US Equity Markets Mixed as Technology Sell-Off Continues, Crude Oil Prices Dip

04:15 PM EST, 11/02/2026 (MT Newswires) -- US equity indexes were mixed Monday amid declining crude oil prices and continued sell-off in the technology sector. * Iran's President Masoud Pezeshkian said the country's supreme leader further empowered the government to pursue peace talks, as US President Donald Trump hinted at progress in negotiations, Bloomberg reported. * The Institute for Supply Management's US manufacturing index rose to 55.5 in October from 54.5 in September, versus expectations for no change in a Bloomberg-compiled survey. * The S&P Global US manufacturing index for October was revised down to 54.9 from a flash reading of 56.0, compared with expectations for no revision in a survey compiled by Bloomberg. * December West Texas Intermediate crude oil fell $8.39 to $95.73 per barrel, while January Brent crude, the global benchmark, was last seen down $9.61 at $103.82. * Idexx Laboratories (IDXX) shares rose roughly 22%, the top gainer on the S&P 500 and Nasdaq, after the company posted Q3 results that topped Wall Street estimates and raised its 2026 outlook. * Marvell Technology (MRVL) has agreed to buy optical and photonic products maker Lumentum (LITE) in an all-stock deal worth about $115 billion. Marvell shares fell nearly 13% and Lumentum dropped over 18%, the two biggest decliners on the S&P 500 and Nasdaq.