The Nasdaq lost 1.07% as technology faded, while the Dow gained 0.41%.
CAMS Closing Market Recap.
Monday, November 2, 2026.
Good evening.
The Nasdaq lost 1.07% as technology faded, while the Dow gained 0.41%.
The S and P 500 lost 0.51%, while the Russell 2000 slipped 0.02%.
Eight of 11 sector funds rose: consumer staples, financials, industrials, consumer discretionary, communication services, utilities, real estate and materials.
Consumer discretionary gained 2.41%, while energy lost 3.96%.
Q Q Q and X L K both finished above their 10-day average volume.
W T I crude settled at $96.46 a barrel after falling 7.4%.
CNBC reported that United States and Iranian officials signaled openness to diplomacy, though the conflict remains unresolved.
The 10-year Treasury yield ended near 4.91%.
The V I X rose 9.17% to 21.20.
Gold traded near $3,956 an ounce, while the dollar index slipped 0.10% to 101.78.
The Institute for Supply Management said its October manufacturing index rose to 55.5.
Marvell fell 12.72%, and Lumentum lost 18.59% after the companies announced a definitive all-stock combination.
The companies gave the transaction an implied enterprise value of $115 billion, subject to shareholder and regulatory approvals.
Oracle lost 8.76% after filing plans to raise $20 billion through stock and bond sales.
Amazon gained 2.20%, but Nvidia fell 1.26%.
Apple lost 1.54%, and Palantir fell 3.13% before their after-close reports.
Tuesday's midterm elections and Friday's October payrolls report are the next broad catalysts.
Lower oil did not lift the whole market as renewed technology selling outweighed strength across most sectors.
Market analysis, not personalized investment advice.
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