{
  "id": 17860579,
  "title": "US stocks: S&P 500 ends down; Apple dips ahead of quarterly report",
  "url": "https://urgent.news/2026/11/02/us-stocks-s-p-500-ends-down-apple-dips-ahead-of-quarterly-report",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T21:47:23.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-sp-500-ends-down-apple-dips-ahead-quarterly-report"
  },
  "original_language": "en",
  "account": "The S&P 500 ended down on Monday, November 2, while Apple shares fell ahead of the company's quarterly report as investors awaited the results of the upcoming US midterm elections. Oil prices declined due to optimism surrounding a possible US-Iran peace deal, which led to a drop in longer-dated US Treasury yields. Brent crude prices also dropped as Iran expressed openness to peace talks after eight months of conflict in the Middle East, which had kept energy prices high and contributed to inflation. Apple's stock declined following the market close as investors focused on the rising costs of memory chips. The Nasdaq fell 5.3% for the month after a sell-off on Friday due to concerns about AI infrastructure spending outpacing near-term cash generation. The S&P 500 closed at 7,541.40 points, the Nasdaq at 25,164.32 points, and the Dow Jones Industrial Average at 51,983.98 points. Seven of the 11 S&P 500 sector indexes rose, led by consumer discretionary and materials. Seven S&P 500 companies, including Oracle, Marvell Technology, Intel, Palantir, and AMD, reported declines. Despite the recent market downturn, S&P 500 third-quarter earnings are expected to increase over 30% year-over-year, with AI companies contributing significantly to the growth.",
  "summary": "The major indices closed mixed for the day",
  "key_points": [
    "S&P 500 closes down on November 2",
    "Apple stock dips before quarterly report",
    "Oil prices fall due to Iran peace deal optimism"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/17860579.png",
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "S&P 500 ends down; Apple dips ahead of quarterly report",
        "url": "https://urgent.news/2026/11/02/s-p-500-ends-down-apple-dips-ahead-of-quarterly-report",
        "published": "2026-11-02T21:59:49.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Stocks making the biggest moves after hours: Fabrinet, Clorox, Apple, Palantir & more",
        "url": "https://urgent.news/2026/11/02/stocks-making-the-biggest-moves-after-hours-fabrinet-clorox-apple",
        "published": "2026-11-02T22:07:09.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "S&P 500 ends lower, Apple dips ahead of quarterly report",
        "url": "https://urgent.news/2026/11/02/s-p-500-ends-lower-apple-dips-ahead-of-quarterly-report",
        "published": "2026-11-02T23:05:49.000Z"
      }
    ]
  },
  "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."
}