Introduction
US stocks may open higher on Monday. Early trading points that way. Oil prices fell. Tech shares bounced back a little. This comes after a rough month for tech.
What Happened
Futures are deals about future prices. They give a hint of how stocks may open. They are not a promise. On Monday morning, Dow futures rose 190 points. That is a rise of 0.4%. They reached 52,108. S&P 500 futures rose 30.25 points. That is also a rise of 0.4%. They reached 7,644.25. Nasdaq futures rose 211.75 points. That is a rise of 0.8%. They reached 28,745.75. The Nasdaq is full of tech firms. So its bigger rise matters. Micron, SanDisk, and Western Digital each rose more than 2% in early trading. Nvidia and Microsoft also rose a little. Marvell rose about 2.9% in early trading. Apple fell a little before its earnings news. Apple will share its earnings after Monday’s close. Earnings means a firm’s money report. Oil fell in early Asian trading. Brent crude fell about 1.6% to about $111.60 a barrel.
Key figures
- Dow futures: up 190 points, or 0.4%, to 52,108
- S&P 500 futures: up 30.25 points, or 0.4%, to 7,644.25
- Nasdaq futures: up 211.75 points, or 0.8%, to 28,745.75
- Micron, SanDisk, Western Digital in early trading: each up more than 2%
- Nasdaq fall last week: about 2%
- S&P 500 and Dow fall last week: each less than 1%
- Nasdaq fall in October: about 5.2%
- Dow rise in October: almost 2%
Why It Happened
October was hard for tech. Investors worried about AI spending. AI firms are spending huge sums. Investors asked when that spending will pay off. That worry pushed tech shares down. Last week, the Nasdaq fell about 2%. The S&P 500 and the Dow each fell less than 1%. In October, the Nasdaq fell about 5.2%. The Dow rose almost 2% in the same month. That shows a shift. Money moved from tech to safer areas, like health care. On Monday, some of that money moved back to tech. Lower oil prices helped too. Lower oil can mean lower costs for firms and for drivers.
Why It Matters
One morning does not end a trend. But it shows a change in mood. Investors are still nervous about AI. They are also still hopeful about AI. Both feelings are in the market now. This week will test that mood. Big earnings are due. Big news on jobs is due. A big vote is due too.
What Happens Next
Apple reports after Monday’s close. McDonald’s and Qualcomm report later in the week. US midterm elections are on Tuesday, November 3. The October jobs report is due on Friday, November 6. A jobs report shows how many jobs were added. It helps people guess what the central bank may do next. Watch all three. They can move stocks fast, up or down.
Final Thoughts
Monday starts with a small bounce. Tech is up a little. Oil is down a little. But the big tests are still ahead. This week will tell us more than one morning can.
Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.
Sources: CNBC, https://www.cnbc.com/2026/11/02/stock-market-today-live-updates.html ; market update, https://www.baystreet.ca/articles/market_updates_us.aspx?articleid%5C%5Cu003d102194 ; CNBC TV18 early Asian market
report via TradingView,
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