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CNBC business news update. Market midday. I'm Jessica Edinger. Wall Street is in the green on this first trading day of November. The NASDAQ 100 notched a losing month last month, its worst in a year. The Dow's up this afternoon 421 points. Sherwin Williams shares leading it higher. They're up almost 5%.
Sherwin Williams makes paint. Oil prices are lower. So Sherwin Williams is benefiting. The S&P 500 index up 14 points. The Nasdaq's up 30 points this afternoon. Chipmaker shares are now mixed. Here's Verdice Investments Joe Tteranova on CNBC today. I don't think you have any confirmation today that you have an allclear signal just because you have a bounce in the market.
Let's be clear, today is about the price of oil being 7% lower, yields falling further to levels we haven't seen in the last 45 days. It's election eve. CNBC's Megan Cassella looks at what might happen with a divided government, depending on the outcome of the midterms tomorrow. The Democratic House will gain investigative power, and a Democratic Senate would have the power to confirm or reject nominations, including most notably to the Supreme Court and the Federal Reserve.
President Trump then will be exercising his veto power and likely leaning more on executive orders. Democrats though have been clear about their day one priorities. They say they'll be focused on reversing Medicaid cuts, extending Affordable Care Act tax credits, ending the Iran war, and limiting the president's tariff authority.
There could be some room for dealmaking here. Republicans have been asking, for example, for tens of billions more in Iran war funding. Democrats could trade that for a win on healthcare. Oil futures falling on hope. Middle East peace talks will produce an end to the US war with Iran. Reuters reporting a draft proposal is already being circulated.
But for voters on this midterm election eve, it might be too late. Here's CNBC's Sarah Eisen. Gas prices, you got to start there. Obviously, this is the most sort of psychological pain point for consumers. This is a chart that shows gas prices since President Trump has been elected. Look at $4.17 a gallon where we are.
It's it's about a a buck 13 more expensive than a year ago. They're almost 40% higher. That's a visible sort of visceral cost for for millions of voters. And especially, you know, in some of these some of these swingy states, you know, where we're watching these Senate races like Maine, I was looking at Maine.
Half of Maine households use heating oil as their primary heating fuel. That's the highest share of any state. And we know what has happened with the price of heating oil. So, that's something that that people are feeling right now. Anthropic updating its paperwork to go public with the S1 documents showing a $17 billion Q3 revenue number purchase commitments of about $895 billion.
Anthropic may issue shares to the public before the end of the year. Apple CEO John Turnis facing his first big Wall Street test this afternoon. Apple will report quarterly results after the closing bell. Full coverage on CNBC TV, CNBC.com, and the CNBC app on your phone. The Powerball jackpot for tonight, comfortably more than threequarters of a billion dollars at 793 million. Jessica Edinger, CNBC.
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