Dow surges 2.2% as oil drops 4% and Nvidia shares fall 4.3%
- The Dow Jones Industrial Average rose 2.2% to close at 52,389.75.
- Asian markets rallied, with the Kospi jumping more than 5% in early trading.
- Crude oil prices fell over 4% after President Trump's comments on Iran.
- Nvidia shares dropped 4.3% amid a board investigation and export control concerns.
- The October CPI report is scheduled for release at 8:30 today.
Major US indices surged on Monday, November 9, 2026, as investors were emboldened by cooling oil prices to increase market participation.
The S&P 500 increased 2.4% to reach 7,549.94, while the Nasdaq Composite advanced 2.7% to finish at 25,253.14. Every one of the 11 broad sectors ended the session in positive territory.
Within the Dow index, 25 components ended in the green, while four declined and one remained unchanged. The Industrials Select Sector SPDR rose 3.8%, the Consumer Discretionary Select Sector SPDR gained 3.1%, and the Information Technology Select Sector SPDR climbed 2.9%.
On Monday, the S&P 500 rose 2.35% to 7,549.94, marking its best single-day performance since April. Monday's gains also included a 2.74% rise for the Nasdaq, a 2.15% gain for the Dow, and a 3.15% increase for the Russell 2000.
Market data for these figures is powered by Xignite and Polygon.io, and average returns are calculated based on the previous market day close. The author of this report has been with The Motley Fool since 2019 and holds a B.S. in Finance and an M.A. in Economics from Cal State LA.
Asian markets climb following US tech rally
Asian markets rose on November 10 following gains in technology shares on Wall Street.
Data from Moomoo shows the Kospi finished up 4.4% and the Nikkei 225 ended 2.9% higher at 60,459. The Hang Seng index gained 0.4% and the Shanghai composite index rose 0.1%.
Oil prices decline after Trump comments on Iran
Brent crude traded near $90, which is approximately ₹7,560, on the morning of November 10. This decline in crude oil prices cooled concerns regarding inflation. Parkev Tatevosian, who is a CFA, holds positions in Nvidia.
Nvidia shares fall amid board investigation
Nvidia shares fell 4.3% to $178.67, which is approximately ₹15,000, on Monday. The decline followed a board investigation involving the CEO and concerns regarding potential tighter export controls on company chips.
While the stock rose 1.6% in premarket trading, it was down on November 10. Other chip stocks surged during the session, but Nvidia remained an exception to the broader sector trend.
Corporate updates from Take-Two and GFL Environmental
Take-Two Interactive raised its full-year revenue forecast.
Rocket Lab shares fell 5.6% premarket.
Investors monitor October CPI report and Treasury yields
The October CPI report is scheduled for release at 8:30 today. Estimates project a 0.3% headline increase or 3.9% year-over-year, and a 0.2% core increase or 2.8% year-over-year.
The 2-year Treasury yield rose to 4.61% as traders increased expectations for a December rate hike. The Motley Fool recommends T-Mobile US, maintaining a standard disclosure policy.
Citi shifts outlook as market volatility persists
Citi downgraded its outlook for U.S. stocks and upgraded its outlook for European stocks following recent AI-related market volatility. The VIX index fell 22% on Monday to close just under 20, which is the first close below 20 since the start of the recent selloff.
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- Stock Market News for Nov 10, 2026 (finance.yahoo.com)
- THE CAPITAL BREAKDOWN: Tuesday, November 10, 2026 - moomoo Community (moomoo.com)
- Asian markets gain after a tech-led rally on Wall Street | AP News (apnews.com)
- The Best Stock to Buy Right Now in November? | The Motley Fool (fool.com)
- Stock Market Today: Dow, S&P Live Updates for November 10 - Bloomberg (bloomberg.com)
- S&P 500, Dow futures climb as oil slide lifts sentiment (reuters.com)
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