Nasdaq Composite enters Tuesday after 1.07 percent decline
Published on 11/03/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNasdaq faces another volatile session
- The Nasdaq Composite closed November 2 at 25,164.32 points, down 1.07 percent.
- Technology and AI shares remained under pressure after the index gave up an early rally.
- Midterm election developments, AMD's results and September economic data are scheduled market catalysts for November 3.
The Nasdaq Composite enters Tuesday's US session after a renewed technology sell-off erased an early recovery attempt. The index closed Monday, November 2, at 25,164.32 points, down 272.68 points or 1.07 percent. The report is a pre-market outlook because the Nasdaq's regular trading session had not yet begun during the configured European midday slot.
Technology selling dominates the close
According to Nasdaq's official index overview, the Composite's last completed session was November 2. The decline followed a morning advance that had lifted the index by as much as 0.7 percent, but gains faded as investors continued to reduce exposure to technology and artificial-intelligence shares.
CNBC reported that Nvidia and Meta Platforms each fell 1 percent, while Apple lost nearly 2 percent ahead of its results. Marvell Technology dropped almost 13 percent and Lumentum fell 18 percent after the companies announced a 115 billion US dollar transaction under which Marvell plans to acquire Lumentum. Oracle also declined after announcing plans to raise 10 billion US dollars in common equity and 10 billion US dollars in bonds to fund its artificial-intelligence expansion.
Election and earnings risks ahead
Tuesday's focus shifts to the US midterm elections, with investors watching the vote for signals about future policy on areas including healthcare, housing and artificial-intelligence data centers. Yahoo Finance also highlighted AMD's earnings report after the closing bell. The reaction may depend not only on the latest results but also on the company's outlook for the fourth quarter, making the release particularly relevant after recent weakness in chip stocks.
Economic data adds another test
The Labor Department's September Job Openings and Labor Turnover Survey is due during the session, alongside September factory-orders data. The calendar gives investors fresh information on labor demand and manufacturing activity ahead of Friday's October employment report. Monday's stronger-than-expected ISM manufacturing reading had already shown continued expansion, but also underscored persistent price pressures.
The Nasdaq's performance will therefore depend on whether investors continue rotating away from expensive technology and AI exposures or begin to treat the recent losses as an opportunity to rebuild positions. Election headlines, AMD's guidance and the labor-market data are potential volatility drivers rather than confirmed signals for the direction of the index. Further Nasdaq Composite coverage is available on the Nasdaq Composite topic page.
