Nasdaq-100 falls 1.4% as Microsoft falls 3%; US jobs report on Friday
Closes for Monday 2 November: the Nasdaq-100 fell 1.39% and the S&P 500 fell 0.51%. Plus the week’s scheduled releases.
Checked before publishing: software matched every figure in this piece to the data it came from (Yahoo Finance daily closes (delayed); FRED, Federal Reserve Bank of St. Louis; ECB euro foreign exchange reference rates; SEC EDGAR; Official release calendar). How we check
Written by software from the data shown, at 01:43 ET on 3 November 2026. Not edited before publication. How this is made
Closes, filings and official calendars
The Sunday email. The Weekly Close: last week’s markets, biggest movers, decisions and data, then the week ahead with times in ET, and posts worth reading. Free.
The Nasdaq-100 closed Monday 2 November at 27,989.82, down 395.03 points or 1.39%. The S&P 500 fell 0.51% to 7,541.40, compared with Friday’s close.
Largest US stocks
Of the eight mega-cap stocks we follow (Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta, Broadcom and Tesla), two closed higher on Monday. Amazon gained the most, 2.20% to $245.63, and Microsoft fell the most, 2.83% to $507.12.
Futures, crypto and the euro
E-mini S&P 500 front-month futures closed at 7,574.50 on Monday. WTI crude futures closed at $96.46 a barrel and Comex gold futures at $3,969.60 an ounce on Monday. Bitcoin ended the UTC day of 1 November at $78,248, up 1.05%. Ether ended the same day at $2,273, up 0.90%. The European Central Bank’s euro reference rate was $1.1216 per euro on 2 November.
Rates
The 10-year Treasury yield was 4.94% and the 2-year 4.56% on 30 October. The 10-year real yield was 2.60% (30 October) and 10-year breakeven inflation 2.29% (2 November). The effective fed funds rate was 3.88% on 30 October, inside the Fed’s 3.75–4.00% target range.
What a normal day looks like
The S&P 500’s 20-day realized volatility, from daily closes to 2 November, was 11.5% a year. At that rate one standard deviation of daily movement is about ±55 points (7,541.40 × 11.5% ÷ √252). About two days in three have historically stayed inside that range; realized volatility looks back, not forward, and real markets have fatter tails than this arithmetic assumes.
New filings
Filed with the SEC since our last note, as listed on EDGAR:
- Apple Inc. (2 November): Form 8-K: Item 2.02 Results of Operations and Financial Condition; Item 9.01 Financial Statements and Exhibits.
Coming up
US releases and decisions scheduled in the seven days from Tuesday 3 November, from the official calendars:
- Today, Tue 3 Nov, 10:00 AM ET: JOLTS job openings (BLS).
- Thu 5 Nov, 08:30 AM ET: Weekly jobless claims (Department of Labor).
- Fri 6 Nov, 08:30 AM ET: Employment Situation (NFP & unemployment rate) (BLS).
- Tue 10 Nov, 08:30 AM ET: Consumer Price Index (CPI) (BLS).
- Some prop firms restrict trading around these releases; each firm’s rule and its source are on our prop-firm pages.
Sources
The Sunday email. The Weekly Close: last week’s markets, biggest movers, decisions and data, then the week ahead with times in ET, and posts worth reading. Free.
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Sources: Yahoo Finance daily closes, delayed (^NDX, ^GSPC, NVDA, AAPL, MSFT, AMZN, GOOGL, META, AVGO, TSLA, ES=F, CL=F, GC=F, BTC-USD, ETH-USD); FRED (DGS10, DGS2, DFII10, T10YIE, EFFR, DFEDTARL/U); ECB euro reference rates; SEC EDGAR; official release calendars (Federal Reserve, BEA, BLS, Department of Labor). The daily range is our calculation from 20-day realized volatility of S&P 500 closes. General market information, not investment advice.
Note: Articles and community posts on PYE Markets are for educational and informational purposes only and are not financial advice.
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