News · thebusinessjournal.com

S & P 500 rises as Nvidia , AI stocks rally despite Apple decline

The S&P 500 rose 0.4% to 7,568.92 on Tuesday as a rebound in Nvidia, Broadcom and other big tech stocks offset broad weakness, with most stocks in the index falling. Nvidia gained 2.3% and Broadcom 3.1%, while Microsoft, Amazon and Meta each rose more than 2%. Apple fell 1.9% after forecasting lower profit per dollar of revenue for the current quarter, as higher memory chip costs tied to AI data center buildouts weigh on its margins, even though its latest quarterly profit and revenue beat expectations. The Dow dropped 197.26 points, the Nasdaq climbed 0.8%, and the 10-year Treasury yield rose to 4.96% from 4.91% after a jobs report showed more openings than economists expected. Brent crude settled at $103.60 per barrel, down 1.1%, amid continued uncertainty over the war with Iran.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on thebusinessjournal.com ↗

Keywords

S&P 500NVDAAAPLbondsoil prices

Open a keyword to see other news on the same topic.

Related tickers and likely impact

NVDA

▲ Likely positive

Nvidia

Relevance: medium

MarketUS stocks
SectorInformation Technology
IndustrySemiconductors
Market cap$5.1T
Close on 11/03/2026206.57
Change that session+2.23%
NVDA price, forecasts and signals →

QQQ

▲ Likely positive

Invesco QQQ Trust

Relevance: medium

MarketUS stocks
SectorETF
Close on 11/03/2026685.34
Change that session+0.62%
QQQ price, forecasts and signals →

SPY

▲ Likely positive

SPDR S&P 500 ETF

Relevance: medium

MarketUS stocks
SectorETF
Close on 11/03/2026754.41
Change that session+0.31%
SPY price, forecasts and signals →

AAPL

▼ Likely negative

Apple Inc.

Relevance: medium

MarketUS stocks
SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
Market cap$5.1T
Close on 11/03/2026331.74
Change that session-1.94%
AAPL price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Santoli: We are nearing a now-or-never moment for the AI trade to rebound

    The S&P 500 has moved sideways for months, while former AI leaders (tracked by the iShares AI Innovation ETF) fell 35 percentage points relative to the equal-weight S&P 500, recovered half, then gave back most of the bounce. Higher bond yields and oil above $100 a barrel have pressured cyclical sectors, and tighter debt markets are raising hurdle rates for marginal AI data-center borrowers. Goldman Sachs cited trader exhaustion, noting the momentum-factor basket moved at least 5% in a day 30 times in 2026. John Kolovos of Macro Risk Advisors says sentiment is nearing a “fat pitch” for a tactical rebound, but the macro backdrop must cooperate, and hedge funds have sharply cut leverage and tech exposure. Citadel Securities data show retail investors heavily buying dips, yet past market bottoms came when retail traders were net sellers, so any rebound may prove limited in strength and durability.

    CNBC·• NVDA• QQQartificial intelligenceS&P 500oil prices
  • Tumbling AI stocks overwhelm markets worldwide as oil prices jump

    The S&P 500 fell 1.2% and the Nasdaq Composite tumbled 2.6% on Thursday, the index's worst day since July, as AI stocks slid on worries about the cost of borrowing to build data centers and high valuations. Lam Research dropped 11.6% despite slightly stronger-than-expected profit and revenue, while Meta fell 7.9%, Nvidia 4.3% and CoreWeave 11%. Asian markets also fell, with South Korea's Kospi down 3.5%, Hong Kong's Hang Seng down 3% and Japan's Nikkei 225 down 2.7%. Brent crude rose 3.7% to $112.80 a barrel, touching its highest level since May, while the 10-year Treasury yield fell to 4.96% from 5.13% as investors sought safer assets. Most U.S. stocks still rose, and the Dow Jones edged up less than 0.1%.

    prpeak.com·▼ NVDA▼ QQQ▼ SPY▼ VNINDEXartificial intelligenceoil pricesNVDA
  • Sinking AI stocks undercut markets worldwide as oil climbs to its highest price since May

    The S&P 500 fell 1.3% and the Nasdaq composite was down 2.4% around midday, after sharper losses in Asia, while the Dow slipped only 0.1%. AI-related shares sank on worries about the rising cost of borrowing to build data centers and buy chips, as well as high valuations, with Lam Research down 11.1% despite a slight profit and revenue beat, Meta down 7.4%, Nvidia down 4.3% and CoreWeave down 9.6%. South Korea's Kospi fell 3.5%, and Brent crude rose 2.9% to $111.99 a barrel amid uncertainty over the war with Iran. The 10-year Treasury yield dropped to 4.98% from 5.13%, but remains well above its 3.97% level before the war as investors sought safer assets. Most S&P 500 stocks still rose, and results from Procter & Gamble, Lockheed Martin and CSX helped limit losses.

    mymotherlode.com·▼ NVDA▼ QQQ▼ SPY▼ VNINDEXartificial intelligenceNVDAoil prices
  • iShares Core S&P 500 (IVV) Sells $45 Million of NVIDIA on Oct. 29

    The iShares Core S&P 500 ETF (IVV), with $870.02 billion in assets, sold $573.2 million of stock on Thursday and made no purchases. It decreased 495 positions and increased none. Its largest sales were NVDA ($45.0 million, 210,765 shares), AAPL ($44.3 million) and MSFT ($34.3 million), while Amazon.com Inc shed $20.8 million and Alphabet Class A $14.5 million. None of the sales were new positions or full exits, and no buys were reported.

    Yahoo Finance·ETFS&P 500NVDA
  • The Next Stock Market Crash Could Start With Just 3 Companies

    Three companies, NVIDIA (NVDA), Apple (AAPL) and Microsoft (MSFT), now account for about 21% of the S&P 500's total market capitalization. The article argues that their performance could determine the direction of the entire stock market.

    Yahoo Finance·▼ AAPLS&P 500NVDAAAPL
  • Premarket movers: Apple, Palantir, Dynatrace slide premarket; Grab, Upwork jump

    U.S. stock index futures were mixed on Tuesday ahead of the midterm election results and a renewed rise in oil prices, with S&P 500 futures down 0.1%, Dow futures down 0.7% (340 points) and Nasdaq 100 futures up 0.3%. Apple shares fell about 4% premarket as the company warned that rising memory costs would weigh on gross margins. Grab rose 8.4% after reporting record third-quarter revenue of $1.11 billion, up 27% year over year, and adjusted EBITDA of $237 million, and raised its full-year adjusted EBITDA forecast to $790 million to $800 million. Upwork gained 7.9% to $10.49 after revenue of $185.6 million beat expectations of $180.25 million. Palantir fell 6% despite revenue rising 96% to $2.31 billion, as total contract value grew just 6% to $2.918 billion, sharply slower than 49% growth in the second quarter.

    Yahoo Finance·▼ AAPLAAPLS&P 500earnings

Related markets

US stocks →

Latest news

  • New front leaves 32 countries at a disadvantage against Russia: Moscow 'builds a fortress' in the world's most dangerous region

    Writing in Frankfurter Allgemeine Zeitung (FAZ), journalist Julian Staib argues the Arctic is becoming a key arena of strategic competition, especially between NATO and Russia. Climate change is warming the region about 4 times faster than the global average, and melting ice could shorten the Rotterdam to Shanghai shipping route by about 15 days while opening access to resources. Russia treats the Arctic as a core security zone, with a nuclear submarine fleet on the Kola Peninsula and a multilayered 'fortress defense' system built up since 2015. According to the article, Russia's navy, air force and army within the Arctic Circle are larger by about 1/3 than NATO's forces in the same area. China, the US under President Donald Trump and the EU are also expanding their roles, while Finland and Sweden joining NATO has significantly shifted the strategic balance.

    CafeF·geopoliticsRussiadefense
  • Alphabet's Free Cash Flow Is Declining Faster Than Analysts Expected. Is This AI Stock Still a Buy?

    Alphabet's stock fell sharply after its third-quarter results, as search revenue of $63.4 billion came in below analysts' consensus estimate of $64.5 billion. Free cash flow was negative at $9.1 billion, of which $5.2 billion stemmed from a one-time cash payment for a European Commission fine. Google Cloud revenue rose 103% to $30.7 billion and the company reported a $561 billion backlog, while Alphabet plans capex of up to $205 billion this year, mostly for AI. The author argues the cash flow decline reflects surging AI spending rather than long-term profitability, and that investors should keep watching both spending and Google Cloud sales. With a trailing P/E of 14.7 versus a tech sector average of about 24, the author notes the stock's valuation is well below the sector average.

    Yahoo Finance·▼ GOOGLGOOGLAI investmentcloud computing
  • Apple AI tools come to China after two-year delay

    Apple began a trial rollout of its Apple Intelligence tools for Chinese users on Wednesday, initially limited to developers, with public access due in December. The features launched in the United States and other countries in autumn 2024, but their Chinese launch was held back by strict regulation and the lack of access to models from Google and OpenAI. After securing regulatory approval in July, Apple will work with Alibaba's Qwen to add more powerful AI features; the initial release includes 18 AI features but not the latest Siri upgrade. Counterpoint Research analyst Ivan Lam said the launch fills a long-standing gap but may not give Apple a significant advantage in a crowded market. Greater China revenue rose 21% in the past quarter, but new CEO John Ternus still faces significant challenges in an evolving market.

    Yahoo Finance·▲ AAPLAAPLartificial intelligenceChina
  • Apple Says It Will Keep Paying More for Memory Chips After December. That's Good News for Micron Stock.

    Micron shares fell about 6% on the same day Kioxia sank about 16% in Tokyo, after Kioxia guided for only about 1% sequential revenue growth in the December quarter. After its earnings call, Apple said it expects memory prices to keep rising beyond the December quarter, calling current pricing "unprecedented." Most of Micron's sales are DRAM, which hit a record $39.8 billion in its fiscal fourth quarter, up 343% year over year, though its price increases are slowing. The stock trades near $860, over 30% below its 52-week high of $1,255, and the author argues Apple's warning is good news for Micron, whose valuation may already assume memory profits fall sharply.

    Yahoo Finance·▼ AAPL
  • [UPDATE] CNN projects Democrats will take the House from Republicans, President Trump denies responsibility

    Democrat Chris Pappas won the New Hampshire Senate seat, defeating Republican John Sununu. AP projects Democrat Mark Warner will win re-election in Virginia over Bert Mizusawa, while Debbie Wasserman Schultz won the Florida 20th district House seat. CNN and AP project Jon Ossoff will be re-elected in Georgia over Mike Collins, but a runoff on December 1 would follow if no candidate wins a majority. Democrats also won Senate races in New Jersey, Illinois, Delaware, Massachusetts and Rhode Island. Early projections are not final results, and some close races may take hours or even days to decide.

    CafeF·▼ BTC/USDT▼ ETH/USDTmidterm electionsDemocratic PartyRepublican Party
  • Democrats claim control of the US Senate

    According to the AP, Democrats have won control of the Senate after Josh Turek won the Iowa race, bringing their total, including independents who caucus with them, to 51 seats. The shift could change the path of the stalled CLARITY Act, reshape committee leadership and bring closer scrutiny of Trump-linked crypto businesses and regulators' decisions. The CLARITY Act failed a Senate procedural vote 49 to 50 in September, and if it is not passed by January, the next Congress starts from scratch. Jerome de Tychey, president of Ethereum France, said nothing will pass without cross-partisan support and warned that the biggest risk for US crypto is becoming a partisan issue.

    Cointelegraph·▼ BTC/USDT▼ ETH/USDTDemocratic Partymidterm electionscrypto

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.