Nasdaq Composite Rises 0.34% to 25,524.01 in Early Afternoon Trading
Published on 11/02/2026 at 19:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNasdaq Composite Recovers in Trading
- The Nasdaq Composite stood at 25,524.01 at 12:36 p.m. Eastern time on November 2, up 0.34% from the previous close.
- Lower oil prices and hopes for renewed US-Iran diplomacy supported risk appetite, while technology shares recovered selectively.
- Investors were also focused on Apple earnings, Tuesday's US midterm elections and the October jobs report due later in the week.
The Nasdaq Composite was trading at 25,524.01 at 12:36 p.m. Eastern time on Monday, November 2, according to Nasdaq market data. The index was up 87.01 points, or 0.34%, from its previous close of 25,437.00. The reading corresponds to 18:36 Central European Time and captures a still-open US session, not a closing level.
Early Recovery Remains Measured
Monday's advance followed the Nasdaq Composite's 2.86% decline on October 30, when technology and artificial-intelligence shares led a broad sell-off. The index had also fallen 5.3% in October, according to market coverage cited by CNBC.
The intraday recovery was positive but limited relative to the previous session's losses. Selective buying returned to large technology companies, while investors continued to assess whether the substantial capital spending on AI infrastructure will generate sufficient future returns. That uncertainty remained visible in individual stocks: Oracle came under pressure after announcing plans to raise capital for its AI buildout, while Marvell fell after announcing its proposed acquisition of Lumentum.
Oil and Diplomacy Lift Sentiment
Lower crude prices provided a broader support for risk assets. Brent crude fell sharply as markets responded to reports of possible diplomatic progress involving the United States and Iran, including discussions about reopening the Strait of Hormuz. The Associated Press reported that easing oil prices helped stocks recover some of the prior week's decline. Lower energy costs also supported companies with substantial fuel expenses, including airlines and cruise operators.
Investors Face Several Catalysts
The market's attention was not limited to geopolitics. Apple was scheduled to report quarterly results after the closing bell, while the US midterm elections were due on Tuesday. Investors were also preparing for the October employment report later in the week. The combination of major technology earnings, election uncertainty and still-elevated sensitivity to AI spending left the Nasdaq Composite vulnerable to further volatility even as it recovered during Monday's session.
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