NEW YORK – November 04, 2026 -- Fortinet shares opened 26.5% below their prior close on Oct. 29 after third-quarter results, leaving an unfilled price gap between $139.44 and $173.02, while the S&P 500 closed Tuesday at 7,568.92, below its 50-day average of 7,692.74 for a third straight session.
Indexes hold above 200-day lines but lag short-term trend
The S&P 500 rose 0.36% on Tuesday and sits about 3.5% under its 52-week intraday high of 7,844.52 set Oct. 6. Monday's close of 7,541.40 was its lowest since July 31. Its 200-day average stands at 7,315.89.
The Nasdaq Composite gained 0.83% to 25,372.01, nearly 1,170 points below its 50-day average of 26,541.66 and about 1.2% above its 200-day average of 25,073.21. The Dow Jones Industrial Average slipped 0.38% to 51,786.72, its third close beneath a 50-day average of 52,152.95. The Russell 2000 added 0.23% to 2,812.45, about six points above its 200-day average of 2,806.49.
As of 2:26 a.m. ET, S&P 500 futures were down 0.20% and Nasdaq-100 futures were down 0.26%. Dow futures were up 0.08% and Russell 2000 futures were up 0.27%.
Democrats win both chambers, setting a Jan. 3, 2027 start for the new Congress
According to Associated Press race calls as of 2:13 a.m. ET, Democrats won control of the Senate and the House. Terms in the new Congress begin Jan. 3, 2027. Policy-linked items appear in company disclosures, including Boeing's U.S. Navy selection for the F/A-XX fighter, tariff relief cited by Chipotle and trade-policy factors in UPS's forward-looking statements.
Fortinet raises 2026 guidance but stock falls below its 200-day average
Fortinet reported third-quarter revenue up 20% to $2.08 billion, billings up 29% to $2.34 billion and product revenue up 37% to $765 million. It raised 2026 revenue growth guidance to 20%, guided fourth-quarter revenue to $2.155 billion-$2.245 billion and added $1.2 billion to its buyback authorization.
Volume on Oct. 29 reached about 17.4 million shares, more than four times the 50-day average. The stock closed Nov. 2 at $126.21, its first close under the 200-day average since April 23, and ended Tuesday at $128.11 versus a 200-day of $128.90 and a 50-day of $170.32.
Boeing posts $745 billion backlog as shares hit a 52-week low
Boeing reported third-quarter revenue of $24.2 billion, up 4%, with a GAAP loss of $0.26 per share, a core loss of $0.34 and free cash flow of $0.5 billion. Backlog reached a record $745 billion, including over 6,300 commercial airplanes. The 737-7 and 737-10 both received amended FAA type certification.
Shares fell 10.7% to $168.18 on Oct. 27 on about 47.3 million shares, roughly 6.7 times the 50-day average, and touched a 52-week low of $165.01 the next day. The stock recovered to $173.31 but trades below its 50-day average of $194.61 and 200-day average of $216.25. It has not closed above the 50-day since Aug. 19.
Chipotle extends rally to five sessions on positive transaction growth
Chipotle's third-quarter revenue rose 9.6% to $3.3 billion, with comparable sales up 2.1% and transactions up 0.8%. Diluted EPS fell 6.9% to $0.27 from $0.29. Food, beverage and packaging costs eased to 29.5% of revenue from 30.0%, which the company attributed to menu price increases, tariff relief and favorable limited-time offer mix, partly offset by beef and freight inflation. It plans 340 to 360 new company-owned U.S. and Canadian restaurants in 2027.
Shares rose from $27.98 on Oct. 27 to $33.26 on Tuesday, above the 50-day average of $32.90. The 200-day average of $33.99 is the next resistance; the stock last closed above it Sept. 14. A gap between $29.24 and $29.90 remains open.
Wingstop rallies 69% from September low despite 5.4% same-store sales decline
Wingstop's domestic same-store sales fell 5.4% in fiscal third quarter, while system-wide sales rose 6.0% to $1.4 billion and revenue rose 5.3% to $185.1 million on 76 net new openings. It now expects a domestic same-store sales decline of about 6.5% to 7% in 2026 and 440 to 450 global net new units.
The stock closed up 12.2% at $138.57 on Oct. 28 and hit an intraday high of $170.37 on Nov. 2. Tuesday's close of $161.57 sat just below the 200-day average of $162.27. A gap between $124.19 and $128.70 remains open.
UPS lifts 2026 outlook to $92.6 billion revenue and climbs above 200-day average
UPS reported third-quarter revenue up 6.7% to $22.9 billion, diluted EPS of $1.37 and adjusted EPS of $1.69. It raised fourth-quarter and full-year guidance, now expecting about $92.6 billion in revenue and adjusted EPS of about $7.28.
The stock rose 5.75% to $106.09 on Oct. 27 without gapping, its first close above the 200-day average since Aug. 28. It closed Tuesday at $109.17, above its 50-day average of $99.49 and 200-day average of $104.60. The 52-week high is $122.41 from Feb. 12.