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Markets bounced back as oil crashed 7%, sending consumer discretionary up 3.1% while energy got crushed. Materials, financials, and industrials all rallied hard. Tech remains under pressure but held the line. Crude's dive before midterms lit a fire under equities; VIX slipped to 19. BAM led with a 6.8% surge.
Futures bounce back as crude crashes over 4 percent; Nasdaq 100 leads the recovery up 0.75 percent while energy stocks surge on oil weakness. Tech stabilizing after brutal selloff. Apple earnings this week. Watch MU as mega-cap concentration debate heats up.
Tech got absolutely hammered on AI cash burn fears; Nasdaq tanked 3.5% while defensive plays and energy rallied. INTC cratered nearly 30% on guidance concerns, dragging semiconductor names down hard across the board.
Nasdaq tanked 3% as Amazon and Intel earnings spooked investors on AI capex concerns. Tech sellers dominated while healthcare and staples held steady. VIX jumped 14.7%. INTC cracked -29% and dragged the entire chip complex lower.
Nasdaq futures cratering 2.4% as GOOGL's 12% plunge reignites AI spending doubts. Crude rallying hard on Iran chatter while precious metals get hammered. Tech in freefall, healthcare and staples catching bids. This morning's gonna sting.
GOOGL plunged 12.8% after missing on AI metrics, dragging tech and comms services lower. Nasdaq sank 1.4% as rotation favored healthcare and utilities. Cats disappointed too. Fed hold kept bond yields lower, supporting defensives and small caps. Selective damage, not systemic panic.
Tech stumbled hard on earnings disappointment. GOOGL cratered 12%, dragging the Nasdaq down 1.1% while healthcare and real estate found footing. Small caps rallied; rates retreated. The AI trade just got real again.
Nasdaq futures tanking 0.88% after Google's earnings miss; Nasdaq 100 leading the selloff while small caps hold steady. Oil sliding 1.5% on Iran chatter. Fed paused rates yesterday but markets still digesting tech disappointment. GOOGL weighing heavy this morning.
Fed holds steady, stocks shrug it off. Tech leads the charge as chip stocks surge on AI infrastructure spending. ORCL soars over 10% on expanded NVIDIA partnership. Valuations remain stretched, but momentum's still the name of the game.
Chip stocks rally hard on AI infrastructure demand; SKHY leads the charge with 12.6% pop as SpaceX and others ramp capex. Broader market treads water into Fed decision with energy outperforming. Russell 2000 stuck in correction territory. Oil surges on geopolitical risks.
Nasdaq futures up 0.45% as chip stocks lead the charge; crude rallies 1.64% while metals sink across the board. Tech outperforming ahead of Big Tech earnings and the Fed decision. Small caps struggling, Russell 2000 futures down 0.18%. Watch QQQ for momentum confirmation at the open.
Nasdaq pops 1.3% as chip stocks extend their rally for a second straight day; oil weakness helps; energy sector takes the hit. CLS leads with a massive 12% surge.

Stock Market Dashboard

Live indices, movers, options and volatility · Nov 2, 2026

Live Run screener
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Top movers

SymbolLastChgRel volMkt cap
IDXX Idexx Laboratories Inc 665.71 +20.77% 2.4x $43.4B
NWL Newell Brands Inc. 6.01 +16.12% 1.8x $2.2B
NXT Nextpower Inc. Common Stock 90.90 +14.58% 1.3x $12.0B
SFM Sprouts Farmers Market, Inc. 55.13 +10.94% 1.3x $4.6B
RIVN Rivian Automotive, Inc.… 13.40 +10.20% 1.7x $17.7B
LOAR Loar Holdings Inc. 68.70 +10.62% 1.8x $5.8B
WING Wingstop Inc 165.78 +10.72% 1.4x $4.1B
PHIN PHINIA Inc. 69.75 +10.86% 0.7x $2.3B

Sector heat map

1D

Box size = relative volume (today vs the 20-day average), colour = 1-day change.

Fed rate odds

FedWatch
Dec 9 FOMCimplied
Hold
24%
+25bp
76%
Jan 27 FOMCimplied
Hold
72%
+25bp
28%

EFFR 3.88% · market-implied

Screeners

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Economic calendar

TimeEventImpactActualFcstPrev
Today
Mon 11/2 09:45Final Manufacturing PMIL56.056.0
Mon 11/2 10:00Construction Spending m/mL-1.9%0.4%0.9%
Mon 11/2 10:00ISM Manufacturing PMIM54.554.5
Mon 11/2 10:00ISM Manufacturing PricesL77.277.9
Mon 11/2 14:03Loan Officer SurveyL——
Tomorrow
Tue 11/3 10:00Factory Orders m/mL1.2%0.1%
Tue 11/3 10:00JOLTS Job OpeningsM7.11M7.08M
Tue 11/3 10:10RCM/TIPP Economic OptimismL46.246.8
Tue 11/3 10:15Omdia Total Vehicle SalesL15.9M16.0M
Tue 11/3 10:16Congressional ElectionsH——
Showing 1–10 of 42
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US events · times ET · H high · M medium · L low impact

Upcoming earnings

Calendar

BMO before market open AMC after market close time not announced

SymbolDateEPS estExp. moveMkt cap
AAPL Apple Inc. Mon 11/2 AMC 1.99 ±7.1% $5.09T
PLTR Palantir Technologies Inc. Mon 11/2 AMC 0.41 ±16.3% $471.8B
VRTX Vertex Pharmaceutical… Mon 11/2 AMC 4.82 ±9.1% $136.9B
MAR Marriott International Mon 11/2 BMO 2.84 +3.7% vs ±6.8% $104.2B
WMB Williams Companies, I… Mon 11/2 AMC 0.54 ±8.2% $91.6B
FANG Diamondback Energy, Inc. Mon 11/2 AMC 5.72 ±7.2% $57.8B
O Realty Income Corporation Mon 11/2 AMC 1.11 ±3.9% $54.1B
ETR Entergy Corporation Mon 11/2 BMO 1.73 −0.3% vs ±5.4% $51.3B
Showing 1–8 of 347
Page 1 of 44

Market Commentary

Updated hourly
Updated: Live Data

📊 Market Overview

The market is doing what it does best after a panic: cherry-picking which sectors to rehabilitate while leaving others for dead. Oil's collapse is the throughline here, a seven-percent rout that's giving the Dow and small caps a lifeline while tech founders sweat through their hoodies. Midterm election jitters are real, but the bigger story is that last week's Nasdaq bloodbath has traders sniffing for a dip-buy, especially in Consumer Discretionary and Financials. This is risk-on posturing dressed up as a recovery, not a genuine all-clear. The VIX stayed elevated above twenty, and the Nasdaq is still underwater on the day, which tells you the enthusiasm is selective and fragile. Energy's death spiral is the only thing holding equities together right now.

The divergence is screaming institutional hedging, not conviction. Long-dated bonds are rallying hard, thirty-year yields are down sixty basis points, and the curve is flattening in a way that reeks of "we're preparing for something worse." Meanwhile, copper and precious metals are bouncing on falling crude and a weakening dollar, classic inflation-hedge rotation that happens when macro anxiety rises. Small caps leading large caps, midcaps leading the Nasdaq, and the Dow outdoing the S&P 500 all point to money flowing into defensible, less rate-sensitive names. This isn't a V-shaped bounce; it's a sideways shuffle into positions that matter if volatility stays elevated past Tuesday's election. Money managers are building hedges, not chasing rallies.

⚠️ Risks & Opportunities

• Tech is getting hammered while small caps and financials rip; the Russell 2000 and Dow are outperforming the Nasdaq by a country mile, signaling a classic risk-on rotation away from mega-cap growth into cyclicals and value, which will accelerate if Congressional elections swing toward pro-business deregulation on November 3rd.

• Oil cratering 7.6 percent while real yields compress (30Y bonds up 64 bps, 10Y up 22 bps) and gold rallies 1.66 percent suggests investors are pricing recession fears and Fed pivot expectations simultaneously, a contradiction that resolves only after tomorrow's election and Friday's employment report tell us whether the Fed has room to cut.

• VIX jumped 3.6 points to 20.12 despite the S&P 500 flat close; this volatility premium is expensive and won't sustain if equity breadth stays positive (Dow up, Russell up, midcaps up), so short vol into the post-election relief window unless the jobs number Friday shocks lower.

• The divergence between large cap tech (/NQ down 0.32 percent) and everything else reflects genuine earnings concerns in AI plays colliding with a rate market that is pricing in two more cuts by year-end; if ISM Manufacturing today and Jobs tomorrow come in soft, that narrative holds and tech stays under pressure.

• Copper up 1.09 percent and silver up 2.90 percent on industrial demand signals while the dollar flatlines suggests the carry trade is alive but fragile; any unexpected hawkishness in Preliminary UoM Inflation Expectations or Average Hourly Earnings on November 6th will kill this risk rally and snap the dollar back higher.

• Position into the Congressional election as a catalyst that either validates the rotation (Republicans win big, cyclicals stay bid) or triggers a washout (chaos or unexpected results send flows back into tech and defensives); the 4.18 percent short-end and 4.42 percent one-year rates say money market is pricing 75 bps of cuts, which is too much unless unemployment spikes.

🚀 Notable Movers

  • IDXX surged 20% after beating Q3 earnings and revenue estimates, signaling strong pricing power and operational execution in the pet diagnostics space despite margin headwinds.
  • BAM climbed 8% as Brookfield Asset Management prepares to report earnings next week with positive analyst expectations, benefiting from the broader rally in alternative asset managers.
  • CRH jumped 6.8% after stumbling on Q3 results that missed estimates; the bounce likely reflects bargain hunting on a materials play that lagged earlier in the session.
  • BN, SHW, HWM, TDG, and DASH all rose 5-7%, riding the broad strength in Financials, Materials, Industrials, and Consumer Discretionary; these sectors outperformed tech and energy today, and these stocks appear to be benefiting from sector rotation and tactical positioning rather than stock-specific news.
  • PDD gained 5.3%, appearing to catch investor attention on technical or sentiment factors as Chinese consumer plays find pockets of demand despite broader macro uncertainty around Asia.
  • ABNB climbed 5.2% as research highlighted the hospitality market's expansion to $12.5 trillion by 2032, supported by bleisure travel, flexible work, and wellness stays; the stock is trading as a consumer discretionary winner in a rotation away from high-multiple tech.
  • ORCL plunged 7% after announcing a $20 billion stock and bond sale that diluted shareholder value; the move signals management's shift toward optionality over capital returns, spooking holders.
  • MRVL crashed 11% after announcing its $115 billion all-stock acquisition of optical-parts maker Lumentum, a massive and dilutive deal that transfers a third of the combined entity to Lumentum holders and signals slowing organic growth at the chipmaker.
  • LITE tanked 17% as Lumentum shareholders face dilution through Marvell's all-stock offer at 4.5 Marvell shares per Lumentum share, crystallizing the acquiree's upside into a smaller equity stake in a slower-growth combined business.
  • AMD, INTC, STX, WDC, and DDOG all fell 5-7% as the chip and storage complex corrected on deteriorating AI sentiment and Marvell's deal overhang; semiconductor valuations look vulnerable heading into a crowded earnings cycle.
  • EQNR declined 6.8% and TRGP fell 6% as crude oil WTI collapsed 7.6% on diplomatic hopes for reduced Middle East tensions; energy stocks are being pressured by the combined effects of lower energy prices and rotation away from the sector.
Referenced News Articles

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Anthropic's Amended S-1: $17 Billion Quarter, $895 Billion Committed
November 2, 2026

Anthropic's first amendment adds the third quarter and the commitments total, but still no price. Revenue reached $17.0 billion, the operating line went back to a $567 million loss, committed spend is $895.4 billion, and the filing's own fair values point to about $70 a share.

ipoaisec-filingsinvesting

National polls

Polls & odds
Trump approval36.8% / 60.5%
net −23.7approve +0.1 in 30d
Generic ballotD +8.6
D 51.8 · R 43.1margin +0.3 in 30d
House
D 94%
Senate
D 74%

Average of the major poll aggregators, past 12 months. Control odds from prediction markets.

Mortgage rates

Rates & calculator
30-yr fixed · estimate7.11%
-4 bp since last print$2,691/mo on $400,000
15-yr fixed
6.43% +107 bp in a year
30-yr jumbo
7.32% +91 bp in a year
30-yr FHA
6.97% +92 bp in a year
10-yr Treasury
4.890% -5 bp today

Average rate borrowers locked, re-priced with the 10-year Treasury between daily prints. Not a quote.