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BLOCKHAVEN

Morning Intelligence·Wednesday, November 4, 2026

Software companies fall against a firmer premarket

Oracle (−5.0%), Datadog (−17.7%), and Palantir (−5.2%) all trade lower premarket, and QQQ (+0.2%) is ahead of SPY (+0.9%).

Data through
Market data as of
Published
By
Blockhaven Research
In this edition
  1. Opening read
  2. Overnight tape
  3. Movers that matter
  4. Earnings radar
  5. Today's catalysts
  6. What we're watching
  7. Blockhaven Macro
  8. Risk and opportunity
  9. Market context
  10. Data note
  11. Sources

Opening read

Oracle (−5.0%), Datadog (−17.7%), and Palantir (−5.2%) are 3 of the 6 names on this morning's movers list, all software companies and all lower.

The index proxies show the same tilt: QQQ, which carries more technology weight, is up 0.2% against up 0.9% for SPY. Datadog has a filing behind the move; Oracle filed something since Tuesday's close, but a link to the move is not established; Palantir has no verified catalyst. Amgen is up 7.1% premarket after it reported quarterly results after Tuesday's close. The first test is whether QQQ is still behind SPY once regular trading has had an hour.

Overnight / pre-market tape

At 8:15 AM ET, SPY is up 0.9% and QQQ is up 0.2% versus the prior close. The 10-year Treasury yield rose 4 bp to 4.95% on Tuesday, the VIX closed Tuesday at 20.8, and Bitcoin trades at $78,318 (+1.4% over 24 hours).

Movers that matter

  1. ORCL−5.0% downpremarket

    Company filing

    Oracle

    Oracle shares are down 5.0% premarket. The company also disclosed a securities offering prospectus supplement (Form 424B5) in an 8-K filed before the open; a link to the move is not established.[1][2]

    Link to the move not established

    Oracle is among the largest U.S. stocks by market value, so a move this size can shift the index proxies.

  2. FIS−21.0% downpremarket

    Earnings

    Fidelity National Information Services

    Fidelity National Information Services shares are down 21.0% premarket after the company reported quarterly results before the open (8-K Item 2.02).[1][2]

    Operating margin expanded 229 basis points year over year to 19.1%.

  3. DDOG−17.7% downpremarket

    Earnings

    Datadog

    Datadog shares are down 17.7% premarket after the company reported quarterly results before the open (8-K Item 2.02).[1][2]

    Operating margin expanded 690 basis points year over year to 6.2%.

  4. TSLA−5.1% downpremarket

    No verified catalyst

    Tesla

    Tesla shares are down 5.1% premarket. No verified catalyst identified.[1]

    3,075,265 shares had changed hands premarket by 8:15 AM ET.

  5. PLTR−5.2% downpremarket

    No verified catalyst

    Palantir

    Palantir shares are down 5.2% premarket. No verified catalyst identified.[1]

    1,533,761 shares had changed hands premarket by 8:15 AM ET.

  6. AMGN+7.1% uppremarket

    Earnings

    Amgen

    Amgen shares are up 7.1% premarket after the company reported quarterly results after Tuesday's close (8-K Item 2.02).[1][2]

    Operating margin expanded 936 basis points year over year to 35.8%.

Earnings radar

Overnight results

  • Amgen (AMGN) filed its quarterly results after Tuesday's close (8-K Item 2.02).[2]After the close
  • Datadog (DDOG) reported before the open. Revenue of $1.2 billion, per the company's release. The release also includes an outlook.[2]Before the open
  • Fidelity National Information Services (FIS) filed its quarterly results before the open (8-K Item 2.02). The release also includes an outlook.[2]Before the open
  • Advanced Micro Devices (AMD) filed its quarterly results after Tuesday's close (8-K Item 2.02).[2]After the close
  • Arista Networks (ANET) reported after Tuesday's close. Revenue of $3.66 billion, per the company's release. The release also includes an outlook.[2]After the close
  • McDonald's (MCD) filed its quarterly results before the open (8-K Item 2.02).[2]Before the open

Coming today

  • Toyota Motor Corp Ltd Ord (TM) is listed to report today, with the time not specified.[3]Time not specified
  • Arm Holdings (ARM) is listed to report after the close.[3]After the close
  • Novo Nordisk A/S (NVO) is listed to report before the open.[3]Before the open
  • Qualcomm (QCOM) is listed to report after the close.[3]After the close
  • McKesson (MCK) is listed to report after the close.[3]After the close

Report timing comes from Nasdaq's public earnings calendar and is not company-confirmed; results are cited only when they appear in a company filing.

Today's catalysts

  1. International trade in goods and servicesBEA

Times are Eastern for Nov 4.

What we're watching at the open

  1. 1

    Whether QQQ stays behind SPY after the open

    QQQ is 0.7 points behind SPY at 8:15 AM ET. If the gap holds into midday, the move is in technology and growth names rather than the whole market.

  2. 2

    Whether Oracle stays below Tuesday's $126.19 close

    Down 5.0% at 8:15 AM ET on 2,498,337 shares, with a filing that does not establish the link.

  3. 3

    Whether Fidelity National Information Services stays below Tuesday's $38.99 close

    Down 21.0% at 8:15 AM ET on 1,673,000 shares, after its filing.

  4. 4

    Whether SPY holds above Tuesday's $754.35 close

    SPY is up 0.9% at 8:15 AM ET. Holding above the prior close through the session would confirm the premarket direction.

Blockhaven Macro

Regime read: Transition

Blockhaven's read, computed Tuesday, Nov 3, 7:50 PM ET, is Transition. Risk Appetite 53 (inside its neutral band, down 8 over 5 snapshots); Liquidity 32 (below its neutral band, down 4 over 5 snapshots); Crypto 54 (inside its neutral band, up 10 over 5 snapshots). Its Market Stress and Vol Event Risk engines are elevated.

Risk Appetite sits inside its neutral band after falling 8 points over 5 snapshots, so the read does not lean either way on risk; Liquidity, below its band, is the one reading clearly off neutral. The regime read, Risk Appetite, Crypto and the three engines (Market Stress, Upside Expansion and Vol Event Risk) are only partly verified against public data, so treat them as provisional.

Macro read computed .

Risk and opportunity

Risk

Elevated volatility

The VIX is 20.8, above its usual calm range, so premarket moves can reverse quickly at the open.

Market context

Each figure carries its own date and time, and they were not observed simultaneously. Treasury yields are prior-day closes and Bitcoin is a rolling 24-hour reading.

Market figures, each with its own date
FigureReadingDated
SPY, pre-market[1]$761.19, +0.9%
QQQ, pre-market[1]$686.82, +0.2%
10-year Treasury yield[5]4.95%, +4 bp
VIX[6]20.8
Bitcoin[7]$78,318, +1.4%

Data note

Data through 8:15 AM ET. Nasdaq public market data for quotes, SEC EDGAR for company filings, and official Federal Reserve, Treasury, BEA, Census and BLS schedules for events. Blockhaven's Macro read was computed Tuesday, Nov 3, 7:50 PM ET.

This edition was compiled and published automatically from public sources under Blockhaven's standing editorial policy. An editor did not review it individually before release.

Condition scores, not probabilities. Thresholds are currently uncalibrated. Historical validation and calibration are in progress, and no hit rates or return claims are published. Macro methodology

Source checks completed .

Sources

  1. 1.

    Nasdaq

    Nasdaq market activity(opens in a new tab)

    Accessed November 4, 2026

  2. 2.

    U.S. Securities and Exchange Commission

    SEC EDGAR company filings(opens in a new tab)

    Accessed November 4, 2026

  3. 3.

    Nasdaq

    Nasdaq earnings calendar(opens in a new tab)

    Accessed November 4, 2026

  4. 4.

    U.S. Bureau of Economic Analysis

    BEA news release schedule(opens in a new tab)

    Accessed November 4, 2026

  5. 5.

    U.S. Department of the Treasury

    Daily Treasury interest rate statistics(opens in a new tab)

    Accessed November 4, 2026

  6. 6.

    Cboe Global Markets

    Cboe market data(opens in a new tab)

    Accessed November 4, 2026

  7. 7.

    Coinbase

    Coinbase markets(opens in a new tab)

    Accessed November 4, 2026

  8. 8.

    Blockhaven

    Blockhaven Macro snapshot (public projection)

    Accessed November 4, 2026 · Snapshot dated 2026-11-03, methodology 2026.07.23-netliq-weekly.

Corrections and updates

No corrections or updates have been made to this piece.

Blockhaven research is published for information and education. It is not personalized investment advice.