By William Collins, consultant in stock markets – Eurasia Business News, November 2, 2026. Article no 3240
U.S. stocks advanced on Monday, November 2, as falling oil prices helped restore confidence after Friday’s technology-led selloff. Signs that Washington and Tehran remained open to diplomacy eased concerns about further Middle Eastern supply disruptions, giving investors breathing room ahead of Apple earnings, Tuesday’s midterm elections and Friday’s employment report.
The supplied intraday market update showed the S&P 500 rising 0.5%, the Dow Jones Industrial Average gaining 0.8% and the Nasdaq Composite advancing 0.7%. These were trading-session readings, not closing results. The recovery followed an October in which the Nasdaq lost 5.3%, according to the supplied account.
Wall Street Rebounds After Friday’s Selloff
Monday’s gains followed a difficult end to October. The S&P 500 closed Friday at 7,580.07, down 1.82%, while the Dow finished at 51,770.31, losing 1.09%. Those declines provided the backdrop for an early-November attempt to stabilise.
Technology investors remained focused on whether substantial artificial intelligence investment would deliver sufficiently strong profits. Reuters described an early Nasdaq futures rebound of just under 1%, suggesting buyers were returning cautiously rather than declaring the earnings-driven correction over.
The distinction matters: a rebound can interrupt selling without resolving the valuation concerns behind it. Apple’s results were positioned to provide the next significant test of technology-sector sentiment.
Brent and WTI Oil Prices Fall on Diplomacy Hopes
Oil prices dropped sharply as investors reassessed the likelihood of renewed military escalation. CNBC reported January-delivery Brent crude futures at $106.54 per barrel, down 6.07%, at 8:55 a.m. Eastern Time. December-delivery West Texas Intermediate futures fell 6.2% to $97.65. These were intraday quotations, not settlement prices.
Other reports captured different moments in the session. Reuters quoted Brent at $108.66 and WTI at $99.83 at 12:50 GMT, illustrating the importance of timestamps when comparing live oil prices.
U.S. Secretary of State Marco Rubio said President Donald Trump preferred a diplomatic resolution. Iranian officials also indicated an agreement remained possible following Qatar-mediated discussions. The price reaction reflected improved expectations—not confirmation that a comprehensive settlement had been reached.
Apple Earnings Could Shape the Technology Outlook
Apple was scheduled to report after Monday’s closing bell. Analysts expected fiscal fourth-quarter revenue to rise nearly 11% to approximately $113 billion, with net profit increasing around 6% to $29 billion, according to Reuters. Those figures were forecasts, not reported results.
Investors would be assessing whether Apple could offer reassurance after the broader technology retreat. Strong operating performance could support confidence, while disappointing results could revive doubts about the durability of earnings growth.
Treasury Yields Ease Before Elections and Jobs Data
The supplied market snapshot showed the two-year Treasury yield near 4.60%, the benchmark 10-year yield at 4.92% and the 30-year yield at 5.29%. All three were slightly lower, with the largest decline at the long end.
Tuesday’s midterm elections added political uncertainty, with congressional control at stake. Friday’s jobs report would then shift attention back to employment conditions and the economic backdrop confronting monetary policymakers. Manufacturing PMI and ISM releases also featured on the supplied calendar.
Gold Price Today: $3,958.50 an Ounce
Gold’s bid price was at $3,958.50 per troy ounce at 10:02 a.m. New York time on November 2. Gold was up $83.50, or 2.16%, with an ask price of $3,960.50. The daily range ran from $3,879.40 to $3,967.30.
For markets, the immediate theme was relief: cheaper oil supported a recovery, but earnings, election results and labour-market data still stood between Monday’s rebound and a more durable improvement in sentiment.
Read also : Gold : Build Your Wealth and Freedom
Gold is up about 2% today mainly because falling oil prices have eased fears of further Federal Reserve tightening, while a softer dollar, lower Treasury yields and bargain buying are helping it recover from Friday’s sharp selloff. It looks primarily like a rebound, rather than a new surge driven solely by safe-haven demand.
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© Copyright 2026 – Eurasia Business News. Article no. 3239
