S&P 500 ends down; Apple dips ahead of quarterly report
Tech shares lagged as investors weighed Apple’s earnings and worries that big AI spending may not deliver quick returns.
- On Monday, major U.S. stock indexes rose as Wall Street recovered from October's weakness, with the S&P 500 gaining 0.6% and the Dow Jones Industrial Average climbing 1%.
- Brent crude prices fell 7.4% to $105.03 on Monday, sparking optimism among investors betting on US-Iran peace deal progress and easing Middle East supply concerns.
- Marvell Technology announced an all-stock deal to acquire Lumentum for roughly $115 billion, though shares in both companies fell as investors weighed the massive AI infrastructure commitment.
- Apple shares dipped 1.5% ahead of quarterly earnings due after the bell, serving as a critical test for technology sector momentum following October's steep declines.
- Tuesday's U.S. midterm elections and lingering concerns over massive AI spending will keep markets cautious, as investors reassess whether technology giants' infrastructure investments justify their valuations.
146 Articles
146 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = Major indices of the New York stock market closed mixed on the 2nd (local time).
Although international oil prices plummeted on expectations of negotiations between the U.S. and Iran, the New York stock market closed mixed. As technology stocks, including semiconductors, declined, the Nasdaq and S&P 500 indices gave back their early gains. On the 2nd (local time), the Dow Jones 30 Industrial Average closed at 51,983.98 on the New York Stock Exchange, up 213.67 points (0.41%) from the previous close. S&P
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
S&P 500 Closes Lower as Tech Stocks Slide Despite Oil Price Plunge on U.S.-Iran Peace Hopes
Wall Street ended Monday's session mixed as falling oil prices raised hopes of easing inflation, but weakness in technology shares weighed on the S&P 500 ... The post S&P 500 Closes Lower as Tech Stocks Slide Despite Oil Price Plunge on U.S.-Iran Peace Hopes first appeared on [your]NEWS.
Trading Day: Oil slump no cure for AI angst
ORLANDO, Florida, Nov 2 : Oil prices tumbled on Monday on hopes that US-Iran peace talks could soon take place, which pushed bond yields around the world lower. Stock markets in Asia and Europe mostly benefited as a result, but the momentum evaporated in US hours, as investors turned their attention to Tuesday's mid
Coverage Details
Bias Distribution
- 43% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
