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BusinessQuiet 8d · day 9

Wall Street rally fades as AI-stock rout continues, oil prices tumble on Iran hopes

A Monday rebound attempt stalled as Alphabet, Nvidia and other AI names stayed volatile, while Brent crude sank 7.6% on hopes for US-Iran diplomacy.

newest coverage 7d agosummary written 8d ago7 pieces NewswiresGoogle News

What to know

  • A Monday rally attempt reversed, with the S&P 500 and Nasdaq closing lower even as nearly 70% of S&P 500 stocks rose.
  • AI and tech stocks remain the epicenter of volatility following Alphabet's record 12% one-day drop and a broad Friday sell-off, the worst since June.
  • Brent crude plunged 7.6% to $104.77 on hopes for US-Iran diplomatic progress, lifting airlines, cruise operators and hotel stocks.
  • Marvell's all-stock deal to buy Lumentum added to tech-sector weakness, sending both companies' shares sharply lower.

Alphabet Google's parent companyNvidia AI chipmakerMarvell Technology Semiconductor companyLumentum Laser and optical component makerAnthony Capuano Marriott International CEO

Wall Street rally fades as AI-stock rout continues, oil prices tumble on Iran hopes
Philadelphia Inquirer

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 5 pieces in two hours at Nov 2, 7 AM; 7 pieces over 9 days (7 articles) Nov 2, 7 AM — 5 pieces · 5 articles — Newswires 5Nov 2, 9 AM — quietNov 2, 11 AM — quietNov 2, 1 PM — quietNov 2, 3 PM — quietNov 2, 5 PM — quietNov 2, 7 PM — quietNov 2, 9 PM — 1 piece · 1 article — Google News 1Nov 2, 11 PM — quietNov 3, 1 AM — quietNov 3, 3 AM — quietNov 3, 5 AM — quietNov 3, 7 AM — quietNov 3, 9 AM — quietNov 3, 11 AM — 1 piece · 1 article — Newswires 1Nov 3, 1 PM — quietNov 3, 3 PM — quietNov 3, 5 PM — quietNov 3, 7 PM — quietNov 3, 9 PM — quietNov 3, 11 PM — quietNov 4, 1 AM — quietNov 4, 3 AM — quietNov 4, 5 AM — quietNov 4, 7 AM — quietNov 4, 9 AM — quietNov 4, 11 AM — quietNov 4, 1 PM — quietNov 4, 3 PM — quietNov 4, 5 PM — quietNov 4, 7 PM — quietNov 4, 9 PM — quietNov 4, 11 PM — quietNov 5, 1 AM — quietNov 5, 3 AM — quietNov 5, 5 AM — quietNov 5, 7 AM — quietNov 5, 9 AM — quietNov 5, 11 AM — quietNov 5, 1 PM — quietNov 5, 3 PM — quietNov 5, 5 PM — quietNov 5, 7 PM — quietNov 5, 9 PM — quietNov 5, 11 PM — quietNov 6, 1 AM — quietNov 6, 3 AM — quietNov 6, 5 AM — quietNov 6, 7 AM — quietNov 6, 9 AM — quietNov 6, 11 AM — quietNov 6, 1 PM — quietNov 6, 3 PM — quietNov 6, 5 PM — quietNov 6, 7 PM — quietNov 6, 9 PM — quietNov 6, 11 PM — quietNov 7, 1 AM — quietNov 7, 3 AM — quietNov 7, 5 AM — quietNov 7, 7 AM — quietNov 7, 9 AM — quietNov 7, 11 AM — quietNov 7, 1 PM — quietNov 7, 3 PM — quietNov 7, 5 PM — quietNov 7, 7 PM — quietNov 7, 9 PM — quietNov 7, 11 PM — quietNov 8, 1 AM — quietNov 8, 3 AM — quietNov 8, 5 AM — quietNov 8, 7 AM — quietNov 8, 9 AM — quietNov 8, 11 AM — quietNov 8, 1 PM — quietNov 8, 3 PM — quietNov 8, 5 PM — quietNov 8, 7 PM — quietNov 8, 9 PM — quietNov 8, 11 PM — quietNov 9, 1 AM — quietNov 9, 3 AM — quietNov 9, 5 AM — quietNov 9, 7 AM — quietNov 9, 9 AM — quietNov 9, 11 AM — quietNov 9, 1 PM — quietNov 9, 3 PM — quietNov 9, 5 PM — quietNov 9, 7 PM — quietNov 9, 9 PM — quietNov 9, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quiet 12
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9now · 5:42 AM ET
  1. 2

    Non-tech stocks rally on cheaper oil and strong earnings

    United Airlines, Southwest and Carnival jumped on lower fuel costs, Marriott rose 4.3% on strong global hotel results, and Idexx Laboratories surged 21.8% after beating earnings and raising its 2026 outlook.

    1. 6 outlets US futures rebound from huge sell-off last week as oil prices retreat sharply

      first by KSTP-TV, 7d ago · also The Globe and Mail, Orlando Sentinel, Baltimore Sun, Mercury News, Philadelphia Inquirer

  2. background

    Marvell shares plunge on deal to buy Lumentum — Marvell Technology fell 12.7% after agreeing to give 4.5 of its shares for each Lumentum share; Lumentum, which makes lasers for AI and cloud infrastructure, dropped 18.6%.

  3. background

    Morning rally fades as tech and AI stocks stay shaky — The S&P 500 erased an early 1.1% gain to close down 0.5% and the Nasdaq fell 1.1%, while the Dow rose 0.4%; Alphabet gave back a 2.6% gain to finish down 0.3% and Nvidia swung from +2.6% to -1.3%.

  4. 1

    Futures rally as oil prices retreat on Iran diplomacy hopes

    U.S. futures climbed and Brent crude dropped sharply on renewed hopes for progress in U.S.-Iran diplomatic talks, after oil had been swinging wildly between roughly $70 and $120 a barrel since the war began.

    “trends improved meaningfully…”
    — Anthony Capuano, Marriott International CEO · source
  5. background

    US stocks suffer worst day since June — A broad sell-off hit tech and AI-linked shares to close the week, with Nvidia sliding 4.2% amid growing criticism that AI stocks have risen too high and that the investment boom may not pay off.

  6. background

    Alphabet shares post worst day on record — Google's parent company fell more than 12% Thursday after reporting heavier cash burn and slower-than-expected search growth, stoking fears that AI spending is undercutting its core business.