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TECH LOSSES PULL S&P 500 AND NASDAQ LOWER AS OIL DROPS

November 2, 2026

NEW YORK — U.S. stocks finished mixed Monday as weakness in major technology and artificial-intelligence shares erased an early market rally.

The S&P 500 fell 0.5 percent and the Nasdaq composite dropped 1.1 percent. The Dow Jones Industrial Average gained 213 points, or 0.4 percent.

Most stocks in the S&P 500 advanced, but losses in heavily weighted technology companies outweighed that breadth.

Brent crude fell 7.6 percent to $104.77 a barrel. The split performance reflected continuing uncertainty over AI investment returns and the outlook for energy supplies.