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2026-11-02

Tech slides as oil drops 7% on Iran peace signals

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyAAPL-1.8%NVDA-1.3%MSFT-2.8%AVGO-1.2%MU-5.8%AMD-7.5%PLTR-3.1%CSCO-2.8%ORCL-8.8%INTC-8.8%AMAT-4.0%PANW-3.9%LRCX-4.8%TXN+0.4%DELL-7.4%CRWD-3.4%IBM-2.1%ANET-2.8%KLAC-3.0%SHOP-0.8%ADI-1.0%APH+0.7%CRM-1.3%QCOM-1.6%MRVLSNDKACNSTXWDCNOW+0.8%GLW-0.1%FTNTADBEINTUCDNSSNPSDDOGMSILITEHPENXPITELMPWRMSTRKEYSADSKWDAYROPCIENITGDDYAKAMZoom into Communication ServicesCommunication ServicesGOOGL-0.3%GOOG-0.1%META-1.3%NFLX+0.4%DIS+2.0%VZ+0.7%TMUS+2.4%TCMCSAAPPLYVTTWOCHTRSKYDZoom into FinancialsFinancialsBRK.B+2.5%JPM+1.1%V+2.9%MA+3.1%BAC-0.9%MSGSWFCAXPCBLKZoom into IndustrialsIndustrialsSPCX+1.2%Zoom into Health CareHealth CareLLY-0.5%JNJ-1.0%ABBVMRKUNHTMOAMGNGILDABTPFEZoom into Consumer DiscretionaryConsumer DiscretionaryAMZN+2.2%TSLA+1.0%HD+3.6%MCDTJXLOWROSTZoom into Consumer StaplesConsumer StaplesWMT+3.4%COSTKOZoom into EnergyEnergyXOM-4.0%CVXCOPZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentA split tape: the Dow rose 0.43% while the Nasdaq 100 fell 1.36% and the S&P 500 slipped 0.48%, with the Russell 2000 roughly flat. Breadth stayed positive at 346 advancers to 159 decliners and 65.9% of stocks above their 50-day average, so the weakness was concentrated in tech rather than broad. Energy's slide on falling crude did the heavy lifting on the value side.

Sectors & StocksEnergy fell 3.99% and information technology 2.74% as oil dropped about 7% on Iran peace signals. Consumer discretionary (+2.21%), staples (+1.91%) and financials (+1.72%) led. Lumentum sank 18.59% and Marvell 12.72% on their combination terms; Intel lost 8.8% and Oracle 8.76% on its $20 billion raise. Howmet gained 6.91%, DoorDash 6.19% and Sherwin-Williams 5.94%.

Rates, FX & CryptoTreasury yields eased across the curve, with the 5-year down 7bp to 4.71% and the 2-year 5bp lower at 4.56%, leaving 2s10s at 38bp. The dollar softened ahead of the midterms: EUR/USD rose 0.39% and USD/CNY slipped 0.07%. Bitcoin fell 1.34% to about $76,676 and ether 0.38%, steadying after a reported crypto theft.

Earnings & AnnouncementsEstée Lauder grew sales 7% and raised its full-year outlook; Marriott beat with $3.04 EPS; Fox posted record ad revenue and 22% growth; Entergy beat by 14.7%. FinDog moved Amazon, Estée Lauder, Entergy, ExxonMobil, Williams and Stryker to Bullish, and cut LyondellBasell and PSEG to Neutral. Kimberly-Clark closed its Kenvue acquisition, and Oracle filed to sell $20 billion in stock and bonds for AI.

What to Watch Next Trading Day
  • AMD, Amgen, Arista and Booking earnings after the bell
  • US midterm election results and sector implications
  • Oil's reaction to Iran peace-talk signals
  • Apple and Palantir earnings and options positioning
Top News
  1. Oil drops 7% as Iran signals openness to peace talks
    Crude's slide on hopes for Iran talks lifted index futures and eased inflation pressure, while weighing on energy shares.
    XOMCVXReuters11-01 23:13 UTC
  2. Oracle sinks 7% on $20 billion stock and bond sale
    Oracle filed to sell $10 billion of stock and $10 billion of notes to fund its AI buildout, using its full multi-year raise cap and pressuring shares and bonds.
    ORCLYahoo11-02 18:31 UTC
  3. Marvell falls on Lumentum deal and dilution concerns
    Marvell's proposed combination with Lumentum would leave current holders about 67% of the enlarged company, and both stocks fell sharply on the terms.
    MRVLLITEYahoo11-02 18:54 UTC
  4. Oracle files $20 billion raise to finance AI buildout
    The filing combines new shares and debt, underscoring how much capital AI infrastructure demands and adding supply to equity and credit markets.
    ORCLCNBC11-02 14:03 UTC
  5. Kimberly-Clark closes Kenvue acquisition
    Kimberly-Clark completed its purchase of the Tylenol maker and now has a plan to improve growth and earnings, reshaping the consumer staples landscape.
    KMBKVUECNBC11-02 21:35 UTC
  6. AbbVie tops revenue estimates as immunology grows
    AbbVie sales rose 10.3% to $17.4 billion with EPS 1.3% above consensus, showing its immunology and neuroscience franchises offsetting patent transitions.
    ABBVYahoo11-02 19:57 UTC
  7. Micron falls as Kioxia's cautious outlook hits memory
    Kioxia's soft December-quarter forecast dragged memory stocks lower, raising questions about whether the AI memory cycle is cooling.
    MUWDCYahoo11-02 18:53 UTC
  8. Voters sour on economy ahead of midterms
    Reuters reports a gloomy economic mood among US voters before Election Day, a backdrop that could shape policy expectations and sector rotation.
    Reuters11-02 11:40 UTC
  9. Dollar slips ahead of midterms as oil falls
    The dollar declined before the midterm vote while oil's drop weighed on the currency, and bitcoin steadied after a crypto theft.
    Reuters11-02 00:57 UTC
  10. Amazon data center faces Election Day vote
    Sunbury, Ohio voters weigh a measure that could block Amazon's $2 billion data center, one of 41 AI infrastructure measures on ballots.
    AMZNYahoo11-02 18:24 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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