World Markets Bounce as Europe Opens Higher and US Futures Rise

Updated 21:36 UTC: Final closing figures replaced the preliminary data in the update below. The Dow Jones Industrial Average rose 1,104.02 points, or 2.15 percent, to close at 52,389.75, The Wall Street Journal reported. The S and P 500 gained 173.08 points, or 2.35 percent, to 7,549.94, and the Nasdaq Composite rose 673.71 points, or 2.74 percent, to 25,253.14. Barron's said the S and P 500 had its best day since April 8. Nvidia closed down 4.3 percent at 178.67 dollars, the only big technology name to fall, as investors weighed the board investigation involving chief executive Jensen Huang. United States crude futures fell 4.4 percent to 86.85 dollars a barrel, their lowest close since August, the Journal reported. The next test is the October consumer price index on Tuesday. This update is information only and is not investment advice.

Updated 21:25 UTC: United States stocks closed sharply higher on Monday, completing the rebound from last week's slide. According to preliminary data reported by Reuters, the S and P 500 gained 172.97 points, or 2.34 percent, to end at 7,549.83, the Nasdaq Composite gained 671.13 points, or 2.73 percent, to 25,250.55, and the Dow Jones Industrial Average rose 1,104.20 points, or 2.16 percent, to 52,394.36. TipRanks reported the same closing gains, with the Dow up 2.16 percent, the S and P 500 up 2.34 percent and the Nasdaq Composite up 2.74 percent. Nine of the 11 major S and P 500 sectors gained more than 1 percent, with industrials and consumer discretionary up about 4 percent each, Reuters said. The Philadelphia Semiconductor Index jumped about 7 percent after falling more than 12 percent last week, and Nvidia was the only decliner in the index, hitting its lowest intraday level since March 31 as investors weighed the board investigation involving chief executive Jensen Huang. Reuters said the drop in oil prices eased inflation fears after President Donald Trump downplayed the likelihood of renewed strikes on Iran, and TipRanks put West Texas Intermediate crude down 4 percent at 86 dollars a barrel and Brent crude down 6 percent at 92 dollars. The next test is the October consumer price index on Tuesday, with the producer price index due Friday. This update is information only and is not investment advice.

Updated 20:31 UTC: Europe closed higher and oil ended the day sharply lower. The Euro Stoxx 50 ended up 119.96 points, or 1.94 percent, at 6,290.45, up from 6,170.49 at the previous close, Dow Jones reported via Morningstar. The close snapped a two day losing streak and was the highest close for the index since September 29. Banks led the close. UniCredit climbed nearly 7 percent after its earnings report, Banco BPM rallied 10.7 percent, and Santander, BBVA and Deutsche Bank gained between 2.5 and 3.5 percent, while AI infrastructure shares rebounded from Friday's selloff. West Texas Intermediate fell 5.05 percent to 86.24 dollars a barrel, down from 90.83 dollars. Reuters reported Brent crude down 4.57 dollars, or 4.65 percent, to 93.75 dollars a barrel by 1704 GMT, with WTI down 3.51 percent to 87.64 dollars at that point, after President Donald Trump downplayed the likelihood of renewed strikes on Iran while talks to end the conflict progressed. Reuters said attacks on ships near the Strait of Hormuz kept supply concerns in focus, and that Brent had plunged 16 percent last week, its steepest weekly drop since the start of the COVID-19 pandemic. The next test for the rebound is United States consumer price data on Tuesday. This update is information only and is not investment advice.

Updated 15:56 UTC: United States stocks extended their morning rebound about an hour and a half into the session, with all five tracked indexes higher in intraday trading. The Nasdaq 100 stood at 27,869.61, up 3.26 percent, and the Nasdaq Composite was at 25,256.13, up 2.75 percent. The S and P 500 was at 7,537.70, up 2.18 percent, a bigger gain than the rise of about 1.3 percent in the 14:40 UTC open snapshot carried earlier in this report. The Russell 2000 was at 2,815.04, up 2.21 percent in a quote timed 15:41 UTC, and the Dow Jones Industrial Average was at 52,191.17, up 1.77 percent. Seeking Alpha reported independently at 15:53 UTC that the Nasdaq 100 had climbed 3 percent and the Nasdaq Composite had risen 2.5 percent in a broad technology rebound, even as Nvidia fell. Brent crude was down 3.41 percent at 94.97 dollars a barrel at 15:46 UTC, and CNBC reported that stocks were boosted by the decline in oil prices as traders watched technology shares after last week volatility. Within the S and P 500, consumer discretionary led the sectors with a gain of 3.30 percent, while consumer staples was the only sector lower, down 0.18 percent. These figures are intraday snapshots measured against the prior session closes, not closing levels. The next scheduled test is the October consumer price index from the US Bureau of Labor Statistics on Tuesday, Nov 10, at 13:30 UTC. This update is information only and is not investment advice.

Updated 14:45 UTC: United States stocks pushed higher in morning trading as buyers returned after last week's steep slide. Meta rose 6.32 percent to 643.34 dollars, up from 605.08 dollars at the previous close. Amazon rose 5.45 percent to 274.40 dollars, up from 260.21 dollars. Alphabet rose 4.21 percent to 294.46 dollars, up from 282.57 dollars. Investopedia reported the Dow Jones Industrial Average up 1.1 percent, or nearly 600 points, the S and P 500 up 1.3 percent and the Nasdaq Composite up 1.6 percent, with Amazon and Meta each up about 5 percent in early trading and Nvidia the only member of the Magnificent Seven losing ground. Reuters said United States stock index futures attempted a recovery on Monday as investors hunted for bargains following a steep slide in equities last week, while awaiting more clarity on the controversy surrounding Nvidia chief executive Jensen Huang. The next test for the rebound is United States consumer price data on Tuesday. This update is information only and is not investment advice.

Updated 14:10 UTC: The Euro Stoxx 50 rose 1.63 percent to 6,271.07, up from 6,170.49 at the previous close, as the morning gain strengthened into the afternoon. Reuters reported that banks led European shares higher, with the pan-European STOXX 600 up 0.5 percent to 651.38 by 09:26 GMT and the Euro Stoxx banking index up 1.6 percent. Banco BPM jumped 10 percent after Credit Agricole proposed merging its Italian business with the lender to create Italy's third largest bank. UniCredit gained 5.2 percent after a 24 percent rise in third quarter profit and a higher full year goal, and Commerzbank rose 2.8 percent. The Dow Jones midday briefing, carried by Morningstar, said banking and technology shares gained after last week's rough trading, and oil prices slipped after President Donald Trump played down new strikes on Iran. Traders now wait for United States consumer price data on Tuesday and euro zone growth figures later this week, Reuters reported. This update is information only and is not investment advice.

World shares and United States futures advanced on Monday, November 9, as artificial intelligence stocks recovered some of the ground lost in last week's selloff. In early European trading, Germany's DAX climbed 0.6 percent to 25,974.42, the CAC 40 in Paris rose 0.4 percent to 8,168.36 and Britain's FTSE 100 gained 0.4 percent to 10,720.81, the Associated Press reported. The future for the S and P 500 was up 0.3 percent and the Dow Jones Industrial Average future climbed 0.6 percent.

Miners led the London market. The FTSE 100 was up 0.40 percent at 08:24 GMT as metal prices rose, ADVFN reported, with Endeavour Mining up 3.3 percent among the biggest gainers. Spot gold rose 0.51 percent to 4,091.37 dollars an ounce. Oil moved the other way: Brent crude futures for January fell nearly 2 percent to 96.39 dollars a barrel and West Texas Intermediate for December dropped 1.4 percent to 89.51 dollars, as traders weighed the chance of progress in talks between the United States and Iran.

The Nvidia drag

The mood stayed fragile. Reuters reported that world stocks nudged up from six month lows, but Nvidia shares fell just over 4 percent in pre market trading after the internal investigation into whether chief executive Jensen Huang had been targeted by a foreign intelligence effort put his future under scrutiny. Nasdaq futures were flat after trading negative earlier. The MSCI index of Asia Pacific shares outside Japan rose 1.25 percent after sliding 4.6 percent last week, and the MSCI World index was up 0.4 percent. The dollar index eased 0.3 percent to 101.88, after its biggest one day gain since June on Friday.

Asia set the tone

Asia closed higher before Europe opened, as The Orbit Post reported earlier today. Tokyo's Nikkei 225 closed up 2.33 percent at 58,775.50. Taiwan's Taiex led the region with a 4.9 percent jump, the Associated Press reported, as chipmaker TSMC surged 4.7 percent. Regional technology shares took their lead from Friday in New York, where AI stocks steadied after worries that Democratic midterm wins could slow data centre construction, particularly in Texas.

On Friday, the S and P 500 rose 0.3 percent, trimming its loss for the week to 2.7 percent, its worst week since President Donald Trump shook markets in April 2025 with his Liberation Day tariffs. Nvidia gave the index its biggest lift on Friday, rising 2.8 percent after falls of 9.3 percent and 3.2 percent in the two sessions before.

What is next

The week's tests come quickly. Federal Reserve speakers are scheduled through Monday, and United States consumer price data follows on Tuesday. Earnings from CoreWeave, Applied Materials and Cisco Systems this week will test whether AI spending is turning into profit, Reuters reported. Market figures in this report are the levels the cited outlets reported at the times stated. This report is information only and is not investment advice.