NewsSignals AI analysis·Reuters·Nov 2, 2026

Wall St rises as oil falls heading into US midterm elections, more earnings

Grade Abullish AI signal$SPX$DJI$NDX$WTI$BRENT$NVDA$AMZN$ORCL$MRVL$LITE$INTC$AMD$AAPL

Wall Street rallied on Monday as oil prices plunged more than 6% on hopes of a US-Iran peace deal, lifting major US stock indexes ahead of midterm elections. The Dow gained 1.04%, the S&P 500 rose 0.58% and the Nasdaq Composite advanced 0.72%, while Nvidia climbed 1.5% and Amazon surged 4.1%. Further progress toward a peace agreement could ease energy-related inflation concerns and support equities, although AI spending concerns and earnings volatility remain potential headwinds.

Bullish strength: 70/100

Dow, S&P 500 and Nasdaq Composite all advanced.
Oil prices plunged more than 6% on hopes of a US-Iran peace deal.
Seven of the 11 major S&P 500 sectors traded higher.
Nvidia gained 1.5% and Amazon rose 4.1%.

Bearish strength: 30/100

Oracle dropped 5.8% amid concerns over its planned $20 billion debt and share sale.
AI investment sustainability concerns continue weighing on technology sentiment.
Intel forecast quarterly revenue below market estimates and does not expect positive cash flow this year.
Apple fell 1.3% ahead of earnings.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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