Wall Street Roars Back: Dow Jumps 1,104 Points as Oil Slides and Chip Stocks Rebound

By Kevin · 2026-11-10 · News

Nov. 10 (CandyPulse) — After a bruising week, Wall Street came roaring back. The Dow Jones Industrial Average jumped 1,104 points on Monday, Nov. 9, as oil prices tumbled and chip stocks rebounded, giving U.S. stocks their best day since April.

Key takeaways

Dow: +1,104.02 points (+2.15%) to 52,389.75
S&P 500: about +2.35% to roughly 7,549.94
Nasdaq Composite: +2.74% to 25,253.14
Oil slid: Brent fell 5.8% to $92.57 a barrel
Chips bounced: AMD rose about 13% and Broadcom nearly 9%; Nvidia was the exception, down more than 4%

The closing numbers

Index	Close	Change
Dow Jones	52,389.75	+1,104.02 (+2.15%)
S&P 500	~7,549.94	about +2.35%
Nasdaq Composite	25,253.14	+673.71 (+2.74%)
Brent crude	$92.57	−5.8%

All 11 S&P 500 sectors finished higher, led by industrials and consumer discretionary.

What drove the rally

1. Cheaper oil. Brent crude has dropped from above $112 at the start of November to $92.57, as hopes grew for a diplomatic end to the U.S.-Iran conflict. Cheaper energy eases inflation fears and helps almost every business; see our oil coverage.

2. A pause in the AI rout. Last week, AI stocks sold off hard after the midterm elections raised fears of new regulation for the sector. On Monday buyers came back, with AMD up about 13% and Broadcom up nearly 9%. Asia had already set the tone (Asian stocks bounce back).

The one big exception

Nvidia fell more than 4% after its board opened an investigation into allegations involving its CEO (full story). The fact that the market rallied this strongly without its biggest AI name shows how broad the buying was.

Don't celebrate too early

One great day doesn't erase the risks:

Inflation data today. October's CPI report is due Tuesday; a hot number could revive rate-hike fears (Fed hike bets near 80%).
AI earnings. CoreWeave reports tonight, followed by Applied Materials and Cisco this week.
Oil headlines. Prices have swung on every update from the Iran talks.

What it means for crypto

Stocks bounced; Bitcoin didn't. It slid below $74,000 on regulatory worries and ETF outflows, a reminder that crypto has its own drivers. If risk appetite keeps improving, though, that pressure could ease.

What's next

CPI this morning, CoreWeave tonight. Together they'll show whether Monday was the start of a recovery or just a relief bounce.

More from today's markets:

Track the market on our Bitcoin price today and crypto prices today pages, follow the Crypto News Today desk, and catch up every Sunday with CANDY Weekly.

Disclaimer: This article is for information only and is not financial advice. Market figures move quickly and different data providers can show slightly different numbers. Always do your own research before making any investment decision.