It’s quiet. Too quiet.

’Twas the day before the US presidential election, and few stocks were stirring.

That’s the scene as of midday Monday, with the S&P 500 down about 0.5% with the vote as well as a Federal Reserve decision later this week on deck.

With these potentially major catalysts around the corner, there’s not a ton of trading activity. As of 11:30 a.m. ET, about 2.8 million fewer shares of the SPDR S&P 500 Trust had traded compared to their one-month average.

Traders are braced for volatility ahead. The VIX — the stock market’s “fear gauge” — has remained above 20 since Thursday, a level that suggests above-average investor concern about the potential for a near-term market drawdown.

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Max Knoblauch14m

Archer Aviation sinks after reporting better-than-expected Q3 loss, announces it will acquire LA’s Hawthorne Airport

Air taxi maker Archer Aviation reported its Q3 results on Thursday, and its shares climbed more than 6% before turning negative.

The company posted a loss per share of $0.20, better than the $0.30 loss analysts polled by FactSet expected.

Archer announced it would acquire Los Angeles’ Hawthorne Airport for $126 million as a strategic hub for its planned LA air taxi network.

Cash is vital for Archer, which is without revenue as it seeks FAA certification. The company ended its third quarter with $1.64 billion in cash (and equivalents), down from last quarter’s $1.72 billion but more than 3x the amount from the same period a year ago.

Archer’s rival Joby Aviation, which reported its third-quarter results on Wednesday, has a cash pile of $978.1 million.

Archer reported adjusted operating expenses of $121.2 million. Looking ahead, Archer said it expects adjusted earnings before interest and taxes to be a loss of between $110 million and $140 million for the fourth quarter. Wall Street expected a $120 million loss.

Earlier this week, Archer shares fell amid the IPO of its electric aircraft rival Beta Technologies. Archer shares are down about 9% this year as of Thursday’s close, far underperforming Joby’s growth of 76%.

Luke Kawa

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LIVE BLOG: Opendoor Technologies Q3 earnings call

Opendoor will be taking questions from its retail shareholders.

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The Trade Desk falls despite decent Q3 results

The ad tech platform has had a brutal 2025.

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DraftKings tumbles after Q3 sales miss, guidance snip

Shares of DraftKings, and rival Flutter Entertainment, were hammered in Q3 over the potential for prediction markets to eat into the traditional sports betting business.

Max Knoblauch

Take-Two plunges as “Grand Theft Auto 6” gets delayed again, to November 2026

“Grand Theft Auto” maker Take-Two posted its fiscal second-quarter earnings on Thursday.

Two screen display gameplay in Grand Theft Auto

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