Dusseldorf. Investors are starting the new trading week with positive signs. In addition to other figures, the week is also driven by the US midterm elections, which are relevant to issues for investors.
The Dow Jones of standard values gained 0.8 percent to 52,181 points.
The more broadly diversified S&P 500 gained 0.6 percent and was trading at 7,622 points.
The Nasdaq technology exchange is trading at 25,658 points, an increase of 0.8 percent.
The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, gained 0.7 percent to 28,577 points.
Investors on Wall Street sold heavily on Friday. In particular, the technology-heavy Nasdaq lost massively. Disappointing quarterly figures from several tech companies triggered the wave. For the Nasdaq, October was the worst month in 1.5 years with a total loss of 5.3 percent. The Philly Semiconductor Index also fell by 15.3 percent - driven by a forecast correction by chip manufacturer Intel, whose shares had halved their value within two days.
“Investors remain willing to buy dips, but confidence in the technology sector is fragile after a weak October,” said Daniela Hathorn, senior market analyst at capital.com. The further tech results are now crucial.
The evening after the stock market closes, Apple presents its quarterly figures. It was only on Friday that Apple overtook its rival, the chip company Nvidia, in the race for the most valuable stock market company. The group was still weak in June, but since then the shares have gained around a quarter. That corresponds to around a trillion dollars in market value. “Apple’s figures are particularly important because, compared to its competitors, the company is only affected to a relatively limited extent by the large-scale expansion of its AI infrastructure,” says Hathorn.
However, these figures are unlikely to provide an answer as to whether AI investments can ensure sufficient profitability in the future. Investors are therefore likely to be particularly excited about the planned IPOs of OpenAI and Anthropic. Anthropic's prospectus, which the company submitted last week, shows clear risks.
Accordingly, Anthropic spent around $8.9 billion on computing power in the first half of 2026 - significantly more than in the entire year of 2025. Some commitments totaling $500 billion run until 2045. Around 80 percent of these commitments cannot be canceled or must be fulfilled regardless of actual use. Anthropic wants to go public this year, OpenAI could follow at the beginning of the year.
Most of the US Congress will be re-elected on Tuesday. This could also impact Wall Street. Because many issues relevant to the financial market depend on one of the two parties. At the same time, new governors will be elected in 36 states.
Data center projects worth $2.5 trillion are at stake in ten states. Local resistance to new data centers had recently increased. If the Democrats win in these regions, which are primarily governed by Republicans, projects could be delayed.
This in turn could increase the uncertainty surrounding artificial intelligence (AI) even further. “Ultimately, we expect that the political situation will make AI expansion increasingly difficult and that the costs for the companies involved will rise,” writes Libby Cantrill, US policy expert at Pimco. “The mood towards data centers is extremely bad.”
Investors' fears of a new wave of US attacks on Iran were initially unfounded. Last week, oil prices rose to up to $114 per barrel (159 liters) after tankers were attacked again. Qatari representatives met with those of Iran at the weekend, but Iran initially ruled out a meeting with US diplomats.
Donald Trump had announced that he would not launch another attack on Iran before the midterms, but nervousness in the oil markets had nevertheless increased. On Monday, a barrel of Brent oil for delivery in January cost $106.44, more than six percent less than on Friday.
Apple: The tech company presents figures in the evening after the stock market closes. In advance, the shares are down around one percent.
Marvell: The chip manufacturer wants to acquire fiber optic and laser specialist Lumentum. The company is currently valued at around $115 billion. This would make it one of the largest takeovers in economic history. Marvell shares still lost 5.2 percent, Lumentum shares lost around ten percent.
Oracle: The cloud provider wants to issue new stocks and bonds worth $20 billion. The proceeds are intended to help finance ongoing business operations, which may include capital expenditures and dividend payments, Oracle said. Just a few days ago, Oracle announced new investment plans to finance its investments in AI infrastructure. The stock falls by almost six percent.
