Key facts
- The Dow Jones Industrial Average rose 403.09 points, or 0.78%, at the open to 52,173.40.
- The S&P 500 rose 33.80 points, or 0.45%, at the open to 7,613.87.
- The Nasdaq Composite rose 159.07 points, or 0.63%, to 25,596.07 at the opening bell.
- Brent crude futures fell 5.9% to $106.76 a barrel on November 2, after rising more than 2% in the prior session.
- Iran's foreign ministry said contacts between Iran and the United States to end their eight-month war were continuing on November 2.
- Talks between Iranian and Qatari officials focused on a deal to end the US-Israeli war on Iran, according to Reuters.
US stocks opened higher on Monday, November 2, with technology and AI-related shares steadying after a weak October, while crude oil prices fell sharply as hopes grew for a US-Iran peace deal.
The Dow Jones Industrial Average rose 403.09 points, or 0.78%, at the open to 52,173.40. The S&P 500 rose 33.80 points, or 0.45%, to 7,613.87, and the Nasdaq Composite rose 159.07 points, or 0.63%, to 25,596.07 at the opening bell.
Brent crude futures fell 5.9% to $106.76 a barrel on November 2, after rising more than 2% in the prior session, Reuters reported. Earlier in the session, at 8:50 a.m. ET, Dow E-minis were up 307 points, or 0.59%, S&P 500 E-minis were up 37 points, or 0.49%, and Nasdaq 100 E-minis were up 245.75 points, or 0.86%.
Iran's foreign ministry said on November 2 that contacts between Iran and the United States to end their eight-month war were continuing. Talks between Iranian and Qatari officials focused on a deal to end the US-Israeli war on Iran, according to Reuters.