US stocks opened sharply higher on Monday, November 9, 2026, bouncing back after a bruising week as a steep drop in oil prices and a recovery in technology shares lifted sentiment across Wall Street.
The Dow Jones Industrial Average rose about 1.2 percent at the open, gaining roughly 700 points to trade near 51,870. The S&P 500 climbed around 0.9 to 1.3 percent to roughly 7,460, while the Nasdaq Composite advanced about 1.6 percent to near 24,970 in early trading.
The main driver was oil. Brent crude fell more than 4 percent to around 94 dollars a barrel, and US West Texas Intermediate dropped close to 4 percent to about 87 dollars, after President Donald Trump said renewed US strikes on Iran were highly unlikely while talks with Tehran make progress. Lower oil prices eased inflation worries, and the 10-year Treasury yield pulled back while Wall Street's fear gauge, the VIX, fell more than 9 percent.
Chip stocks led the rebound. Advanced Micro Devices jumped about 11 percent after an analyst upgrade, and Taiwan Semiconductor rose more than 6 percent. The exception was Nvidia, which fell around 5 percent after its board opened an independent investigation into chief executive Jensen Huang over a reported relationship with a business executive US officials believe is linked to Chinese intelligence. Nvidia is the largest component of the Nasdaq 100, so its slide kept a lid on the tech-heavy index.
The rally follows a difficult week. Last week the S&P 500 fell 2.68 percent, its worst weekly drop since April 2025, and the Nasdaq lost 3.37 percent for its fourth straight weekly decline. The Nasdaq is now in correction territory, more than 10 percent below its peak from a month ago. Friday's session offered some relief, with the S&P 500 closing at 7,376.86 and the Nasdaq at 24,579.43.
Investors are also looking ahead to a key test: the October consumer price index is due Tuesday morning, and it could shape expectations for the Federal Reserve's next move. Friday's jobs report showed employers added 165,000 jobs in October, more than twice what economists expected, while unemployment eased to 4.1 percent.
This article is for information only and is not financial advice.
Sources: CNBC TV18, NDTV Profit, Saxo Bank, Morningstar, Reuters.
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