue of $4.65 billion, higher than the $4.5 billion that was penciled in.
A medical cost ratio of 70.5%, lower than the 73.8% the Street was expecting. The company said this was because of a “disciplined pricing strategy, claims and risk adjustment seasonality from metal and new member mix, and favorable prior period reserve development.”

For the full year, Oscar reaffirmed the guidance it gave in February:

Revenues between $18.7 billion and $19 billion, in line with the $18.8 billion analysts are expecting.
Its medical cost ratio to sit between 82.4% and 83.4%, also in line with the 83.3% the Street is penciling in.

The company, like most health insurers, struggled last year amid rising medical costs. Oscar’s higher-than-expected profit was driven by a sharp drop in medical costs and increased premiums alongside higher enrollment.

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