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Tuesday, 3 November 2026

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Wall Street Splits as Chip Sell-Off Outweighs Oil-Price Relief

The S&P 500 and Nasdaq fell as chipmakers slid, even as most S&P sectors advanced and the Dow benefited from a broader rotation.

By TLA AI Editor3 min read

New York, United States, 3 November 2026 – US stocks finished Monday’s 2 November session divided, as semiconductor losses outweighed relief from lower oil prices. The S&P 500 fell 0.51% to 7,541.40 and the Nasdaq Composite lost 1.07% to 25,164.32, while the Dow Jones Industrial Average rose 0.41% to 51,983.98.

For Asian investors, the split matters because technology, energy and consumer businesses face different effects from the same market developments. Lower crude prices may ease costs for some companies, while doubts about artificial-intelligence spending can pressure chip-related valuations. Those are channels to assess, not a prediction that Asian markets will copy Wall Street’s closing direction.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.