S&P 500 and Nasdaq Fall as Chipmakers Slide; Dow Climbs on Market Close

The S&P 500 fell 0.50% and the Nasdaq dropped 1.07% as chip stocks tumbled, while the Dow added 0.41% on November 2, 2026.

The S&P 500 closed at 7,542.32, down 0.50% on the day, while the Nasdaq Composite fell further, losing 1.07% to end at 25,164.32. The Dow Jones Industrial Average bucked the trend, rising 0.41% to 51,983.98. The Russell 2000, which tracks smaller companies, slipped 0.21% to 2,805.88. The 10-year Treasury yield eased to 4.893%, down 0.73%, while the volatility index (VIX), a gauge of expected market swings, jumped 9.01% to 21.17, signaling rising investor unease.

How the market closed
IndexCloseChange
S&P 5007,542.32-0.50%
Dow Jones Industrial Average51,983.98+0.41%
Nasdaq Composite25,164.32-1.07%
Russell 20002,805.88-0.21%
VIX (volatility index)21.17+9.01%
10-year Treasury yield4.893%-0.73%

Source: Index levels at the close · as of November 2, 2026 at 4:30 PM ET · The 10-year Treasury yield is shown as a yield; its change is the percentage change in that yield.

The biggest S&P 500 moves

Idexx Laboratories led gainers, surging 21.85% to $671.64 after Benzinga reported the company posted quarterly earnings of $4.01 per share, beating the $3.71 consensus, and raised its 2026 guidance. DoorDash climbed 6.19% to $190.07 the same day Business Insider reported the company launched $12 meal deals across more than 20 cities to compete on value. CRH plc rose 6.36% to $96.59 after StreetInsider reported Stephens analyst Trey Gooms raised his price target on the stock to $110.

On the downside, Lumentum Holdings dropped 18.59% to $684.40 after RTTNews reported Marvell Technology agreed to acquire the company in an all-stock deal valued at an implied enterprise value, meaning the total value of a company including debt, of $115 billion, with Lumentum holders set to receive 4.5 Marvell shares apiece. Marvell itself fell 12.72% to $171.41; TheStreet noted that because the deal uses a fixed exchange ratio, Marvell's own share decline lowers the implied value of the transaction, suggesting investors were not enthusiastic about the terms. Oracle slid 8.85% to $119.10.

S&P 500: the biggest moves of the day

Source: Closing prices against the prior close, S&P 500 members · as of November 2, 2026 at 4:30 PM ET

S&P 500: biggest gains today
StockCompanyCloseChange
IDXXIdexx Laboratories$671.64+21.85%
HWMHowmet Aerospace$212.97+6.90%
PNRPentair$70.56+6.49%
CRHCRH plc$96.59+6.36%
DASHDoorDash$190.07+6.19%

Source: Closing prices against the prior close, S&P 500 members · as of November 2, 2026 at 4:30 PM ET

S&P 500: biggest declines today
StockCompanyCloseChange
LITELumentum Holdings Inc.$684.40-18.59%
MRVLMarvell Technology, Inc.$171.41-12.72%
CIENCiena Corporation$284.34-11.34%
PEverpure, Inc.$113.78-10.40%
ORCLOracle Corporation$119.10-8.85%

Source: Closing prices against the prior close, S&P 500 members · as of November 2, 2026 at 4:30 PM ET

Sectors

Eight of the eleven sectors finished higher. Consumer discretionary led with a gain of 2.41%, followed by financials, up 1.82%, and materials, up 1.76%. Energy lagged the field, down 3.96%, while technology also weighed on the market, falling 2.93%; health care was roughly flat, down 0.12%.

Sectors today
SectorChange
Consumer discretionary+2.41%
Financials+1.82%
Materials+1.76%
Consumer staples+1.58%
Industrials+1.39%
Real estate+1.11%
Utilities+0.55%
Communication services+0.36%
Health care-0.12%
Technology-2.93%
Energy-3.96%

Source: Sector index funds, change on the day · as of November 2, 2026 at 4:30 PM ET

New highs and lows

Thirty-one S&P 500 stocks touched a 52-week high today, while just one stock touched a 52-week low. Among those hitting highs were FactSet, up 4.30% to $343.74, Marriott International, up 4.26% to $416.30, and Veralto, up 4.14% to $115.70. Coinbase Global was the lone stock to hit a 52-week low, closing at $137.83, down 3.98%.

S&P 500 stocks at a 52-week high or low today
StockCompanyTouchedCloseChange
FDSFactSet52-week high$343.74+4.30%
MARMarriott International52-week high$416.30+4.26%
VLTOVeralto52-week high$115.70+4.14%
JJacobs Solutions52-week high$160.24+3.63%
REGNRegeneron Pharmaceuticals52-week high$961.26+3.60%
MASMasco52-week high$83.51+3.56%
SWKStanley Black & Decker52-week high$106.71+3.16%
MAMastercard52-week high$658.10+3.15%
COINCoinbase Global52-week low$137.83-3.98%

Source: Session range against the 52-week range, S&P 500 members · as of November 2, 2026 at 4:30 PM ET · 31 at a high and 1 at a low in all; the largest moves are listed.

On the calendar

The Institute for Supply Management (ISM) Manufacturing Purchasing Managers' Index (PMI) for October came in at 55.5, ahead of the 54.6 consensus and up from September's 54.5. The ISM Manufacturing Employment measure for October printed at 52.4, below the 53 consensus and down slightly from the prior 52.7. Federal Reserve official Austan Goolsbee delivered a speech, and polls opened for the midterm elections.

Tomorrow, the Job Openings and Labor Turnover Survey (JOLTs) report for September is expected to show 7.13 million openings. Before the opening bell, Archer Daniels Midland, Ametek, Apollo Global Management, Aptiv, Ball Corporation, Broadridge Financial Solutions, DuPont, Eaton Corporation, Expeditors International, Fiserv, Henry Schein and Gartner are all scheduled to report quarterly results.

Today's US economic releases
Time (ET)ReleaseActualConsensusPrior
10:00 AMISM Manufacturing PMI (Oct)55.554.654.5
10:00 AMISM Manufacturing Employment (Oct)52.45352.7
11:15 AMFed Goolsbee Speech———
7:00 PMMidterm Elections———

Source: Economic calendar, US releases of high and medium impact

On the calendar for Tuesday, November 3, 2026
WhenWhatEstimate
10:00 AM ETJOLTs Job Openings (Sep)7.13M
Before the openADM (Archer Daniels Midland) earnings$1.60
After the closeAES (AES Corporation) earnings$0.53
After the closeAIG (American International Group) earnings$1.88
After the closeAIZ (Assurant) earnings$4.75
After the closeAMD (Advanced Micro Devices) earnings$1.95
Before the openAME (Ametek) earnings$2.11
After the closeAMGN (Amgen) earnings$5.79
After the closeANET (Arista Networks) earnings$1.08
Before the openAPO (Apollo Global Management) earnings$2.19
Before the openAPTV (Aptiv) earnings$1.33
Before the openBALL (Ball Corporation) earnings$1.07
After the closeBKNG (Booking Holdings) earnings$4.49
Before the openBR (Broadridge Financial Solutions) earnings$1.37
Before the openDD (DuPont) earnings$1.87
Before the openETN (Eaton Corporation) earnings$3.54
Before the openEXPD (Expeditors International) earnings$2.22
Before the openFISV (Fiserv, Inc.) earnings$1.72
Before the openHSIC (Henry Schein) earnings$1.36
After the closeIFF (International Flavors & Fragrances) earnings$0.81
Before the openIT (Gartner) earnings$2.84

Source: Economic and company earnings calendars · 36 S&P 500 companies report in all.

Sources

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