US stock market close Nov 9: S&P 500 gains 2.35% as oil slides and chips rebound; Nvidia falls 4.27%

The S&P 500 closed up 2.35% at 7,549.94 on Monday, Nov 9 (ET), its best day since April 8. Oil fell more than 4% and the chip stocks that sold off hard last week bounced back. Nvidia went the other way, falling 4.27% after its board opened an independent investigation into CEO Jensen Huang.

Key takeaways

• The S&P 500 rose 2.35%, the Nasdaq Composite 2.74% and the Dow Jones Industrial Average 2.15% (1,104.02 points). The Russell 2000 gained 3.15%.
• December WTI crude settled down 4.38% at $86.85 a barrel; Brent fell 5.85% to $92.57.
• Nvidia fell 4.27% after its board began an independent review tied to reports that Huang was the target of a foreign intelligence effort.
• AMD jumped 13.26% after an Oppenheimer upgrade, and Broadcom rose 8.78%.
• Constellation Energy rose more than 10% after third-quarter adjusted earnings of $5.06 a share and a higher full-year outlook.

How the US stock market closed: oil and chips drove the rebound

Last week, midterm results and an AI-stock sell-off pushed the Nasdaq into a correction before a partial recovery on Friday; see our Nov 5 close and Nov 6 close. After Monday's rally, the Dow sits above its Election Day close, while the S&P 500 and the Nasdaq remain slightly below theirs.

CNBC pointed to lower oil prices and a tech rebound as the day's drivers. It also noted that worries remain about Democrats' midterm gains, with investors concerned that tighter rules could slow the AI infrastructure build-out. The iShares Semiconductor ETF (SOXX) climbed more than 7% after losing about 13% last week.

All 11 S&P 500 sectors finished higher. Industrials led with a 4.59% gain, consumer discretionary and technology rose around 3%, and energy lagged. Investrade reported that airline stocks surged as oil fell.

Nvidia falls 4.27% as its board investigates the CEO

Nvidia closed down 4.27% at $178.67. It had been down about 8% early in the session before cutting the loss roughly in half. The drop erased about $192 billion of market value, and Investrade said the stock ended at its lowest level since April.

According to CNBC, Nvidia's board launched an independent investigation after recent reporting that Huang was the target of a "foreign intelligence effort." Huang told staff in an email that he had personally fallen short and said he would cooperate fully with the review. Yahoo Finance noted that Nvidia is worth about $4.5 trillion, close to 7% of the S&P 500.

Joachim Klement of Panmure Liberum told CNBC the impact is "currently contained to Nvidia." Most other megacap tech and chip stocks rose on the day. Nvidia reports third-quarter results on Nov 17.

On the chart, Nvidia's close is the lowest of the past four months and about 15% below its 20-day moving average (around $209). Monday's volume was the heaviest in the charted period.

AMD jumps 13%, Broadcom climbs nearly 9%

AMD rose 13.26%. Schaeffer's reported that Oppenheimer upgraded the stock to outperform from market perform with a $600 price target. The upgrade followed last week's third-quarter report, which showed record revenue of $13.4 billion, up 45% from a year earlier.

AMD has now risen for two straight sessions after its sharp drop on Thursday, Nov 5. The close is still below the 20-day moving average (around $523) and more than 20% under its early-October peak.

Broadcom gained 8.78%. The coverage we reviewed cited no company-specific news, and the stock moved with the broader chip rebound. CNBC said Monolithic Power Systems was up more than 13% at midday.

Constellation Energy rises 10% on earnings

Nuclear operator Constellation Energy reported third-quarter results on Monday, and the stock climbed more than 10% to close at $276.09. Adjusted operating earnings were $5.06 a share, up from $3.04 a year earlier and above the $3.85 consensus. GAAP net income was $5.19 a share.

The company raised the midpoint and narrowed its full-year adjusted operating earnings guidance to $12.50 to $12.80 a share. It credited favorable market and portfolio conditions and the addition of Calpine. NRG Energy, which reported third-quarter adjusted earnings of $4.68 a share against a $3.33 estimate, rose 10.45%.

Constellation set its lowest close of the four-month window on Nov 5 and on Monday moved back above its 20-day moving average (around $263). It remains below the roughly $300 highs of early October.

Other notable movers

Tesla rose 5.5%; Yahoo Finance tied the gain to its robotaxi service expanding into more cities. First Solar slid more than 5% after Piper Sandler cut its price target to $222 from $251 while keeping an overweight rating.

After the bell, The Trade Desk jumped more than 19% in extended trading on third-quarter results and fourth-quarter revenue guidance that beat estimates.

Stock	Move (Nov 9 close)	Note
NNvidiaNVDA	-4.27%	Board opens independent review of CEO
AAMDAMD	+13.26%	Oppenheimer upgrade, $600 target
ABroadcomAVGO	+8.78%	Chip rebound; no company news
CConstellation EnergyCEG	+10%+	Q3 beat, guidance raised
NNRG EnergyNRG	+10.45%	Q3 adjusted EPS beat
TTeslaTSLA	+5.5%	Robotaxi expansion (Yahoo Finance)
FFirst SolarFSLR	-5%+	Piper Sandler target cut

Oil, rates and currencies

Oil fell after President Trump said on Sunday, Nov 8, that a renewed attack on Iran was "highly unlikely" while talks to end the conflict continued. Brent had already fallen 16% the previous week, its steepest weekly drop since the start of the COVID-19 pandemic. Attacks on ships near the Strait of Hormuz continued, The Korea Times reported, citing Reuters.

The 10-year Treasury yield was little changed at about 4.87%. A $58 billion 3-year note auction drew a high yield of 4.627% and a bid-to-cover ratio of 2.53, below the six-month average of 2.64. The dollar weakened, with the yen around 158 per dollar. Bitcoin traded near $75,000.

Economic data and global news

September wholesale inventories rose 0.7% and wholesale sales rose 2.8%. The New York Fed's October survey put one-year inflation expectations at 3.9%, unchanged from September; three- and five-year expectations held at 3.3% and 3.0%.

Abroad, China's October producer prices rose 5.7%, above the 5.3% expected, while consumer inflation slowed to 0.7%. Secretary of State Marco Rubio called Iran's demands "outrageous and ridiculous," a sign that Middle East talks remain stuck.

What to watch next

• Nov 10, 8:30 a.m. ET: October consumer price index. Forecasts call for a 0.3% monthly rise in the headline and 0.2% in core.
• Nov 13 (Friday): October producer price index.
• Nov 17: Nvidia third-quarter results. General Motors also moves its listing to the Nasdaq that day.
• Dec 11: US government funding deadline.

FAQ

Why did US stocks rise on Nov 9, 2026?

Oil fell more than 4% and chip stocks rebounded after last week's sell-off. The S&P 500 gained 2.35%, the Nasdaq 2.74% and the Dow 2.15%. It was the S&P 500's best day since April 8.

Why did Nvidia stock fall on Nov 9?

Nvidia's board opened an independent investigation tied to reports that CEO Jensen Huang was the target of a foreign intelligence effort. The stock closed down 4.27% at $178.67, while most other chip stocks rose.

How much did AMD rise and why?

AMD rose 13.26%. Oppenheimer upgraded it to outperform with a $600 price target, pointing to record third-quarter revenue of $13.4 billion.

Where did oil prices settle on Nov 9?

December WTI settled at $86.85 a barrel, down 4.38%, and Brent at $92.57, down 5.85%. Prices fell after President Trump said a renewed attack on Iran was highly unlikely.

Sources

• CNBC: Dow surges 1,100 points, Nasdaq climbs more than 2% as tech rebounds
• CNBC: Nvidia stock falls 4% as scrutiny turns to Jensen Huang
• CNBC: Stocks making the biggest moves, Nov. 9, 2026
• Yahoo Finance: Stock market today, Monday, Nov. 9
• Yahoo Finance: Stock Market Today (Nov. 9, 2026)
• Investrade: Market Review, November 09, 2026
• Stock Titan: Stock market today live, November 9, 2026
• Schaeffer's: Advanced Micro Devices stock pops on Oppenheimer upgrade
• Constellation Energy: Q3 2026 earnings release (SEC Form 8-K)
• Seeking Alpha: Constellation Energy jumps 10% after earnings beat, guidance hike
• The Korea Times: Oil falls almost 5% as Trump signals restraint on Iran
• Wikipedia: List of S&P 500 companies