U.S. stocks' morning rally faded as tech and AI shares stayed shaky after last week's sell-off. The S&P 500 fell 0.5% to 7,541.40 after reaching a 1.1% gain early in the day, while the Nasdaq composite dropped 1.1% to 25,164.32 and the Dow Jones Industrial Average rose 0.4% to 51,983.98. Nvidia swung from an early gain to a loss and weighed on the S&P 500. Most Wall Street stocks still climbed, benefiting from a 7.6% drop in the price of Brent crude. Year to date, the S&P 500 is up 10.2%, the Dow 8.2%, the Nasdaq 8.3% and the Russell 2000 13.1%.
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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