# Markets live: Wall Street sinks on AI fears, ASX on edge ahead of RBA meeting - ABC News

> Wall Street fell on Friday as AI-related stocks sold off, with the S&P 500 down 1.8% and the Nasdaq down 2.9%. Brent rose 2.4% to $117.64 a barrel and spot gold fell 3.6%, while the ASX was poised for a flat open ahead of the RBA decision.

- Date: 2026-11-01 · published 2026-11-01T21:09:12.521Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70345-markets-live-wall-street-sinks-on-ai-fears-asx-on-edge-ahead-of-rba-meeting-abc
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad risk-off moves in equities and a further rise in crude keep energy costs elevated for feed and fuel buyers. Equity weakness and a firmer oil price have limited direct grain impact, so the effect on feed prices is indirect.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/2026-11-02/asx-markets-business-live-news-nov-2/107334212

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.