Tech Stocks Lead Wall Street Rebound as Oil Slips Further
The Nasdaq gained 1.1% and chipmakers jumped 3.9% while Apple weighed on the Dow, and US crude extended its losses on hopes for an Iran diplomacy deal.
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what happened
US equity indexes mostly rose on Tuesday, recovering from a sharp drop in the previous session, according to TradingView citing RTTNews and dpa-AFX. The Nasdaq was up 1.1% at 25,429.86, while the S&P 500 added 0.6% to 7,586.20. The Philadelphia Semiconductor Index climbed 3.9% after closing at a six-month low the day before. The Dow, however, slipped 0.2% to 51,875.33, dragged by a steep fall in Apple shares. The iPhone maker reported higher quarterly revenue and profit but guided to gross margin slightly below consensus for the current quarter, and the stock was down about 2.4%.
US crude futures, which had plunged more than 7% on Monday, fell another 0.7% as optimism about a diplomatic solution to the US-Iran conflict persisted. Asian markets finished mixed, with Shanghai's Composite down 0.8% and Hong Kong's Hang Seng up 0.6%, while Japan was closed for a holiday. European markets mostly declined, with the FTSE 100 off 0.8% and the DAX down 0.1%. In bonds, Treasuries gave back ground after several sessions of gains, pushing the 10-year yield up 4.1 basis points to 4.935%.
why it matters
Two signals matter for markets here. The chip sector rebound supports risk appetite, while lower oil on diplomacy hopes reduces the risk of further energy price spikes. Higher Treasury yields mean costlier borrowing, which has traditionally weighed on growth stocks.
market impact
US stocks and chipmakers: rebound; US oil and Treasuries: price pressure
- Nasdaq pressure up — chipmaker and tech rebound supports the index
- US crude oil futures pressure down — hopes for a diplomatic solution reduce the geopolitical risk premium
- US Treasuries pressure down — rising yields mean lower bond prices
tags
instruments
sources
- Technology Stocks Leading Rebound On Wall Street — TradingView, 3 November 2026 at 16:33 UTC
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