{
  "id": 17866332,
  "title": "Dow Jones Industrial Average edges up as money leaves tech stocks",
  "url": "https://urgent.news/2026/11/02/dow-jones-industrial-average-edges-up-as-money-leaves-tech-stocks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T21:40:36.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/dow-jones-industrial-average-edges-up-as-money-leaves-tech-stocks-202611022140"
  },
  "original_language": "en",
  "account": "The Dow Jones Industrial Average edged upward as investors divested from technology stocks. Tech stocks experienced significant losses following Oracle's announcement to raise $20 billion for artificial intelligence, prompting investors to allocate funds towards industrial and retail names that comprise the Dow. The index climbed from just above 51,800 to near 52,500, but has since retreated, trading above 52,000. Construction spending, which fell the most in a month since April 2020, contributed to the decline, alongside declines in Oracle, Marvell, and Lumentum due to funding and deal news. The Dow's tech stocks exhibited less volatility, with Nvidia experiencing a minor dip and Apple losing 2% before the release of its results. Meanwhile, crude oil prices dropped by more than 7% in response to President Trump's reluctance to start a war with Iran. Key manufacturers within the Dow, such as Honeywell, 3M, and Boeing, saw gains as orders increased and fuel costs decreased. Market participants await important economic data, including September job openings and the ISM services index, both scheduled for release on Tuesday and Wednesday, respectively, as well as the October nonfarm payrolls report on Friday. The Dow, comprised of 30 major US corporations, is price-weighted and has faced criticism for its narrow representation. Various factors influence the Dow Jones Industrial Average, including quarterly earnings, macroeconomic data, and the Federal Reserve's interest rate decisions. Traders can employ ETFs, futures contracts, options, and mutual funds to gain exposure to the index.",
  "summary": "Investors sold tech after Oracle (ORCL) filed to raise $20 billion for artificial intelligence (AI) and bought the industrial and retail names that fill the Dow Jones Industrial Average.",
  "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."
}