Stocks end higher as investors await U.S. election results Equity futures surged overnight and held onto solid gains as the market waits to hear about the results of the U.S. presidential election and down-ballot races. In addition to being election week, this is another heavy earnings week, the week of the Fed's FOMC meeting, and the jobs report, so volatility may still be in store, especially when considering that a clear election result may be delayed. ECONOMIC EVENTS: In the U.S., factory orders rose 1.1% in September. TOP NEWS: Ant Group, an unconsolidated related party of Alibaba Group ($BABA), announced that it was notified by the relevant regulators in the People's Republic of China that its proposed share listing on the Shanghai Stock Exchange STAR board is suspended. Ant Group was told it "may not meet listing qualifications or disclosure requirements due to material matters relating to the regulatory interview of its ultimate controller, executive chairman and chief executive officer by the relevant regulators and the recent changes in the Fintech regulatory environment." Consequently, Ant Group's concurrent proposed H share listing on the Main Board of The Stock Exchange of Hong Kong Limited is also suspended, Alibaba noted. Shares of Alibaba, which owns about one third of Ant Group according to Bloomberg, fell 8.1% in New York following the news. PayPal ($PYPL) shares finished 4.2% lower after the company reported earnings last night. Piper Sandler analyst Christopher Donat recommends using the post-earnings selloff in shares of PayPal as a buying opportunity, telling investors that he believes a continuation of favorable spending and revenue trends combined with fewer headwinds from investments should make PayPal a "stock to own going into 2021." In other earnings news, Wayfair ($W) "delivered another quarter of strong operating and financial results in Q3," according to CEO Niraj Shah. The company, which swung to a profit from a loss in the same quarter of last year, saw its shares rise 7.1% on the heels of its quarterly report. The Wall Street Journal reported that Comcast ($CMCSA) is in talks to partner with Walmart ($WMT) on smart TVs. Under the terms of the deal being discussed, Walmart would promote TV sets running Comcast software and would get a share of recurring revenue from Comcast in return, according to the Journal. Shares of Roku ($ROKU), whose software is built into a number of smart TVs and whose devices can be used to upgraded standard televisions to have "smart" functions, slid 1.6% after the news. Meanwhile, CNBC reported that AT&T ($T) is in talks with private equity firms, including Apollo ($APO), to sell a significant minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses. Additionally, Bloomberg reported that Missouri's Supreme Court has refused to hear Johnson & Johnson's ($JNJ) appeal of a $2.1B talc damages verdict in the state. MAJOR MOVERS: Among the noteworthy gainers was GW Pharmaceuticals ($GWPH), which rose 21.2% after the company reported Q3 results and initiated its Phase 3 study of nabiximols for multiple sclerosis-associated spasticity. Also higher after reporting quarterly results were Inspire Medical ($INSP) and Arista Networks ($ANET), which gained a respective 32.2% and 15.4%. Among the notable losers was Aurinia Pharmaceuticals ($AUPH), which declined 9.9% after its AUDREY clinical trial did not achieve statistical significance. Also lower were SolarEdge ($SEDG) and Mosaic ($MOS), which fell 22.9% and 12.1%, respectively. Nasdaq Composite +24.4% YTDS&P 500 +4.3% YTDDow Jones Industrial Average -3.7% YTDRussell 2000 -3.3% YTDMarket SnapshotDow27479.97+554.98(2.06%)Nasdaq11160.50+202.96(1.85%)SP 5003369.16+58.92(1.78%)10-yr Note -3/320.886NYSEAdv 2407 Dec 606 Vol 861.9 mlnNasdaqAdv 2688 Dec 697 Vol 3.2 blnIndustry WatchStrong: Financials, Industrials, Consumer DiscretionaryWeak: EnergyMoving the Market-- Stocks rebounded for the second straight day ahead of Election Day results -- Buy-the-dip mindset -- Longer-dated Treasury yields continued to increase Source: (Briefing.com)(theFly.com) Disclosure: I may trade in the ticker symbols mentioned, both long or short. 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