Tech shares rebound as oil prices fall

AI · First reported 2 Nov, 05:18 · Updated 06:07

Image: Wikimedia Commons · NASA Earth Observatory image by Lauren Dauphin, using Landsat data from the U.S. Geological Survey. Story by Adam Voiland. · Public domain

US and Asian tech stocks recovered as oil prices declined, following a sharp sell-off. The supplied coverage also notes that market direction may depend on energy prices and the US midterm election.

The Nasdaq and S&P 500 rose at Monday’s market open, after the Nasdaq fell 3.5% on Friday.
Asian markets were mixed: South Korea’s index, Hong Kong’s Hang Seng and Shanghai’s Composite rose, while Japan’s Nikkei fell.
Brent crude fell 6.9% to $106.4 a barrel; analysts were awaiting the US midterm election on Tuesday.

Summary written by Lux AI from 2 articles

Key facts

Nasdaq at Monday open: Up 1.2%.
S&P 500 at Monday open: Up 0.7%.
Nasdaq Friday decline: Down 3.5%; the report calls it the index’s worst month in over a year.
Brent crude: Down 6.9% to $106.4 per barrel.