Stocks Find Firmer Ground as Oil Falls 3%, Nvidia Slides 4%
World stocks edged up from six-month lows on Monday, November 9, after a tech-led rout, while oil fell about 3% on Iran peace hopes. Nvidia dropped just over 4% in pre-market trading as an internal probe involving CEO Jensen Huang raised fresh doubts among investors.
Global stocks found firmer ground on Monday, November 9, 2026, edging up from six-month lows after a tech-led selloff last week, while oil prices fell more than 3%. A steep drop in Nvidia shares threatened to cloud the recovery.
MSCI's World Stock Index rose 0.5%, holding above the six-month lows it hit last week. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.25% after sliding 4.6% last week.
Taiwan's benchmark rose almost 5%. It had just posted its steepest weekly drop in two decades.
Nvidia under scrutiny
Nvidia shares fell just over 4% in pre-market trading, before US markets opened. An internal investigation is examining whether CEO Jensen Huang was targeted by a foreign intelligence effort, and it has put his future at the AI chipmaker under scrutiny.
"Markets are trying to figure out what this means for arguably the world's most important company right now," said Neil Wilson, UK investor strategist at Saxo. "If Huang is forced to leave, what happens to Nvidia?"
Analysts said the outlook remained cautious, with the Nvidia selloff the latest test of investor sentiment. US stock futures recovered from early falls, a positive sign for the Wall Street open.
Oil and bond yields ease
Brent crude fell 3% to $95 a barrel. US West Texas Intermediate tumbled almost 3% to around $88.37.
US President Donald Trump is set to meet the prime minister of Qatar, a key mediator, on Monday. Efforts to end the Iran war are gathering pace after last week's US midterm elections.
Lower oil helped pull down government borrowing costs in Europe and the United States. The 10-year US Treasury yield was a touch lower on the day at 4.84%.
Elevated oil prices sparked by the Iran war have weighed on economies worldwide this year.
Europe and the week ahead
European shares rallied as bank stocks rose. Credit Agricole proposed merging its Italian subsidiary with Banco BPM, a deal that would create Italy's third-largest bank.
Global stocks have been under pressure in recent weeks as the AI trade crumbled amid rising interest rates. Sweeping Democratic wins in the midterms deepened worries about tougher regulation of AI and data centers.
Earnings from CoreWeave, Applied Materials and Cisco Systems this week will test whether AI spending is paying off. CoreWeave has become a gauge of investor anxiety, and the cost of insuring its debt has spiked into distressed territory.
"The only fundamental this week that matters is price," said Chris Weston, head of research at brokerage Pepperstone.
