U.S. Stocks Rally, Tech Rebounds as Oil Prices Tumble

U.S. stock markets saw a rebound on Monday, November 2, 2026, recovering some losses from the previous week's tech sell-off. The S&P 500 climbed 0.3 percent, the Dow Jones Industrial Average was up 1 percent, and the Nasdaq composite was 0.4 percent higher. This rally was partly attributed to a sharp drop in oil prices, which headed down 7.5 percent for Brent crude to $104.92, easing concerns about inflation and energy costs. Technology stocks, which had been under pressure due to worries about AI investment costs, also showed signs of recovery.