The Dow Jones climbed 805 points, or 1.6 per cent, by 10:30 a.m. Eastern time on Monday, November 9, as falling oil prices helped U.S. stocks recover some of last week’s steep losses.
The rebound came despite renewed pressure on Nvidia, one of the most influential technology companies in the market.
The S&P 500 was up 1.9 per cent and the Nasdaq composite had gained 2.5 per cent at the same point in the session.
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Why the Dow Jones is rising
The immediate boost came from a decline in crude oil prices, which eased some concerns about inflation and the possibility of higher interest rates.
Brent crude fell 4.1 per cent to about US$94.27 a barrel during morning trading.
Oil had traded above US$112 earlier in November, making the latest decline significant for investors watching energy costs, inflation and consumer spending.
The retreat in oil prices followed renewed uncertainty over the future of the conflict involving Iran and the possibility that further strikes could be avoided if negotiations make progress.
Lower crude prices can support stocks because they reduce some of the pressure on transportation, manufacturing and household budgets.
They can also ease expectations for additional interest-rate increases, although markets remain sensitive to any renewed rise in energy prices.
Markets recover after technology-led selloff
Monday’s advance followed a difficult stretch for Wall Street.
The Dow Jones fell 1,833.06 points on Thursday, November 5, after technology and artificial-intelligence shares led a broad market selloff.
The index then declined another 237.33 points on Friday, November 6, closing at 51,285.73.
The S&P 500 gained on Friday, while the Nasdaq rose as some investors bought technology shares after their sharp declines.
Still, the major U.S. benchmarks ended last week lower, with investors weighing the possibility that political pressure could slow the construction of large artificial-intelligence data centres.
That concern has created a split in the market, with some traditional companies and energy-sensitive shares holding up better than highly valued technology names.
Nvidia weighs on the technology sector
Nvidia shares fell about 3.8 per cent in morning trading despite the broader market rally.
The company said its board is examining the circumstances surrounding chief executive Jensen Huang’s relationship with a business executive whom U.S. intelligence agencies suspect of gathering information for China.
Nvidia’s board has said it has no reason to believe that national security or company secrets were compromised, but the investigation added another source of uncertainty for investors.
The decline in Nvidia contrasted with gains in several other artificial-intelligence and data-centre-related companies.
Advanced Micro Devices rose 9.5 per cent in morning trading, recovering part of the 11 per cent decline it recorded during the previous week.
CoreWeave also advanced after falling sharply during last week’s selloff.
Constellation Energy gained 6.3 per cent after reporting quarterly profit and revenue above analysts’ expectations.
The company has benefited from agreements to supply electricity to data centres operated by major technology companies.
What the market move means for investors
Monday’s rally helped reverse part of the losses suffered during last week’s abrupt rotation away from some technology and artificial-intelligence shares.
It did not erase the broader concerns surrounding high valuations, data-centre construction, interest rates or geopolitical risk.
The Dow Jones is also a price-weighted index, meaning large moves in some of its higher-priced component stocks can have a noticeable effect on the headline point change.
Investors should therefore look beyond the Dow’s point gain and compare the performance of the S&P 500, Nasdaq and individual market sectors.
Bond yields were relatively steady in morning trading, with the 10-year U.S. Treasury yield near 4.86 per cent.
Stable or falling yields can support stocks by reducing the discount rate applied to future corporate earnings.
However, persistent inflation or another jump in oil prices could quickly revive expectations for tighter monetary policy.
What happens next
Trading remains open, so the Dow Jones figure can change substantially before the New York Stock Exchange closes at 4 p.m. Eastern time.
The market’s next moves are likely to depend on developments in oil prices, updates involving the conflict with Iran, corporate earnings and investor expectations for U.S. interest rates.
For Canadian investors, movements in U.S. equities can affect exchange-traded funds, pension portfolios and companies listed on both sides of the border.
The Canadian dollar and commodity prices may also influence the value of U.S.-listed holdings when measured in Canadian dollars.
Monday’s gains show that investors are willing to buy after a sharp decline, but the uneven performance between traditional shares, energy-sensitive companies and artificial-intelligence stocks points to continued volatility.
Frequently Asked Questions
How much was the Dow Jones up on November 9, 2026?
The Dow Jones was up 805 points, or 1.6 per cent, by 10:30 a.m. Eastern time on Monday, November 9. Trading had not yet finished, so the final closing figure could change.
Why did the Dow Jones rise?
Falling oil prices helped ease concerns about inflation and interest rates, while investors bought some shares after last week’s sharp market selloff.
Did technology stocks also rise?
Several technology and artificial-intelligence stocks rebounded, although Nvidia fell during morning trading after the company disclosed a board investigation involving its chief executive.
What happened to oil prices?
Brent crude fell 4.1 per cent to about US$94.27 a barrel during morning trading, after trading above US$112 earlier in November.
Is the stock market rally finished?
It was too early to determine whether the rebound represented a lasting recovery because trading was still underway and investors remained focused on oil prices, interest rates, earnings and artificial-intelligence regulation.
Fact-Checked: Key market levels, oil prices, company developments and prior-session changes were checked against current market information and primary index data.
Disclaimer: Market movements can change rapidly, and this article is for news and information purposes rather than investment advice.