Top Midday Stories: Democrats Win Decisively in Midterms, Stocks Up; AMD Q3 Earnings, Revenue Top Estimates

11:52 AM EST, 11/04/2026 (MT Newswires) -- All three major US stock indexes were up over 1.5% in late-morning trading Wednesday after Democrats won the midterm elections decisively on Tuesday, taking control of both the Senate and the House of Representatives. In company news, Advanced Micro Devices (AMD) reported fiscal Q3 adjusted earnings late Tuesday of $2.09 per diluted share, up from $1.20 a year earlier and above the FactSet consensus of $1.95. Revenue was $13.38 billion, up from $9.25 billion a year ago and above the FactSet consensus of $13.10 billion. For fiscal Q4, the company expects revenue of about $17 billion, plus or minus 3%. AMD shares were up 0.6% around midday. CVS Health (CVS) said Wednesday it plans to split its business into two companies in early 2028, separating its retail pharmacies business from its insurance and pharmacy-benefit operations. Once the separation is complete CVS Health Chairman and Chief Executive David Joyner will become chairman and CEO of the healthcare solutions company, while current CVS Health Group President Prem Shah will become CEO of CVS Pharmacy, the company said. CVS shares were down 11.4%. Meta Platforms (META) is seeking as much as 9 billion euros ($10.1 billion) from its first euro bond sale, Bloomberg reported Wednesday, citing a person familiar with the matter. Later, Bloomberg reported that Meta received a record 53 billion euros of investor demand for the euro bond sale. Separately, Meta, Amazon (AMZN), CoreWeave (CRWV) and other data center developers could face increased regulatory hurdles for planned AI projects following Democratic victories in several US gubernatorial races, most notably in Texas, which accounts for nearly 30% of US data center capacity and just elected Democrat Gina Hinojosa, who has pledged to halt new data center approvals until lawmakers establish additional protections for local communities, Bloomberg reported Wednesday. Meta shares were up 1.7%, while Amazon and CoreWeave shares were up 6.4% and down 8.5%, respectively. Fidelity National Information Services (FIS) reported Q3 adjusted diluted EPS Wednesday of $1.61, up from $1.51 a year earlier and above the FactSet consensus of $1.60. Revenue was $3.45 billion, up from $2.72 billion a year ago and above the FactSet consensus of $3.43 billion. For full-year 2026, the company expects adjusted EPS of $5.82 to $5.89, down from its prior guidance of $6.15 to $6.24, and revenue of $13.45 billion to $13.51 billion, down from its prior guidance of $13.63 billion to $13.695 billion. Analysts polled by FactSet expect $6.20 and $13.66 billion, respectively. Additionally, FIS Chief Financial Officer James Kehoe will step down on Nov. 5. Alexandra Brooks, the company's chief accounting officer, has been appointed as interim CFO. FIS shares were down 23.7%. Array Technologies (ARRY) and Shoals Technologies (SHLS) said Wednesday they have agreed to combine in a stock-for-stock merger that is expected to close in Q1 of 2027. Shoals shareholders will receive 1.6931 Array shares per share and hold about 65% of the combined company, with Array as the legal parent, the companies said. Array and Shoals shares were up 16.6% and 8.7%, respectively. Price: 483.22, Change: -0.69, Percent Change: -0.14