Dow Jumps 1,104 Points as Oil Slides and AI Stocks Rebound on Wall Street

Wall Street rallied on Monday, November 9, 2026, and won back most of last week's losses as oil prices swung lower and buyers returned to beaten down technology shares. The S and P 500 jumped 173.08 points, or 2.3 percent, to close at 7,549.94. The Dow Jones Industrial Average leaped 1,104.02 points, or 2.2 percent, to 52,389.75, and the Nasdaq Composite rose 673.71 points, or 2.7 percent, to 25,253.14.

Oil slide lifts the whole market

Stocks got a broad lift from a 5.8 percent drop in Brent crude, which fell to 92.57 dollars a barrel. Brent has come down from more than 112 dollars at the start of the month while traders weigh the war with Iran and the state of talks with Tehran. President Donald Trump told CNN over the weekend that a resumption of strikes is "highly unlikely" if the United States sees progress in negotiations. Secretary of State Marco Rubio said on Sunday that Iranian demands for ending the war had sometimes been "outrageous and ridiculous."

Monday was the second straight gain for the S and P 500 after last week's sell-off, which was driven by worries that Democratic victories in the midterm elections could slow the construction of AI data centers. It was the best day for the index since April, and the close left it 3.4 percent below the all-time high it set last month.

Power and chip shares lead, Nvidia falls

Strong profit reports helped the rally. Constellation Energy climbed 10.5 percent after the power company reported profit and revenue for the summer that topped analysts' expectations. The company has been winning deals to power data centers for big technology firms.

Other stocks tied to the AI build-out also rebounded. Advanced Micro Devices rose 13.3 percent and recovered the 11 percent it lost last week. CoreWeave climbed 5.6 percent after tumbling 15.4 percent last week.

Nvidia moved the other way and fell 4.3 percent, even as the wider chip sector rose. The company's board has opened an independent investigation into reports that chief executive Jensen Huang was targeted by foreign intelligence, a story Orbit Post reported earlier on Monday. The board said it has no reason to believe national security or company secrets were compromised.

Bonds steady, overseas markets mixed

In the bond market, Treasury yields held steady after big moves last week. The yield on the 10-year Treasury inched up to 4.87 percent from 4.86 percent late on Friday, well below the peak above 5.30 percent it reached last month.

Overseas, indexes rose across much of Europe and Asia. France's CAC 40 rose 1.2 percent and Japan's Nikkei 225 jumped 2.3 percent, while South Korea's Kospi fell 0.8 percent. Traders now turn to the October consumer price report, due Tuesday at 8:30 a.m. Eastern, for the next read on inflation and the path of interest rates.