Dow Jones Top Markets Headlines at 7 PM ET: U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief | Oil ...

U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief

Stocks ended mixed after hopes for U.S.-Iranian negotiations caused a slide in the price of oil, while concerns about a potential AI bust weighed on the technology sector.

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Oil Futures Slump As Iran Peace Efforts Ease Supply Fears

Oil prices sank as renewed diplomatic efforts to end the conflict between the U.S. and Iran eased concerns over Middle East oil supplies and fears of escalation following the U.S. midterm elections.

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U.S. Factory Activity Expands in October

The Institute for Supply Management's purchasing managers' index was 55.5 in October - higher than the September figure of 54.5.

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U.S. Treasury, European Bond Yields Fall as Oil Prices Drop

Yields on Treasurys and European government bonds fell as oil prices dropped sharply on renewed diplomatic efforts to end the conflict between the U.S. and Iran.

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South Korea Inflation Remains Above Target at 2.8% in October

South Korea's headline inflation remained above the central bank's 2% target in October, although it eased from the previous month, potentially reinforcing the case for further monetary policy tightening.

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Canada Manufacturing Sector PMI Slips Into Contraction Territory

The S&P Global Canada manufacturing purchasing managers index retreated in October to 49.6, a third straight monthly decline.

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U.S. Pushes to Restore Russian Gas Sales to Europe Via Ukraine

The idea is intended to unlock an energy ceasefire between Moscow and Kyiv but it faces resistance in European capitals.

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BOE Expected to Join Peers in Raising Key Rate

The bank is expected to join its peers in raising borrowing costs Thursday, with the Fed, ECB and BoJ having each raised rates at least once since start of U.S.-Iran war.

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Asia's Factory Activity Buoyed by AI Demand, but Cracks Emerge

Demand growth was mainly driven by new product launches and improved production capabilities, with exporters reporting higher sales volumes.

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Saudi Arabia's Economy Shrinks 3.8% as Oil Output Falls

The Arab region's largest economy struggled to contain the fallout from the Iran war-even before the latest escalations with Yemen's Houthi militants.

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Australia's Housing Slump Deepens as RBA Prepares Another Rate Rise

The Reserve Bank of Australia's two-day policy meeting, which ends on Tuesday, will be among the most tense in recent memory, given the backdrop of plunging house prices and persistently high inflation that shows few signs of easing.

(END) Dow Jones Newswires

November 02, 2026 19:15 ET (00:15 GMT)