US Stocks Edge Up as Oil Eases Ahead of Election Vote

Quick Answer: US stocks ended mostly higher as crude oil fell on revived talk of a US-Iran peace deal, easing energy costs. The tech-heavy Nasdaq enjoyed a positive session after three straight declines, while Apple shed 1.9% despite forecast-topping sales. For Bursa Malaysia investors, the session shows how oil prices and AI spending are steering global sentiment ahead of Tuesday’s US vote.

US stocks ended mostly higher as traders waited for election results. The rebound followed several sessions of losses.

This report covers Wall Street and Asian markets. It does not cover Bursa-listed companies, so no Bursa share prices are quoted here.

What Moved US Stocks on Monday?

US stocks end mostly up as markets await election results — Wall Street steadied after several sessions of losses, led by the Nasdaq.

The Nasdaq enjoyed a positive session after three straight declines. Stocks recovered from a bearish afternoon reversal the previous day.

The rebound came as the odds of a blue sweep rose during the session.

US Stocks Edge Up as Oil Eases Ahead of Election Vote — Photo: Free Malaysia Today

Why Did Crude Oil Drive the US Stocks Recovery?

Crude prices fell sharply on Monday on revived talk of US-Iran peace prospects. They fell modestly hours later after Trump insisted a deal with Tehran “could happen”.

Traders also cited unconfirmed Middle East media reports saying progress had been made on Iran’s nuclear programme and frozen funds.

Lower energy costs helped Wall Street steady. Energy prices remain a key driver of sentiment across global markets.

Can Democrats Win Congress and Lift Stocks?

Americans vote Tuesday, with Democrats hoping to seize control of Congress. The vote is a nationwide judgement on Trump’s second term.

The mood has turned sharply against Republicans amid anger over soaring living costs and the war against Iran.

Jose Torres of Interactive Brokers said equities advancing on likely Democratic control of both chambers “signals that a near-term bottom could be behind us”. He added that an overall flip was the most feared outcome.

Why Are Big Tech AI Spending Plans Under Watch?

Earnings from Amazon, Alphabet, Meta and Microsoft show plans to keep pouring hundreds of billions of dollars into data centres and chips. Investors are growing impatient for returns.

Apple posted forecast-topping sales and profits on Monday. It warned that rising memory chip costs would hit profit margins in the coming months, and its shares shed 1.9%.

Nvidia, AMD and AI data centre operator CoreWeave climbed. Investors tracking AI infrastructure may find the split between chip designers and device makers worth monitoring. For screening AI-driven ideas, see AI Stock Analysis for Malaysians.

How Did Asian and European Markets React?

SK Hynix and Samsung tumbled in South Korea, dragging the Kospi index down more than 3%. Shanghai also lost ground, while Hong Kong edged up.

Tokyo was closed for a holiday. In Europe, most indices ended little changed.

London’s FTSE fell under the weight of oil and gas firms BP and Shell. Patrick Munnelly at Tickmill said a sharp fall in crude, triggered by Trump’s remarks on overseas financial support, put heavy pressure on index energy heavyweights.

Key Takeaways

US stocks ended mostly higher, with the Nasdaq rebounding after three straight declines.
Crude oil fell on revived US-Iran peace talk, easing energy cost pressure.
Apple shed 1.9% after warning that memory chip costs will weigh on margins.
The Kospi fell more than 3% as SK Hynix and Samsung tumbled.

Disclaimer: This article is for information only and is not investment advice. Do your own research before making any investment decision, and consult a licensed adviser if needed.

Frequently Asked Questions

Why did US stocks end higher on Monday?

US stocks ended mostly higher as crude oil fell on revived US-Iran peace talk. The Nasdaq enjoyed a positive session after three straight declines.

Why did Apple shares fall despite strong sales?

Apple shares shed 1.9% after the company posted forecast-topping sales and profits. It warned that increasing memory chip costs would hit its profit margins in the coming months.

Why did oil prices fall on Monday?

Crude prices fell sharply on revived talk of US-Iran peace prospects. Traders also cited unconfirmed Middle East media reports of progress on Iran’s nuclear programme and frozen funds.

Which Asian market fell the most in this session?

South Korea’s Kospi index fell more than 3%, dragged by SK Hynix and Samsung. Shanghai also lost ground, while Hong Kong edged up.

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