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Tech Stocks Lift Wall Street Ahead of Midterms

Heavyweight tech shares boosted the S&P 500 and Nasdaq on Tuesday as investors digested strong US economic data and awaited midterm election results. Meanwhile, China raised its foreign exchange reserve requirement to slow the yuan rally.

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Voters present identification at a check-in table at Rye Elementary School during the US midterm elections in Rye, New Hampshire, US, November 3, 2026. REUTERS/Ed Ou

Heavyweight tech stocks lifted the S&P 500 up 0.4% and the Nasdaq up 0.8% during Tuesday's session as investors digested strong economic data and awaited midterm election results in the United States.