{
  "id": 17814168,
  "title": "US stocks open higher as AI trade steadies, oil falls",
  "url": "https://urgent.news/2026/11/02/us-stocks-open-higher-as-ai-trade-steadies-oil-falls",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-02T14:35:50.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/us-stocks-set-higher-open-ai-trade-steadies-midterms-focus"
  },
  "original_language": "en",
  "account": "On Monday (Nov 2), Wall Street's main indices opened higher as technology and artificial intelligence-related stocks steadied after a rough October. Risk sentiment was lifted by a sharp drop in crude oil prices, driven by optimistic talks of a US-Iran peace deal easing potential Middle East supply disruptions. The Dow Jones Industrial Average climbed 403.09 points or 0.78 percent to 52,173.40, while the S&P 500 gained 33.80 points or 0.45 percent to 7,613.87, and the Nasdaq Composite increased 159.07 points or 0.63 percent to 25,596.07.\n\nThe tech-heavy Nasdaq 100 had lost over US$2.5 trillion in market value last month and was close to entering correction territory, as investors grew wary of Big Tech's excessive AI spending while waiting for stronger returns. Several companies had turned to the bond market to finance their AI investments, raising concerns that debt-funded spending would become harder to justify as borrowing costs rise.\n\nSentiment towards the AI trade was largely negative last week, following reports that OpenAI had reduced the target for its latest funding round by US$10 billion and that Blackstone expected Anthropic's initial public offering might not achieve investment-grade status. Earnings reports from rival chipmaker AMD were expected later in the week.\n\nAnalyst Kiran Ganesh of UBS Global Wealth Management cautioned that volatility would likely persist throughout the earnings season, with individual companies potentially facing market repercussions if they fail to meet the market's expectations on multiple fronts. The key catalysts this week included the upcoming US midterm elections on Tuesday, which could see Democrats gain control of Congress from President Donald Trump's Republican Party. Democrats were expected to win the House of Representatives, but the Senate outcome remained uncertain.",
  "summary": "Technology and artificial intelligence-related counters are recovering after a dismal October",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}