Near midday, the Dow led a broad rebound, up 1.06%, while oil fell nearly 7%.
CAMS Midday Market Check.
Monday, November 2, 2026.
Good afternoon.
Near midday, the Dow led a broad rebound, up 1.06%, while oil fell nearly 7%.
The S and P 500 gained 0.59%, the Nasdaq Composite gained 0.68%, and the Russell 2000 rose 0.97%.
Eight of 11 sector funds rose: consumer staples, financials, industrials, consumer discretionary, communication services, utilities, real estate and materials.
Consumer discretionary gained 3.13%, and materials rose 2.27%.
Energy lost 2.83%, while W T I crude fell 6.97% to $96.86 a barrel.
CNBC reported that both United States and Iranian officials signaled openness to diplomacy, though the conflict remains unresolved.
The 10-year Treasury yield was about 4.89%.
The V I X was 18.84.
Gold futures traded near $3,979 an ounce.
Q Q Q gained 0.47%, but X L K fell 0.50%.
Nvidia rose 1.03%, while Advanced Micro Devices fell 3.23%.
Marvell fell 7.58%, and Lumentum lost 12.97% after the companies announced a definitive all-stock combination.
The transaction has an implied enterprise value of $115 billion and remains subject to shareholder and regulatory approvals.
Apple was down 1.52% before its earnings call after the bell.
Palantir was up 0.27% before its quarterly report after the close.
The afternoon read is whether broad strength survives while energy and parts of technology lag.
Market analysis, not personalized investment advice.
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