U.S. stocks closed lower on Monday as investors moved out of tech and AI shares over concerns about capex and valuations. The S&P 500 fell 0.5% and the Nasdaq 100 dropped 1.4%, while the Dow Jones Industrial Average rose 0.4%. The iShares Semiconductor ETF and VanEck Semiconductor ETF (SMH) fell between 2.7% and 3.7%, while oil prices slid after signs of possible U.S.-Iran diplomatic talks. Brent crude fell 7.63% to $104.77 per barrel and U.S. WTI dropped 7.36% to $96.46. Oracle is offering $10 billion in debt alongside an equivalent stock sale, while Meta Platforms is considering a $20 billion multi-currency bond issuance. Palantir's Q3 earnings beat expectations but valuation concerns dented sentiment, while Apple's fourth-quarter revenue topped forecasts yet its Q1 outlook failed to impress investors.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 11/02/2026 | 606.73 |
| Change that session | -1.34% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
AAPL
▼ Likely negativeApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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