What are today's top business/market headlines?

I'll pull today's top business and market headlines for you.

Today's Top Business / Market Headlines — Monday, November 2, 2026:

1. US Futures Rebound After $1 Trillion Selloff

•US stock futures edged higher on Monday as investors braced for a packed week of corporate earnings, economic data releases, and the US midterm elections.

•Specifically, Dow futures gained 0.3%, while S&P 500 and Nasdaq 100 futures each advanced approximately 0.4%. CNBC reported S&P 500 futures rose 0.3% and Nasdaq-100 futures gained 0.4%, while Dow futures added 116 points

•Comes after futures started off post-weekend trade on positive note after Friday's brutal sell-off, which wiped out more than $1 trillion in market capitalisation.

2. Friday's AI-Led Rout Still Reverberating

•US stocks fell sharply on Friday as investors reduced exposure to artificial intelligence-related companies amid renewed concerns about heavy capital spending and uncertain returns.

•The Nasdaq Composite dropped 2.86% to 25,437.00, recording its worst single-day performance since June. The S&P 500 declined 1.82% to 7,580.07, while the Dow Jones Industrial Average lost 572.25 points, or 1.09%, to close at 51,770.31.

•According to Reuters, disappointing quarterly results from Alphabet and Amazon, two of the biggest spenders on data centers, rattled the market, and Intel shares tumbled nearly 29% on Friday.

•Alphabet suffered a 12% drop on Thursday, its worst one-day decline on record, and Amazon became the third hyperscaler, after Alphabet and Meta Platforms, to report negative free cash flow. The iShares Semiconductor ETF fell 9.1% on Friday alone.

3. AI Mega-Financing Headlines Dominate

•Anthropic officially filed for its IPO this morning, SpaceX secured $40 billion in debt financing for GPUs, Meta announced plans for a $95 billion equity offering, and concerns surrounding the neocloud industry continue to intensify.

•One of the biggest developments this morning was Anthropic's public S-1 filing, officially setting the stage for its initial public offering later this year.

4. Biggest Week of Fall: Midterms, Apple Earnings, Jobs Data

•Wall Street heads into one of the busiest weeks of the fall with the AI trade on its back foot. Tuesday's U.S. midterm elections, results from Apple, AMD and Palantir, and Friday's October jobs report will all land within five trading days.

•The midterm elections is the biggest trigger for Wall Street this week as polls are suggesting a democrat sweep of both the Senate and the House.

•Earnings: Apple, Palantir, AMD, Amgen, Qualcomm, ARM Holdings, Uber, Pfizer, are some of the important results that will be reported along Monday and Wednesday, with Apple reporting numbers after Monday's market closing hours.

•Market participants are looking ahead to earnings reports from major companies, including Apple, Palantir, AMD, Pfizer, and McDonald's, among others.

•On the economic front, the closely monitored US jobs report is due this week, alongside ISM manufacturing and services data.

•Today specifically: Global Manufacturing PMI Final (Oct), US ISM Manufacturing PMI (Oct), with China’s private-sector manufacturing PMI and Eurozone Manufacturing PMI also due.

5. Macro & Central Banks

•We also have five major central banks meeting this week, including the Federal Reserve on Wednesday, followed by GDP and PCE inflation data on Thursday.

•Five major central banks are scheduled to announce interest rate decisions over the next three days, including the Federal Reserve, Bank of Canada, Reserve Bank of New Zealand, European Central Bank and Bank of Japan.

6. Commodities, Crypto & Global Markets

•Crude oil prices have also eased this morning as hopes of a diplomatic solution to the US-Iran war are still floating. Oil prices remained elevated near six-month highs — Brent crude finished Friday at approximately US$113 a barrel, while West Texas Intermediate crude traded around US$104.

•Cryptocurrencies also weakened following reports of a security breach at Binance. Bitcoin fell 2.5% to US$76,877.30, while Ethereum declined 1% to US$2,236.76.

•Australian shares are expected to open slightly lower on Monday, with S&P/ASX 200 futures indicating a decline of 4 points, as investor attention will centre on Tuesday's Reserve Bank interest rate decision.

Citations (5)

1tradingview.comData and tools
US Futures Rise as November Trading Begins
Backs: “Today's Top Business / Market Headlines — Monday, November 2, 2026: 1. US Futures Rebound After $1 Trillion Selloff. US stock futures edged higher on Monday as investors braced for a packed week of corporate earnings, economic data releases, and the US midterm elections.”
2que.comNot yet classified
Wall Street Braces for Midterms, Apple Earnings and Jobs Data After AI Selloff Sinks Nasdaq
Backs: “Specifically, Dow futures gained 0.3%, while S&P 500 and Nasdaq 100 futures each advanced approximately 0.4%. CNBC reported S&P 500 futures rose 0.3% and Nasdaq-100 futures gained 0.4%, while Dow futures added 116 points”
3tradingview.comData and tools
News by CNBC TV18 on TradingView, 2026-11-02
Backs: “CNBC reported S&P 500 futures rose 0.3% and Nasdaq-100 futures gained 0.4%, while Dow futures added 116 points. Comes after futures started off post-weekend trade on positive note after Friday's brutal sell-off, which wiped out more than $1 trillion in market capitalisation.”
4sharecafe.com.auNot yet classified
ASX set for cautious start as Wall Street tumbles ahead of RBA decision
Backs: “Comes after futures started off post-weekend trade on positive note after Friday's brutal sell-off, which wiped out more than $1 trillion in market capitalisation. 2. Friday's AI-Led Rout Still Reverberating. US stocks fell sharply on Friday as investors reduced exposure to artificial intelligence-related companies…”
5tradingview.comData and tools
AI Headlines Pile Up as Wall Street Navigates a Volatile Week
Backs: “The iShares Semiconductor ETF fell 9.1% on Friday alone. 3. AI Mega-Financing Headlines Dominate. Anthropic officially filed for its IPO this morning, SpaceX secured $40 billion in debt financing for GPUs, Meta announced plans for a $95 billion equity offering, and concerns surrounding the neocloud industry continue…”