{"id":74030,"date":"2026-11-02T17:07:14","date_gmt":"2026-11-02T21:07:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-ai-sectors-edge-higher-as-apple-earnings-loom-on-a-busy-monday\/74030\/"},"modified":"2026-11-02T17:07:14","modified_gmt":"2026-11-02T21:07:14","slug":"tech-and-ai-sectors-edge-higher-as-apple-earnings-loom-on-a-busy-monday","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-ai-sectors-edge-higher-as-apple-earnings-loom-on-a-busy-monday\/74030\/","title":{"rendered":"Tech and AI Sectors Edge Higher as Apple Earnings Loom on a Busy Monday"},"content":{"rendered":"

The U.S. stock market opened the first week of November with a cautious but positive tone on Monday, November 2nd, 2026. Investors are navigating a dense thicket of corporate earnings and bracing for a week characterized by significant economic data and the shadow of upcoming central bank policy discussions. Technology and AI-related themes continued to lead the charge, providing a modest lift to the broader market as the Q3 earnings season enters its most critical phase.<\/p>\n

Major Market Indexes Performance<\/h2>\n

As of the mid-afternoon session, the major market indexes are showing slight gains, led primarily by the tech-heavy Nasdaq. The Invesco QQQ Trust (QQQ<\/a>), which tracks the Nasdaq 100, is currently up 0.28%, reflecting continued appetite for growth-oriented technology stocks. The State Street SPDR S&P 500<\/a> ETF Trust (SPY<\/a>) is trailing slightly with a gain of 0.13%, while the blue-chip heavy State Street SPDR Dow Jones<\/a> Industrial Average ETF Trust (DIA<\/a>) remains nearly flat, up just 0.03%.<\/p>\n

The small-cap segment, represented by the iShares Russell 2000 ETF (IWM<\/a>), is seeing a modest uptick of 0.05%. In the fixed-income market, long-term yields are seeing a slight adjustment, with the iShares 20+ Year Treasury Bond ETF (TLT<\/a>) down 0.14%. Meanwhile, market volatility remains subdued, as evidenced by the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX<\/a>) dropping 0.15%.<\/p>\n

Sector Highlights and Corporate News<\/h2>\n

The day's standout performer is the Global X Uranium<\/a> ETF (URA<\/a>), which surged 2.21% following renewed global interest in nuclear energy as a clean power source for massive data centers. Closely following is the iShares A.I. Innovation and Tech Active ETF (BAI<\/a>), up 1.65%, as investors continue to bet on the long-term productivity gains from artificial intelligence.<\/p>\n

In individual stock news, the semiconductor space is seeing mixed results. The VanEck Semiconductor ETF (SMH<\/a>) is up 0.38%. Micron<\/a> Technology, Inc. (MU<\/a>) is trading 0.7% higher on heavy volume, while Marvell Technology, Inc. (MRVL<\/a>) has retreated 2.6%.<\/p>\n

Among premarket movers<\/a>, Inovio Pharmaceuticals, Inc. (INO<\/a>) witnessed a massive spike of 231.2%, and EVgo Inc. (EVGO<\/a>) climbed 44.8% on significant volume. On the downside, Bright Minds Biosciences Inc. (DRUG<\/a>) fell 47.0% following recent clinical updates.<\/p>\n

Upcoming Market Events and Earnings<\/h2>\n

The spotlight of the day remains firmly on the "after-the-close" earnings reports. The most anticipated release comes from Apple Inc. (AAPL<\/a>), which is expected to report its Q4 2026 results at 4:30 PM ET. Analysts are looking for an EPS of $1.99 on revenue of approximately $113.4 billion. Apple's performance and its guidance regarding AI integration in the iPhone lineup will likely set the tone for the market tomorrow.<\/p>\n

Other notable companies reporting after the close today include:<\/p>\n