Stock Market Today: S&P 500 Rises 1.3% and Nasdaq 1.6% at the Open as Oil Slides and AMD Jumps
Wall Street opened higher on Monday as oil fell on Iran peace hopes: the S&P 500 rose 1.3% and the Nasdaq 1.6%, led by AMD, while Axon and Atlassian slumped.
Wall Street opened sharply higher on Monday, with the S&P 500 up 1.3% at 7,472.38 and the Nasdaq gaining 1.6% to 24,972.46 in early trading. The Dow Jones Industrial Average rose 1.25% to 51,925.59, a gain of about 640 points, as a drop in oil prices and a pullback in the VIX helped steady a market that has been unsettled by the AI-led selloff.
The VIX, Wall Street's volatility gauge, fell 9.44% to 23.22. Even so, the S&P 500 remains 4.34% lower over one month and sits below its 52-week high of 7,818.93, though it is still up 9.16% so far this year. The Nasdaq is 8.75% lower over the past month, against a 52-week high of 27,599.79.
Oil falls on Iran peace hopes
Crude was the main support for risk appetite. Brent fell 5.02% to $93.38 a barrel and WTI dropped 4.36% to $86.87, as hopes grew for a diplomatic end to the Iran war. Lower energy costs eased pressure on borrowing costs: the US 10-year Treasury yield slipped to 4.83%, while the Dollar Index declined 0.45% to 101.83.
Gold rose 1.18% to $4,113.90 an ounce, and copper added 1.52%. The euro gained 0.5% to $1.1199 and the pound rose 0.46% to $1.3417, while the dollar edged 0.24% lower against the yen to 158.05. Bitcoin moved against the tide, slipping 0.56% to $74,304.86.
Europe traded firmly ahead of the US open. Germany's DAX rose 1.38%, the CAC 40 gained 1.09% and the FTSE 100 added 0.75%, while Toronto's S&P/TSX advanced 1.01%.
Chips rebound, software and Nvidia under pressure
Semiconductor names led the early gainers. AMD jumped 11.04% to $449.04, Arista Networks climbed 7.31% to $170.80 and Taiwan Semiconductor rose 6.33% to $375.44. Airbnb advanced 11.67% to $189.99 and AppLovin gained 9.86% to $391.22.
The losers were concentrated in software and a few individual stories. Axon Enterprise plunged 18.18% to $313 and Atlassian fell 16.15% to $153.68. Microchip Technology dropped 10.02% to $58.35, Salesforce slid 3.94% to $213.65 and General Motors lost 3.55% to $86.16.
Nvidia was a focal point after its board launched a probe into reports involving CEO Jensen Huang. The stock fell about 4% in premarket trading, and the story is still developing; our Nvidia coverage tracks it. Investors also remain wary after the Nasdaq's 5.5% drop on November 5, which we covered in our look at crash fears.
Jobs data and earnings in focus
The backdrop is Friday's October jobs report, which showed payrolls rising by 165,000. Our S&P 500 futures report looked at what the figure means for the Fed's next steps, and inflation data is on the calendar this week.
Earnings add to the flow. Constellation Energy reported before the open. The Trade Desk and Take-Two Interactive report after the close. Applied Materials and Cisco follow on Thursday, November 12, and PDD Holdings reports on November 16. Our week-ahead guide lists the key events.
For the major indexes, see our pages on the S&P 500, Nasdaq and Dow Jones, and for energy, Brent and WTI.
Next up, markets will watch whether the oil decline holds, how Nvidia trades as the board probe develops, and the after-the-close results from The Trade Desk and Take-Two.
Markets at a glance
| Market | Last | Change | % Change |
|---|---|---|---|
| S&P 500 | 7,472.38 | +95.52 | +1.30% |
| Nasdaq | 24,972.46 | +393.04 | +1.60% |
| Dow Jones | 51,925.59 | +639.86 | +1.25% |
| Russell 2000 | 2,754.11 | +24.22 | +0.89% |
| US 10Y Yield | 4.833 | −0.026 | −0.54% |
| Dollar Index | 101.83 | −0.46 | −0.45% |
| WTI | 86.87 | −3.96 | −4.36% |
| Bitcoin | 74,305 | −415 | −0.56% |
Data as of 9 Nov 2026, 21:40 WIB (14:40 GMT). Source: JournalArta Markets (Yahoo Finance, Twelve Data); some exchange data may be delayed up to 15 minutes. Follow live prices on JournalArta Markets. This article is for information only and is not investment advice.
