DoorDash decided to buy all the groceries, while Texas data centers and our chip heavyweights caught a sudden chill

Morning brief: DoorDash decided to buy all the groceries, while Texas data centers and our chip heavyweights caught a sudden chill

Published Nov 5, 2026, 8:03 AM EST

Blue Wave Sparks Massive Market Divergence

U.S. stocks logged sweeping post-midterm gains as Democrats took Congress, but tech futures trade mixed Thursday as AI hardware and energy face pressure. The rotation reflects relief over legislative gridlock against growing scrutiny on data center buildouts, while oil's steep decline eases inflation fears.

Sources: www.washingtonpost.com · www.cnn.com

Vistra Plunges 13.8% on Policy Blow

Vistra sank 13.83% alongside data-center power peers as Texas elected Gina Hinojosa, who campaigned on a moratorium on new data center approvals. While Vistra's near-term capacity remains heavily hedged through 2027, the political shift introduces meaningful long-term headwinds for Texas grid additions and unhedged generation.

Sources: www.washingtonpost.com · www.timesfreepress.com

CVS Slumps 12.5% on Spinoff Plan

CVS Health dropped 12.53% after revealing plans to dismantle its healthcare conglomerate and split into two standalone public entities by 2028. Despite stronger third-quarter profits and raised annual guidance, investors balked at substantial multi-year execution risks and the dissolution of Caremark and Aetna integration synergies.

Sources: www.sec.gov · keyt.com

DoorDash Jumps 8.3% on Instacart Deal

DoorDash surged 8.33% following record third-quarter results with revenue expanding 34% to $4.6 billion alongside an agreement to acquire Instacart for $65 per share. The massive transaction cements DoorDash's dominant grocery delivery moat, though integration costs and regulatory clearance will dictate long-term accretion.

Sources: ir.doordash.com

Chip Slump Tests Tech Market Resiliency

Nasdaq futures are lagging Thursday morning as global semiconductor selloffs spread from Asia overnight, exacerbated by post-earnings handset weakness at Qualcomm. Monitor whether buyers defend critical support at the opening bell, particularly with today's key reports ahead from Arm Holdings, DraftKings, and Applied Optoelectronics.

Sources: www.washingtonpost.com

Stocks in this edition: DASH, VST, NVDA

Upcoming earnings

• AMAT — Thu, Nov 12, 2026, after the close
• NVDA — Tue, Nov 17, 2026, after the close
• DELL — Tue, Nov 24, 2026, time not announced
• AVGO — Wed, Dec 9, 2026, after the close
• MU — Wed, Dec 23, 2026, after the close
• TSM — Thu, Jan 14, 2027, time not announced

The day's lineup changes

No lineup changes this day.