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Disafter News
Today’s edition · Monday, November 2, 2026
Stock Market
Oct 22 – Nov 2, 2026
Stocks rebound Monday as oil drops 7% on Iran diplomacy hopes
US stocks recovered part of Friday's sell-off in Monday morning trading: as of about 11:38 a.m. Eastern, the Dow was up about 1% at 52,281, the S&P 500 up 0.6% at 7,624 and the Nasdaq up 0.7% at 25,614. WTI crude fell nearly 7% to about $97 a barrel on reports that the US and Iran are pursuing a diplomatic way out of the Gulf conflict. Oracle slid about 5% after announcing a $20 billion capital raise, and Apple reports earnings after the bell ahead of Tuesday's midterm elections and Friday's jobs report.
Intel's 29% plunge drags stocks down on Friday
US stocks fell sharply at Friday's close: the S&P 500 lost 1.82% to 7,580.07, the Dow dropped 1.09% to 51,770.31 and the Nasdaq slid 2.86% to 25,437.00. Intel fell 28.58% after guiding fourth-quarter earnings to 25 cents a share against a 43-cent estimate and warning about cash burn, pulling the Philadelphia Semiconductor Index down 7.2%. Amazon slipped 1.41% after missing on revenue and profit, with trailing free cash flow at minus $42.4 billion and its $220 billion spending plan unchanged.
Alphabet's plunge drags the Nasdaq down 1.4%
The Nasdaq fell 1.4% to 26,184.72 on Thursday after Alphabet's weaker-than-expected results renewed doubts about whether huge AI investments will pay off. The S&P 500 slipped 0.3% to 7,720.39 and the Dow lost 0.3% to 52,342.56, ending a three-day winning streak, while small caps bucked the trend with the Russell 2000 up 1%. Amazon also reported after the bell, and its shares fell on concerns about spending.
Fed holds rates; Alphabet falls 10% after hours on an earnings miss
The Federal Reserve kept rates at 3.75% to 4% in a 10-2 vote, with two officials pushing for a hike as inflation stays elevated. Stocks edged up for a third day, with the S&P 500 at 7,743.98 (+0.28%), the Dow at 52,475.10 (+0.19%) and the Nasdaq at 26,549.85 (+0.27%), even as the 10-year Treasury yield climbed to about 5%. After the close, Alphabet fell about 10% on its first earnings miss in nearly four years as search ad growth slowed to 12%, while Microsoft rose 2.6% on a revenue beat and 48% Azure growth.
Chip rally lifts the Nasdaq 1.2% as the Fed meets
The S&P 500 rose 0.60% to 7,722.60 on Tuesday, within about 1% of its record, and the Nasdaq gained 1.18% to 26,477.81, while the Dow was flat at 52,377.57. Chipmakers rallied for a third day after Anthropic's IPO filing, with the Philadelphia Semiconductor Index up 3.6%, and consumer confidence came in well above forecasts. Boeing fell nearly 11%, and energy stocks lagged as oil slipped on Middle East peace talks. The Fed's decision comes this afternoon, with rates expected to hold.
Anthropic's IPO filing lifts chip stocks as the Nasdaq gains 0.8%
Stocks rose on Monday, with the S&P 500 up 0.70% to 7,676.77, the Nasdaq up 0.82% to 26,169.38 and the Dow up 0.28% to 52,361.58. Anthropic's IPO filing revived buying in AI chipmakers, sending the Philadelphia Semiconductor Index up 2.8%, and falling oil eased inflation worries. The Federal Reserve begins its two-day meeting today, and Microsoft and Alphabet report earnings on Wednesday.
Stocks rise to start a week packed with big-tech earnings and the Fed
The S&P 500 was up close to 1% in Monday morning trading as oil eased on hopes of calmer US-Iran relations. Range Resources jumped 16% after EQT agreed to buy it in an all-stock deal worth more than $50 billion, and Tesla gained 6% on a Barclays upgrade. Microsoft, Alphabet and Amazon report earnings this week, and the Federal Reserve meets Tuesday and Wednesday, where it is expected to hold rates steady.
Dow drops more than 600 points to end a rough week
The Dow fell 1.23% to 52,215.16 on Friday, and the S&P 500 lost 0.52% to 7,623.68, as Thursday's tech selloff spread to consumer and healthcare stocks. The Nasdaq slipped only 0.21% to 25,955.34 as some chipmakers bounced back. US crude climbed above $100 a barrel on fears of renewed US-Iran fighting, and CrowdStrike jumped 8% as this week's PHP security flaw drew attention to cybersecurity spending.
Meta's AI spending sinks tech, and the Nasdaq falls 2.6%
The Nasdaq dropped 2.60% to 26,008.86 on Thursday, its worst day since June, and the S&P 500 fell 1.21% to 7,663.43, while the Dow finished nearly flat at 52,873.28. Meta slid about 7% after its earnings showed capital spending of nearly $35 billion in the quarter and negative free cash flow, reviving doubts about whether big AI investments will pay off. Oil jumped, with Brent near $113 on Houthi attacks in Saudi Arabia, and gold fell almost 3%.
AI trade lifts stocks, with the Nasdaq up 1%
All three major indexes rose on Wednesday. The S&P 500 gained 0.58% to 7,757.17, the Dow added 0.69% to 52,856.09, and the Nasdaq led with a 1.05% climb to 26,702.86. Strong earnings revived enthusiasm for AI hardware, pushing the Philadelphia Semiconductor Index up nearly 2%, while telecom stocks fell on fears of a satellite company moving into wireless. The rally was narrow, with new lows on the Nasdaq outnumbering new highs four to one.