Bitget UEX Daily Report | Oil Prices Plunge Over 7%; Tech Stocks Rebound and Break Key Levels; Apple and Palantir Report Growth in Earnings

Oil prices slumped more than 7% on November 2, with WTI December crude settling at $96.46/barrel (down ~7.4%) and Brent January 2027 settling at $104.77/barrel (down ~7.6%), as US-Iran diplomatic contact news prompted markets to reassess Middle East supply risk premiums. US October ISM Manufacturing PMI rose to 55.5 from 54.5, a tenth straight month of expansion, with the prices index easing to 75.2 from 77.9, though still-elevated input costs argue against a clear monetary policy pivot. In crypto, BTC fell 1.42% to ~77,206 USDT and ETH slipped 1.10% to ~2,260 USDT, with total crypto market cap down 2.64% to ~$2.61 trillion; Strategy disclosed buying 811 BTC for ~$65.5 million (average ~$80,846 including fees) during October 26–November 1 and repurchasing ~$208.2 million of STRC. US equities split, with the Dow up while the S&P 500 and Nasdaq fell, as Oracle dropped 8.76% to $119.22 on a $20 billion financing plan ($10 billion common stock plus $10 billion senior bonds) and Marvell fell 12.72% on a large all-stock acquisition. After the close, Apple reported fiscal Q4 2026 revenue of $114.5 billion (+12% YoY) with diluted EPS of $2.10 (+14% YoY) and a 47.9% gross margin (including ~1 point from tariff refunds), while Palantir posted Q3 revenue of $2.313 billion (+96% YoY) with US commercial revenue of $984 million (+148% YoY) and raised full-year guidance to $8.5