U.S. stock market futures are trading higher on Monday, November 2, 2026, led by Nasdaq futures as falling crude oil prices and renewed hopes of U.S.–Iran diplomatic progress support investor sentiment. However, investors remain cautious following October's technology-led sell-off and growing concerns about massive AI infrastructure spending and its long-term profitability. This week, market attention will focus on major corporate earnings, U.S. midterm elections, manufacturing data and Friday's October employment report. U.S. Stock Market Premarket Snapshot Dow Jones Futures: 52,124 | +0.40% S&P 500 Futures: 7,639.50 | +0.33% Nasdaq Futures: 28,700.25 | +0.58% Stoxx 600: 645.51 | -0.19% Shanghai Composite: 3,638.03 | +1.08% U.S. 10-Year Treasury Yield: 4.917% VIX: 19.36 | -0.31% Gold: $3,908.50 | +0.25% Bitcoin: $77,608 | -0.24% WTI Crude Oil: $99.44 | -4.49% U.S. Dollar Index: 96.94 | -0.14% Key Stock Market News and Catalysts 1. AI and Semiconductor Stocks Remain in Focus AI and semiconductor stocks remain under pressure following October's technology-led sell-off. The Nasdaq declined 5.3% during October, while Intel (#INTC) plunged nearly 30% on Friday. Investors are closely monitoring AI demand, memory pricing, data-center expansion and hyperscaler capital expenditure. Stocks to Watch: #NVDA #AMD #AVGO #MU #WDC #MRVL #LITE #CRWV #IREN #NBIS 2. Marvell's Proposed Lumentum Acquisition #MRVL's proposed acquisition of #LITE is attracting significant attention, highlighting continued consolidation and strategic investment in optical networking and AI data-center infrastructure. 3. Crude Oil Drops Below $100 WTI crude oil declined approximately 4.5% to $99.44 per barrel amid renewed diplomatic developments involving the U.S. and Iran. Investors are monitoring potential developments surrounding the Strait of Hormuz, which could influence global energy supplies, inflation expectations and market sentiment. 4. Major Corporate Earnings Take Center Stage Investors are becoming increasingly selective during earnings season, focusing on revenue growth, profit margins, cash flow, forward guidance and AI-related spending. More than 80% of reporting S&P 500 companies have beaten earnings estimates. Major Stocks to Watch Today: #AAPL #PLTR Apple's earnings are particularly important as the company reports under new CEO John Ternus. Investors will watch iPhone demand, AI integration, margins and forward guidance. 5. U.S. Midterm Elections — November 3 Investors are preparing for Tuesday's U.S. midterm elections. Potential changes in congressional control could influence government spending, taxation, healthcare, AI regulation and infrastructure investment. Major Earnings to Watch This Week Monday, November 2: #AAPL #PLTR #VRTX #ROKU #ON Tuesday, November 3: #AMD #SMCI #ANET #ALAB #SHOP #PFE Wednesday, November 4: #UBER #QCOM #ARM #APP #MCD #DDOG Thursday, November 5: #NET #ABNB #LITE #IREN #CELH #IONQ Friday, November 6: #MRNA #OKLO #VST #WULF #HUM Important U.S. Economic Events This Week Key economic releases could influence Treasury yields, Federal Reserve rate expectations and overall stock market direction. Monday: S&P Global Manufacturing PMI, ISM Manufacturing Index and Construction Spending. Tuesday: JOLTS Job Openings, Factory Orders and U.S. Midterm Elections. Wednesday: ADP Employment Report, International Trade and ISM Services Index. Thursday: Initial Jobless Claims, Productivity and Costs, and Challenger Job Cuts. Friday: Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings and Consumer Sentiment. Friday's October Jobs Report: A Major Market Catalyst The October employment report will be one of the most important releases this week. Investors will closely monitor job creation, unemployment and wage growth for clues about labor-market conditions and the Federal Reserve's future interest-rate decisions. U.S. Stock Market Outlook: What Investors Should Watch U.S. stock futures are pointing higher, led by technology stocks, while declining crude oil prices are providing some relief to inflation concerns. However, uncertainty surrounding AI infrastructure spending, semiconductor valuations, geopolitical developments and economic conditions could keep volatility elevated. Key Catalysts to Watch: #AAPL and #PLTR earnings on Monday. #AMD and #SMCI earnings on Tuesday. U.S. Midterm Elections on November 3. ISM Manufacturing and Services data. October Nonfarm Payrolls on Friday. Crude oil prices and U.S. Treasury yields. Bottom Line: The market is attempting a recovery after October's technology-led weakness. Strong corporate earnings, improving AI demand and easing oil prices could support further gains. However, disappointing earnings guidance, weak employment data or renewed geopolitical tensions could trigger another round of market volatility. Investors should closely monitor earnings announcements, economic releases and market developments before making trading decisions.