What Happened Today, Monday November 02, 2026, 5:00 PM ET close
Nasdaq 100 Drops 1.09% While S&P 500 Slips 0.35% on Monday
Tech-heavy indexes led the decline as Iran war talks and oil headlines kept investors cautious.
ES and NQ at the close
NQ, Nasdaq 100 futures
28,223.75
-1.09% on the day
Day range 28,101.75 to 28,891.25
ES, S&P 500 futures
7,587.00
-0.35% on the day
Day range 7,570.75 to 7,693.75
How did our Futures Trading Algo Do Today?
Discipline
No clean setup meant no trade, and staying flat was the right call.
Our automated alerts stayed flat on Monday, with zero trades on the Nasdaq 100 and S&P 500 futures. No setups met our entry rules, so no strategies fired and there is no best or worst trade to report. The paper book finished the day at $0 in profit and loss.
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The story
Stocks started November on a weaker note. The Nasdaq 100 fell 1.09% to close near 28,224, while the S&P 500 slipped a smaller 0.35% to about 7,587. The gap between the two suggests the selling was concentrated in technology and growth names rather than spread evenly across the market. Headlines about stalled talks to end the Iran war and the path of oil supply kept investors careful, and the market also looked ahead to the midterm elections.
The MAG7 and the megacaps
Our data for today covers the broad index futures rather than individual stock prices, so we will not quote moves for single companies. What we can say is that the Nasdaq 100, which is heavily weighted toward the biggest technology companies, fell 1.09%, more than three times the 0.35% drop in the S&P 500. That pattern points to large tech names being a main source of the pressure on Monday.
After the bell
Iran talks end without a breakthrough
Iran said contacts over ending the war are continuing, but the latest round of talks produced no deal. Uncertainty about how long the conflict lasts tends to keep investors cautious about stocks.
Oil supply stories in focus
The UAE said its oil exports have risen since leaving OPEC quotas, and a Reuters commentary noted Asia's crude imports are back to pre-war levels while refined fuels lag. Energy costs matter for company profits and inflation, so these stories draw attention.
China urges dialogue
China's foreign minister met Iranian and Saudi officials and called for talks. Diplomatic moves from a major economy add to the sense that the situation is still unsettled.
Midterm elections ahead
CNBC highlighted what S&P 500 history shows after midterm elections. With the vote close, investors are weighing how political results could shape the market.
Crypto
Bitcoin also traded lower, falling 1.94% to close near $76,727. It ranged from about $76,593 to $78,611 during the day, so it spent most of the session drifting toward the bottom of that band. Crypto sliding alongside tech stocks fits a broader pullback in riskier assets.
Into the night
Overnight and early headlines were dominated by the Middle East. Iran said contacts over ending the war continue after talks finished with no breakthrough, and China's foreign minister urged dialogue in meetings with Iranian and Saudi officials. On the energy side, TotalEnergies said the conflict could speed up the energy transition, and the UAE said its oil exports have risen now that it is free of OPEC quotas.
What is coming next
Nasdaq 100 low
28,101.75
Monday's low, a level traders will watch for further weakness.
Nasdaq 100 high
28,891.25
Monday's high, which marks where buyers gave way.
S&P 500 low
7,570.75
Monday's low, just below the 7,587 close.
Bitcoin range
76,593 to 78,611
Monday's trading range for the largest cryptocurrency.
Investors will keep watching for news on the Iran talks and oil supply, along with the midterm elections. These levels come from today's trading range and are reference points only, not predictions. This recap is for education and is not financial advice.
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Educational market recap, not financial advice. Futures and options trading carry substantial risk of loss. Prices reflect the 2026-11-02 session close; charts are live and interactive. Always verify before acting.