Dow Rebounds After Friday's Selloff; Oil Slides on Mideast Hopes -- WSJ
Dow Jones2026/11/02 19:07By Joe Wallace
Tech stocks' early Monday gains are starting to slip away, despite a slide in oil prices.
Brent crude futures fell more than 7% on signs that both the U.S. and Iran might be willing to engage in diplomacy, which could avert an escalation in the Middle East.
The Dow is leading gains among major indexes, adding nearly 500 points. The selloff that led the Nasdaq to end last month with a 5.3% loss has paused, at least for now. Stocks like Amazon and SpaceX are rebounding, though others, like Intel and CoreWeave, are extending last week's losses. In afternoon trading, the Nasdaq composite is near flat after paring early gains.
Earnings from Apple after markets close today could test tech's fragile recovery. In a busy week for markets, investors are also watching tomorrow's midterm elections in the U.S., which will determine which party controls Congress, and Friday's jobs report.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 02, 2026 14:07 ET (19:07 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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