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Stocks Rise on Oil and Tech Rebound

Stocks Rise on Oil and Tech Rebound

U.S. stocks rose at the start of trading on Monday, November 2, 2026. The S&P 500 gained 0.5%, the Nasdaq rose 0.7%, and the Dow Jones climbed 405 points, or 0.8%, supported by falling oil prices and a rebound in technology shares. Brent and West Texas Intermediate crude fell by more than 6%, to around $106 and $97 a barrel, respectively. Meanwhile, Marvell Technology’s $115 billion acquisition of Lumentum boosted optimism about the AI sector, and shares of Nvidia, Amazon, and Tesla rose. Investors are watching for results from major companies, including Apple, as well as the jobs report and the midterm elections, following weekly losses in the major indexes and concerns about AI spending and geopolitical tensions.

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