Stock markets bounced back on Monday 9 November 2026 after last week's AI-led sell-off. Oil fell sharply after US President Donald Trump said on Sunday that new US strikes on Iran were highly unlikely while talks make progress, and cheaper oil eased fears about inflation and a Federal Reserve rate hike. Nvidia was the big exception: its shares fell after its board opened an investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort. On our MT5 feed the Nasdaq 100 (USTEC) is at 27,948.10, +3.51% over 24 hours, and Brent is at $94.63. The US cash session closes at 00:00 Mecca time, and the October inflation report follows on Tuesday.
What happened
Monday's rebound followed a hard week. These are the key steps, in Mecca time:
US stocks had their biggest weekly drop since April 2025. The Democrats' sweeping win in the 3 November midterm elections fed worries that new rules could hurt the AI trade. Brent crude had its steepest weekly fall since April 2020.
President Trump said new US attacks on Iran were "highly unlikely" to be needed as long as talks to end the conflict make progress. The same day, Nvidia said its board had opened an independent investigation linked to CEO Jensen Huang.
Japan's Nikkei 225 closed sharply higher in Tokyo as chip stocks recovered from last week's losses.
Brent crude futures fell to their lowest level since early September, even though both the United States and Iran reported ships hit in or near the Strait of Hormuz.
Wall Street opened higher and extended its gains. Chipmakers rebounded and Tesla rose, but Nvidia fell.
Why Nvidia fell while the market rose
Nvidia's board opened an independent investigation after reports that Jensen Huang had been the target of a foreign intelligence effort. The reports concern his relationship with a businesswoman linked to an Nvidia partner company, whom US intelligence officials are reported to regard as a Chinese spy.
In a letter to employees, Huang admitted he had not been faithful to his wife. He said: "I support the investigation and will cooperate fully." The board said it has no reason to believe that national security or Nvidia secrets were compromised, but that its inquiry will examine all available information.
Nvidia is one of the most valuable companies in the world and a heavy weight in the Nasdaq and S&P 500. That is why its fall stood out on a day when almost everything else rose. Nvidia (NVIDIA) is at $177.24 on our feed.
Why cheaper oil lifted stocks
Oil is the link between the Iran war and interest rates. High oil prices push up inflation, and October's stronger-than-expected US jobs data had already raised fears that the Federal Reserve could hike rates in December.
When Trump played down new strikes on Iran, oil lost part of its war premium. Lower oil eases inflation worries, which reduces pressure on the Fed and helps shares, especially growth and technology stocks. The risk has not gone away: ships are still being hit near Hormuz, and the US October inflation report comes out on Tuesday.
Stocks and oil on our feed
The Nasdaq 100 (USTEC) is at 27,948.10 on our MT5 feed: +3.51% over 24 hours and −1.83% over five days, in a five-day range of 26,267.55 to 28,545.45. The S&P 500 (US500) is at 7,569.60 (+2.52%) and the Dow Jones (DJ30) moved +2.39%.
Tesla rose +6.28% to $380.46. On Friday Tesla said it will end Cybertruck production around mid-2027 to make room at its Texas factory for the Cybercab robotaxi. On Monday Elon Musk said Cybertruck orders far exceed production, and Tesla said robotaxi rides start this week in San Antonio.
Brent (UKOIL) fell −6.35% to $94.63, and WTI (USOIL) is at $86.22 (−4.99%). Gold moved +1.69% to $4,138.79, and silver moved +2.86%.
The Nasdaq 100, the S&P 500, Nvidia and Brent over the same five days. The gap between Nvidia and the index shows how far the stock has lagged the market:
Beyond Wall Street
The rebound was global. Japan's Nikkei 225 (JP225) moved +4.39% on our feed and Germany's DAX (GER30) moved +3.06%.
In Latin America, Mexico's stock market rose for a fifth session in a row on Monday and reached an all-time high.
Scenarios for the week
- Soft inflation, calm oil: if Tuesday's CPI comes in below forecasts and oil stays lower, markets may scale back December rate-hike bets and the rebound in stocks could extend.
- Hot inflation: if CPI comes in above forecasts, rate-hike fears may return, which could weigh on technology stocks and support the US dollar.
- Nvidia shock: if the board's investigation widens or raises questions about Huang's role, Nvidia's weight in the indices may drag on the Nasdaq even if the rest of the market holds up.
- Iran setback: if talks stall or attacks on ships near Hormuz escalate, oil may rebound and stocks could come under pressure again.
What to watch next
- Tonight, 00:00 Mecca time: the US cash close, which sets the tone for Asia on Tuesday.
- Tuesday 10 November, 16:30 Mecca time: US consumer prices (CPI) for October.
- Friday 13 November, 16:30 Mecca time: US producer prices (PPI).
- Nvidia: any update from the board's investigation.
- US–Iran talks and shipping incidents in or near the Strait of Hormuz.
- The Federal Reserve: how markets price the chance of a December rate hike after the inflation data.
Trading indices and stocks at TNFX
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Common questions
Why did the stock market go up today, 9 November 2026?
US stocks rebounded after last week's sell-off mainly because oil fell sharply after President Trump said new US strikes on Iran were highly unlikely while talks progress. Lower oil eased inflation fears, and chipmakers bounced back.
Why is Nvidia stock down today?
Nvidia's board opened an independent investigation after reports that CEO Jensen Huang had been targeted by a foreign intelligence effort. Huang said he supports the investigation and will cooperate fully. The board said it has no reason to believe national security or company secrets were compromised.
Why are oil prices falling?
President Trump said on Sunday 8 November that new attacks on Iran were highly unlikely as long as talks make progress. Brent crude futures fell to their lowest since early September, after their steepest weekly drop since April 2020.
Why did stocks fall last week?
The Democrats' sweeping win in the 3 November midterm elections raised worries about new rules for the AI industry, and AI and chip stocks sold off. The S&P 500 had its biggest weekly drop since April 2025.
When is the next US CPI report?
The US October consumer price index is due on Tuesday 10 November 2026 at 16:30 Mecca time. Producer prices follow on Friday 13 November at 16:30 Mecca time.
What is the Nasdaq 100 price now?
On the TNFX MT5 feed the Nasdaq 100 (USTEC) is at 27,948.10, +3.51% over 24 hours and −1.83% over five days.
Why did Tesla stock rise today?
Tesla said it will end Cybertruck production around mid-2027 to make room for its Cybercab robotaxi, Elon Musk said Cybertruck orders exceed production, and Tesla said robotaxi rides start this week in San Antonio.