Explained - Why Dow Jones, Nasdaq fell as much as 750 points from the highs on Monday
CNBC-TV18 2 hrs ago·2 Nov 2026, 11:26 pm
Major US indices experienced a sharp pullback on Monday, with the Dow Jones Industrial Average and the Nasdaq Composite dropping over 750 points from their recent peaks. This significant decline was driven primarily by a broad-based selloff in technology stocks, which weighed heavily on the market's performance.
The sharp drop in tech shares overshadowed other market-moving news, including a notable decline in oil prices. Brent crude fell by 8%, its largest drop in three months, likely fueled by rising hopes for a potential diplomatic resolution between the US and Iran. For investors, this highlights the market's sensitivity to shifts in risk sentiment and global geopolitical developments.
Investors should monitor the upcoming trading session to see if the selling pressure continues or if the market stabilizes. Key focus areas include the performance of tech giants and any further updates regarding the US-Iran situation, as these factors will likely drive volatility in the near term.
Excerpt from CNBC-TV18
Published On Nov 3, 2026 | 04:56 IST Last Updated On Nov 3, 2026 | 04:56 IST The sell-off in tech stocks overshadowed rising hopes of a potential deal between the US and Iran, resulting in an 8% drop in Brent crude oil prices, the most in three months. Benchmark indices on Wall Street reversed course after starting…Read the original at CNBC-TV18
Key takeaways
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
