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Market Commentary - Foreign Markets
US market end mixed, Tech stocks under pressure
03-Nov-2026, 12:26
US equities displayed a bifurcated performance on Monday, as a decline in technology equities unwound initial advances in the first session of November, contrasting with gains observed in industrial and home improvement sectors. Markets had previously trended downward last week, marked by substantial selling pressure on technology stocks. The Nasdaq Composite, a technology-centric index, retreated 1.07% to 25,164.36, following an earlier peak of 1.4%, whereas the S&P 500 relinquished a gain of as much as 1.1% to settle down 0.51% at 7,541.40. The Dow Jones Industrial Average advanced 213.67 points, representing a 0.41% increase, to reach 51,983.98.
US equities displayed a bifurcated performance on Monday, as a decline in technology equities unwound initial advances in the first session of November, contrasting with gains observed in industrial and home improvement sectors. Markets had previously trended downward last week, marked by substantial selling pressure on technology stocks. The Nasdaq Composite, a technology-centric index, retreated 1.07% to 25,164.36, following an earlier peak of 1.4%, whereas the S&P 500 relinquished a gain of as much as 1.1% to settle down 0.51% at 7,541.40. The Dow Jones Industrial Average advanced 213.67 points, representing a 0.41% increase, to reach 51,983.98.