macro

Dow futures slip and Treasury yields rise ahead of US midterm elections

Dow futures fell 0.5% and Treasury yields edged higher as investors await US midterm elections, while oil recovered part of Monday's sharp losses.

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what happened

Futures on the Dow Jones Industrial Average are sliding and US Treasury yields are edging higher as investors wait for the midterm congressional elections on Tuesday. According to Dow Jones Newswires, Dow futures lost 0.5% and S&P 500 futures dropped 0.1%, while Nasdaq futures were flat after the index's worst three-day run since April 2025.

Oil is recovering part of Monday's steep decline: Brent is up 1.6% at $106.50 a barrel and West Texas Intermediate has risen 1.4% to around $97.90. Gold is down more than 1% near $3,900 a troy ounce, and Bitcoin has slipped to about $76,400.

Jefferies analysts expect the vote to be a so-called clearing event that removes uncertainty, though they see little fundamental change.

why it matters

Nuveen's head of macro credit Laura Cooper said Treasurys will be driven more by this week's economic releases than by the election itself. US job openings and September factory orders are due today and could set the direction for yields more than the election results.

market impact

US stocks and oil: election uncertainty and renewed AI worries weigh on futures, while Brent gains on rebound

  • Dow futures pressure down — investors are cautious ahead of the vote and renewed concerns over AI
  • Brent pressure up — recovering part of the sharp drop from the previous session

tags

instruments

Dow futuresS&P 500 ↗10-year TreasuryBrentGold ↗Bitcoin ↗

sources

  1. Dow Futures Fall, Treasurys Yields Rise Heading Into Midterms — Dow Jones Newswires, 3 November 2026 at 09:19 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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