US Pre-Market 2 November 2026: Nasdaq Futures +0.79% as WTI Falls Below $100; Apple Reports After the Close
Sentiment: mixed S&P 500 futures: +0.41%
Nasdaq 100 futures are +0.79% and S&P 500 futures +0.41% at 7:34am ET on 2 November 2026, after the S&P 500 fell 1.82% on Friday, as December WTI drops 4.15% to $99.80 on Iran talks. ECHO.US is +7.06% after a Washington Post report that SpaceX is in talks to buy Boost Mobile or use its network. AAPL.US (-0.17%) and PLTR.US (+1.48%) report after the close, and the US midterm elections are on Tuesday.
Overnight drivers
- Oil: December WTI -4.15% to $99.80 and January Brent -3.91% to $108.99. Iranian authorities signalled a deal is still possible after Qatar-mediated talks, per Al Jazeera via CNBC, and Axios reported that President Trump prefers more time for diplomacy. The Wall Street Journal and The New York Times reported both sides preparing for more strikes after the midterms. XOM.US -1.07%, CVX.US -1.05% and OXY.US -1.67%; DAL.US +1.82% and UAL.US +1.68%.
- Chips: SOXX.US +1.58% after -8.24% on Friday. AMD.US +2.06%, SNDK.US +2.06%, WDC.US +1.96%, MU.US +1.93% and NVDA.US +1.08%; INTC.US -1.17% after -28.58%. Yahoo Finance counted about $5 trillion of market value lost across 47 AI and chip stocks since 6 October.
- Wireless: SPCX.US +1.66% on the Boost Mobile report, while VZ.US -2.79%, TMUS.US -2.61% and T.US -2.47%. EchoStar had 7.38 million wireless subscribers at the end of the second quarter, per Reuters.
- Alphabet: GOOGL.US +0.91% as the company opens its second euro bond sale of 2026, per Stocktwits. The stock lost 12.61% last week after third-quarter capital spending turned free cash flow negative.
- Rates and the dollar: the 10-year Treasury yield closed Friday at 4.93%, and Benzinga put the likelihood of a Fed hike at the December meeting at 72.9%. DXY -0.26% at 101.62, gold futures +0.42% at $3,915.40 and bitcoin +0.04% at $77,777.
US economic calendar today (ET)
Benzinga's calendar lists no 8:30am ET release on 2 November 2026, so the first US data of the day arrives at 9:45am.
- 9:45am: S&P Global US manufacturing PMI, October final, against a prior reading of 56.
- 10:00am: ISM manufacturing PMI, October, 54.7 expected against 54.5 prior. Prices paid 77.5 expected against 77.9; new orders 54.9 against 55.3; employment 52 against 52.7, per Yahoo Finance.
- 10:00am: construction spending, September, +0.5% expected against +0.9% prior.
Friday on Wall Street
The S&P 500 closed at 7,580.07 on 30 October 2026, down 1.82%, as INTC.US fell 28.58% on its fourth-quarter revenue guide.
- S&P 500: 7,580.07 (-1.82%)
- Nasdaq: 25,437.00 (-2.86%)
- Dow: 51,770.31 (-1.09%)
- Russell 2000: 2,811.84 (-1.66%)
- VIX: 19.42 (+12.91%), now 19.28
The S&P 500 has fallen for three straight weeks. Stocktwits put the Nasdaq 100's October loss at about 6.5%, its worst month since March 2025. Russell 2000 futures are +0.58% and Dow futures +0.36% this morning.
Overnight Asia and Europe
South Korea's KOSPI closed at 5,859.08 on 2 November 2026, up 2.24%, with SK Hynix +3.8% and Samsung Electronics +1.8%, per AP. The Nikkei 225 fell 0.33% to 63,081.86 as Kioxia lost 15.8% on a forecast that disappointed analysts. The Hang Seng rose 0.42% to 23,393.32 and the Shanghai Composite 1.08% to 3,638.03.
STOXX 600 -0.15% at 645.77, DAX -0.06% at 25,802.32 and FTSE 100 -0.17% at 10,711.96 at 7:34am ET.
Pre-market movers
| Ticker | Pre-market | Reason |
|---|---|---|
| INO.US | +245.29% | FDA accelerated approval of Voceryq for recurrent respiratory papillomatosis |
| PERI.US | +30.80% | Affle agreed to buy it for $11.70 a share cash, about $420 million |
| ECHO.US | +7.06% | Washington Post report on SpaceX talks over Boost Mobile |
| IDXX.US | +4.68% | Q3 EPS $3.96 against $3.72 expected; 2026 revenue guide raised |
| RYAAY.US | +3.31% | Quarterly EPS of $3.54 against $3.49 expected, per Benzinga |
| RIVN.US | +3.29% | UBS raised its rating on the stock |
| EL.US | +3.21% | Q1 EPS 72 cents against 52 cents expected; annual forecasts raised |
| MAR.US | +2.93% | Q3 RevPAR +6.5%; 2026 RevPAR guide raised to 4.5% to 5.0% |
| OKTA.US | +2.31% | Joins the S&P 500 on 4 November, replacing KVUE.US |
| KOS.US | -9.25% | Third-quarter results below expectations, per Benzinga |
| CHKP.US | -6.65% | Q3 revenue $669.8 million against $672.5 million; weak Q4 forecast |
Of the 400 largest listed names swept at 7:33am ET, 332 showed a pre-market move, with 210 higher and 122 lower.
Apple and Palantir after the close
Analysts expect AAPL.US to report fiscal fourth-quarter EPS of $1.99 on revenue of $113.38 billion, per Benzinga, in the first report under CEO John Ternus. Investing.com said profit growth could slow to its weakest pace in six quarters as memory chip costs rise. Apple ended Friday worth $5.03 trillion, ahead of Nvidia at $4.93 trillion.
Analysts expect PLTR.US to report third-quarter EPS of $0.41 on revenue of $2.18 billion, up 85% from a year earlier and slower than the 93% growth of the second quarter, per Stocktwits. The stock fell 6.27% on Friday and closed at $184.11.
What to watch
- Mon 2 Nov, after the close: AAPL.US and PLTR.US results.
- Tue 3 Nov: US midterm elections, with all 435 House seats and 35 Senate seats on the ballot. September JOLTS job openings at 10:00am ET. AMD.US reports after the close.
- Wed 4 Nov: ADP employment and September trade at 8:30am ET, and ISM services at 10:00am ET.
- Fri 6 Nov, 8:30am ET: October employment report.
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