US stocks end mixed as AI worries fade a rally and oil drops on Iran talk hopes

Hopes for US-Iran talks sent oil to its sharpest drop in three months, while worries about AI spending faded a morning rally.

By Marcus Rodriguez · Nov 3, 2026, 12:50 AM EST

Why it matters: Oil's sharpest drop in three months wasn't enough to keep worries about AI spending from fading Monday's rally, even as most S&P 500 stocks rose.

For information only, not investment advice.

US stocks ended mixed Monday as a morning rally faded on growing worries about AI spending, AP reported. Oil had its sharpest drop in three months on hopes for US-Iran talks, per NBC News, and most S&P 500 stocks still rose.

Sources

More drops for AI and tech stocks overshadow gains for most of Wall Street, Associated Press (via Los Angeles Times)
Oil prices slide in biggest drop since July on hope for more Iran talks, NBC News

Tags: markets-moves · ai · energy

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