Wall Street roared back on Monday, 9 November 2026, as the Dow Jones Industrial Average surged 1,104 points in its best day since April, wiping out more than half of last week’s steep losses. The rally swept across all three major indexes, powered by plunging oil prices, a rebound in chip stocks, and signs of easing tensions between the United States and Iran.
The Dow closed up 1,104.02 points, or 2.15 percent, at 52,389.75, while the S&P 500 gained 173.08 points, or 2.35 percent, to 7,549.94, and the Nasdaq Composite added 673.71 points, or 2.74 percent, to 25,253.14. It was the S&P 500’s biggest single-day gain since 8 April and the Nasdaq’s best day since 30 July, a sharp reversal after the market’s worst week since April 2025.
A broad rally, not just a tech bounce
The gains reached far beyond the technology stocks that led the recovery. All 11 sectors of the S&P 500 finished higher, with industrials and consumer discretionary stocks leading the way, each up more than 3 percent. The small-cap Russell 2000 jumped 3.1 percent to 2,840.81, a sign that buying had spread well beyond the market’s biggest names.
Trading volume was heavy, with 18.98 billion shares changing hands on U.S. exchanges, above the 18.72 billion average of the past 20 sessions. Analysts at JPMorgan noted that the sharp deterioration in momentum last week may have pushed investor pessimism close to peak levels, while UBS described the sell-off as a reset rather than the start of a structural downtrend in the AI investment cycle, according to CNBC’s breakdown of the rally.
| Index | Close | Change | % change |
|---|---|---|---|
| Dow Jones Industrial Average | 52,389.75 | +1,104.02 | +2.15% |
| S&P 500 | 7,549.94 | +173.08 | +2.35% |
| Nasdaq Composite | 25,253.14 | +673.71 | +2.74% |
| Russell 2000 | 2,840.81 | +85.41 | +3.1% |
| PHLX Semiconductor Index | above 10,000 | — | +6.85% |
Chips lead the rebound as Nvidia goes the other way
Semiconductor stocks, the hardest hit in last week’s sell-off, staged the sharpest comeback. The Philadelphia Semiconductor Index jumped 6.85 percent to reclaim the 10,000 level, reversing a drop of more than 12 percent the week before. Advanced Micro Devices soared 13.3 percent after Google’s newly launched TPU 8tx system was revealed to use AMD’s fifth-generation EPYC processors, while Broadcom gained 8.8 percent and Intel rose 5.5 percent.
One giant went the other way. Nvidia fell 4.27 percent to $178.67, its lowest close since 7 April, after falling as much as 8.79 percent to an intraday low of $170.24. The slide followed Nvidia’s board investigation into chief executive Jensen Huang, announced on Sunday, and left the AI chipmaker the only major AI stock in the red on a day when nearly everything else rallied. Tesla rose 5.5 percent, Apple added 2.4 percent, and Meta gained 5.1 percent.
Oil’s slide and Iran talks set the tone
The rally had two clear triggers. Oil prices fell sharply, with U.S. crude down more than 4 percent, easing worries that energy costs would keep inflation high and complicate the Federal Reserve’s next move. At the same time, reports of progress in U.S.-Iran nuclear talks calmed fears of a wider conflict in the Middle East, after President Donald Trump said on Monday that further U.S. military action against Iran was not necessary “at this point”.
The rebound also followed a brutal stretch. Last Thursday, the Nasdaq’s 5.5 percent plunge dragged the index into correction territory, while the Dow lost 1,833 points in a single session and fell about 250 more on Friday. Traders had blamed fears of tighter AI regulation and slower data-centre spending after the Democrats’ midterm sweep, but Monday’s buying suggested many investors saw the drop as a buying opportunity while economic fundamentals and earnings stayed sound.
What comes next: inflation data on Tuesday
The rally now faces its first real test. The U.S. Labor Department releases its October consumer price index report on Tuesday, 10 November, followed by the producer price index on Friday, 13 November. Both readings will shape expectations for the Federal Reserve’s December meeting, and a hotter-than-expected inflation print could quickly cool Monday’s enthusiasm.
For now, though, Wall Street has its momentum back. The S&P 500 has recovered from its biggest weekly drop since April 2025, the chip sector has bounced off its lows, and the market’s breadth — every sector higher, small caps leading — suggests the rebound was built on more than a handful of large stocks. Whether it lasts will depend on what Tuesday’s inflation numbers say, as the Reuters report on the session noted.
Questions readers are asking
How much did the Dow rise on Monday, 9 November 2026?
The Dow Jones Industrial Average rose 1,104.02 points, or 2.15 percent, to close at 52,389.75, its best day since April 2026.
Why did the stock market rally on Monday?
Falling oil prices eased inflation worries, reports of progress in U.S.-Iran nuclear talks reduced geopolitical fears, and investors bought back chip and AI stocks that had been heavily sold off the previous week.
Why did Nvidia fall while the rest of the market rose?
Nvidia dropped 4.27 percent after its board opened an independent investigation into chief executive Jensen Huang, making it the only major AI stock in the red on Monday.
What comes next for the market this week?
The Labor Department releases October consumer price index data on Tuesday, 10 November, and producer price index data on Friday, 13 November, ahead of the Federal Reserve’s December meeting.
Did the rally erase last week’s losses?
Not entirely. Monday’s gains recovered more than half of what the Dow lost on Thursday and Friday, when it fell about 1,800 points and then about 250 points, but the indexes remain below their recent highs.
