Why it matters
- The Nasdaq Composite fell 272.68 points, or 1.07%, to 25,164.32 on Monday, Nov. 2, and the S&P 500 lost 0.51%, Yahoo Finance data showed, as chip and hardware stocks fell again. The Dow rose 0.41%.
- January Brent settled $8.66, or 7.63%, lower at $104.77 a barrel, and WTI was down $7.66 at $96.46, Reuters reported, as Iran signaled openness to peace talks. Energy shares fell.
- ISM's manufacturing PMI rose to 55.5% in October from 54.5%, ISM said. After the close, Apple reported record September-quarter revenue of $114.5 billion, up 12%.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks were mixed on Monday, Nov. 2, as technology shares fell again while oil prices tumbled. The Nasdaq Composite fell 272.68 points, or 1.07%, to 25,164.32 and the S&P 500 lost 38.67 points, or 0.51%, to 7,541.40, according to Yahoo Finance data. The Dow Jones Industrial Average rose 213.67 points, or 0.41%, to 51,983.98.
| Index | Monday close | Change vs. Friday, Oct. 30 |
|---|---|---|
| S&P 500 | 7,541.40 | −38.67 (−0.51%) |
| Dow Jones Industrial Average | 51,983.98 | +213.67 (+0.41%) |
| Nasdaq Composite | 25,164.32 | −272.68 (−1.07%) |
| Russell 2000 | 2,805.88 | −5.96 (−0.21%) |
| Cboe Volatility Index (VIX) | 21.15 | +1.73 (+8.91%) |
| S&P/TSX Composite (Canada) | 35,801.09 | +181.06 (+0.51%) |
| Ibovespa (Brazil) | Closed (holiday) | Last: 167,921.80 on Oct. 30 |
Source: Yahoo Finance daily chart data.
Why did the Nasdaq fall today?
The Nasdaq fell because investors kept selling technology shares, led by chip and hardware names, and moved money into other sectors, Yahoo Finance reported. The PHLX Semiconductor Index fell 3.37% to 10,328.33, Yahoo Finance data showed. The Dow gained as money moved into consumer cyclical, financial and consumer defensive stocks, Yahoo Finance said.
Oracle fell 8.76% after announcing a $20 billion capital raise of about $10 billion in bonds and a similar amount of stock, according to Yahoo Finance's live coverage. Intel fell another 8.80% after Friday's 28.58% plunge.
Which stocks moved the most?
| Stock | Monday close | Change |
|---|---|---|
| United Airlines | $109.24 | +4.80% |
| Carnival | $30.05 | +4.23% |
| Delta Air Lines | $83.42 | +4.08% |
| Walmart | $127.69 | +3.38% |
| Amazon | $245.63 | +2.20% |
| Apple | $338.32 | −1.83% |
| Palantir | $178.34 | −3.13% |
| ExxonMobil | $179.67 | −4.05% |
| ConocoPhillips | $146.84 | −4.67% |
| Micron | $833.59 | −5.78% |
| AMD | $466.84 | −7.52% |
| Oracle | $119.22 | −8.76% |
| Intel | $59.97 | −8.80% |
| Marvell | $171.41 | −12.72% |
| Lumentum | $684.40 | −18.59% |
Source: Yahoo Finance chart data.
Airline and cruise shares rose on a day oil prices fell, while oil producers dropped.
What did Apple report after the bell?
Apple posted fiscal fourth-quarter revenue of $114.5 billion for the quarter ended Sept. 26, up 12% from $102.5 billion a year earlier, its release said. Diluted earnings were $2.10 a share, up 14% from $1.85. iPhone revenue rose to $57.6 billion from $49.0 billion, and Services revenue rose to $31.6 billion from $28.8 billion. Apple said gross margin was 47.9%, including about 1 point from tariff refunds. Its shares closed down 1.83% at $338.32 and were little changed in early after-hours trading, Yahoo Finance data showed.
Palantir reported third-quarter revenue of $2.313 billion, up 96%, and raised its 2026 revenue forecast to $8.530 billion to $8.534 billion, its release said. Its shares had closed down 3.13%.
What did the ISM survey show?
U.S. factory activity grew faster in October. ISM's Manufacturing PMI rose to 55.5% from 54.5% in September, ISM said. Production rose 2.3 points to 59.0, new orders edged up to 55.5 and employment slipped to 52.4. The prices index fell 2.7 points to 75.2. Yahoo Finance said economists had expected 54.6.
What happened to oil, yields and gold?
January Brent settled $8.66, or 7.63%, lower at $104.77 a barrel, and U.S. West Texas Intermediate crude was down $7.66, or 7.36%, at $96.46, Reuters reported. Iran's president said the supreme leader had given the government authority for peace talks, after Iranian and Qatari officials met, Reuters said. December Brent expired on Friday, so we now quote January.
The 10-year Treasury yield fell to 4.91% from 4.94%, while the 2-year rose to 4.59% from 4.56%, Treasury data showed. Gold futures were at about $3,955.50 an ounce late Monday, up about 1.45%, Yahoo Finance data showed.
How did Canada and Brazil trade?
Canada's S&P/TSX Composite rose 0.51%, partly recovering from Friday's drop, Trading Economics said. Financials, materials and industrials gained, while energy fell sharply and Canadian Natural Resources lost 4.2%, it said. Brazil's B3 exchange was closed for the Finados holiday, AmdJus reported, citing B3.
This morning's day-ahead guide set up the session. See the Europe Monday recap and Friday's U.S. session recap. The markets page tracks the latest numbers.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Yahoo Finance, Stock market today: S&P 500 and Nasdaq extend tech sell-off, Dow gains as oil prices plunge (Nov. 2, 2026)
- Reuters via Investing.com, Oil drops 7% as Iran signals openness to peace talks (Nov. 2, 2026)
- Reuters via Yahoo Finance, Oil drops 7% as Iran signals openness to peace talks (Nov. 2, 2026)
- Institute for Supply Management via PR Newswire, Manufacturing PMI at 55.5%; October 2026 ISM Manufacturing PMI Report (Nov. 2, 2026)
- Apple, fourth-quarter fiscal 2026 results (SEC filing) (Nov. 2, 2026)
- Palantir, third-quarter 2026 results (SEC filing) (Nov. 2, 2026)
- Trading Economics, Canada stock market
- AmdJus, Finados 2026: bancos, Receita e B3 fecham (Oct. 29, 2026)
- U.S. Treasury, Daily Treasury par yield curve rates, 2026
- Yahoo Finance, daily chart data for the S&P 500, Dow, Nasdaq Composite, Russell 2000, VIX, S&P/TSX Composite, Ibovespa, PHLX Semiconductor Index, gold futures, Apple, Palantir, Oracle, Intel, AMD, Micron, Marvell, Lumentum, ExxonMobil, ConocoPhillips, United Airlines, Delta Air Lines, Carnival, Walmart and Amazon