Elbit Shares Fall 7% as Wall Street Rallies

Elbit Systems shares fell 7.03% in U.S. trading on November 4, closing at $703.46 even as the major Wall Street indexes advanced. The Nasdaq-listed shares, traded under the ticker ESLT, lost $53.16 from their previous close of $756.62. The session ended at 4 p.m. Eastern time, or 11 p.m. in Israel. The decline came during a broadly positive U.S. session. The Dow Jones Industrial Average rose 3.04%, the S&P 500 gained 1.58% and the Nasdaq climbed 1.44%. Other Israeli shares also finished lower: NICE fell 6.29% and Nova lost 2.43%. Elbit opened at $732.96 and traded between $700 and $739.40 during the session. Earlier on November 4, the Tel Aviv market had closed lower. The TA-35 fell 1.96% to 3,969.53, while the TA-125 dropped 1.86% to 3,849.08 and the TA-90 lost 1.90% to 3,484.82. Elbit's Tel Aviv-listed shares fell 3.14% to NIS 2,311. Those shekel-denominated figures describe the earlier Israeli session, separately from the subsequent U.S. dollar close. Elbit's next scheduled financial report is due on November 17. In an October 28 announcement, the company said it would release its third-quarter 2026 results that day and hold a conference call at 9 a.m. Eastern time, or 4 p.m. in Israel. Elbit said management would be “available to answer questions.” The call will stream on its website, with an online replay available 24 hours after it ends.