US Stock Futures Rise on November 2 as Oil Prices Fall

US stock futures climbed on November 2, 2026, as declining oil prices and a recovery in technology shares supported investor sentiment following a difficult week for artificial intelligence-related stocks. The gains lifted expectations for a more positive start to the new trading month.

According to Bloomberg, Nasdaq 100 futures advanced 0.6%, while S&P 500 futures gained 0.3%. An exchange-traded fund tracking semiconductor manufacturers also indicated a modest recovery in the chip sector.

The improvement followed a significant selloff in artificial intelligence-related investments, which had pressured technology shares during the previous week. Lower crude oil prices provided additional support to US equity futures, while bond futures also moved higher as Brent crude declined, according to Yahoo Finance.

Despite the broader recovery, several technology companies continued to face pressure from corporate financing and acquisition developments.

Oracle Corp. shares fell 3.3% in early trading after the company offered $10 billion in shares and launched a separate debt sale worth another $10 billion, according to Bloomberg.

Marvell Technology Inc. also declined following news of its $115 billion deal for Lumentum Holdings Inc. The transaction added another development for investors evaluating the technology sector amid continued market volatility.

Market participants are also preparing for several important developments that could influence trading throughout the week. According to Bloomberg, the upcoming schedule includes October manufacturing data, Apple Inc.'s earnings announcement, and the US midterm elections.

These events are expected to provide investors with additional information about economic conditions, corporate performance, and the broader political environment. Technology stocks remain an important focus as markets respond to recent artificial intelligence-related losses and changing investment conditions.