Stock Market Today: November 4, 2026 — KD Leads Small-Cap Surge

KD Leads Top Gainers as Dow Outpaces Nasdaq

Kyndryl Holdings KD closed at 16.84 after a 30.14% gain, making it the day's largest percentage mover among top gainers. Rhythm Pharmaceuticals RYTM added 28.04% to close at 110.68, and Duolingo DUOL rose 25.99% to 161.27. Clear Secure YOU gained 23.70% to 59.08, while Procore Technologies PCOR finished up 19.68% at 75.60.

The Dow Jones Industrial Average ^DJI advanced 3.03% to close at 53,356.12, outpacing the S&P 500 ^GSPC, which rose 1.58% to 7,688.62, and the Nasdaq Composite ^IXIC, which gained 1.44% to 25,736.51. The Russell 2000 ^RUT matched the S&P with a 1.58% increase to 2,856.95.

Energy ETF Falls 5.55% as Crude Drops 8.45%

The Energy Select Sector SPDR Fund XLE fell 5.55% despite holding a 39.15% year-to-date gain, the largest sector YTD advance in the data. West Texas Intermediate crude CL=F fell 8.45% to settle at 87.97, weighing on the group. Utilities XLU edged down 0.14% to close nearly flat on the year at +1.00%, while Industrials XLI slipped 0.15% to 7.27% YTD.

Communication Services XLC led sector gainers with a 4.69% daily advance, though the ETF remains down 10.21% year-to-date. Consumer Discretionary XLY added 3.53% and Real Estate XLRE rose 3.39%. Financials XLF climbed 2.85%, Health Care XLV gained 2.74%, and Technology XLK rose 1.31% to extend its YTD lead among technology exposure at 22.31%.

Small-Cap Losers: Amdocs, Everus, Fidelity National Decline

Amdocs Limited DOX fell 30.07% to 43.66, the steepest decline among top losers. Everus Construction Group ECG dropped 29.29% to 79.71, and Fidelity National Information Services FIS lost 23.67% to close at 29.76. Hut 8 Corp HUT fell 23.23% to 48.94, while Sterling Infrastructure STRL declined 21.46% to 283.66.

Volatility compressed sharply, with the VIX ^VIX falling 20.26% to 16.61. The 10-year Treasury yield ^TNX declined 1.17% to 4.89, and the US Dollar Index DX-Y.NYB slipped 0.49% to 101.37. Gold GC=F rose 4.16% to 4,104.40.

TL;DR

The Dow Jones closed up 3.03% at 53,356.12, the S&P 500 gained 1.58% to 7,688.62, and the Nasdaq Composite rose 1.44% to 25,736.51 as Kyndryl Holdings KD led top gainers with a 30.14% jump to 16.84, the most striking small-cap move of the session.

THE THREE STORIES THAT MOVED SMALL CAPS

Kyndryl Holdings KD led top gainers. The stock closed at 16.84 after a 30.14% gain, the largest percentage advance among today's top gainers and the day's most unusual small-cap story. Volume data was not provided in the close capture.

Amdocs Limited DOX led top losers. Shares fell 30.07% to 43.66, the steepest decline in the day's top losers list. Volume data was not provided in the close capture.

Everus Construction Group ECG dropped sharply. The stock lost 29.29% to close at 79.71, rounding out the day's most pronounced small-cap downside moves. Volume data was not provided in the close capture.

ONE ACTIONABLE TAKEAWAY

Today's session paired a 3.03% Dow advance with a 5.55% decline in Energy XLE and an 8.45% drop in crude, while small-cap names printed double-digit moves in both directions without volume context in the close data. For tomorrow's session, build a scanner filter for names under $100 with intraday ranges exceeding 15% and relative volume above average, then rank by dollar-volume liquidity to separate follow-through from noise. today's gainers

THE NUMBERS BLOCK

Index close (point change / % change):

• S&P 500 ^GSPC: 7,688.62 (+1.58% day, +12.10% YTD)
• Nasdaq Composite ^IXIC: 25,736.51 (+1.44% day, +10.76% YTD)
• Dow Jones ^DJI: 53,356.12 (+3.03% day, +10.28% YTD)
• Russell 2000 ^RUT: 2,856.95 (+1.58% day, +13.90% YTD)

Macro, rates, commodities:

• VIX ^VIX: 16.61 (-20.26% day)
• 10-Year Treasury Yield ^TNX: 4.89 (-1.17% day)
• US Dollar Index DX-Y.NYB: 101.37 (-0.49% day)
• WTI Crude CL=F: 87.97 (-8.45% day)
• Gold GC=F: 4,104.40 (+4.16% day)

What to watch tomorrow:

• Whether small-cap gainers KD, RYTM, and DUOL hold today's ranges or reverse into the open
• Crude CL=F price action after the 8.45% decline and its effect on Energy XLE leadership