U.S. stocks rebounded as lower oil prices eased inflation concerns, with the Dow up 1.86%, the S&P 500 up 2.05% and the Nasdaq up 2.34%. Nvidia fell 6.2% to its lowest level since April after an internal investigation raised questions about CEO Jensen Huang’s future.
Wall Street’s main indexes rose on Monday as crude prices fell after President Donald Trump downplayed the likelihood of renewed strikes on Iran. Ten of 11 major S&P 500 sectors gained, led by industrials and consumer discretionary stocks. Investors were looking ahead to the October Consumer Price Index report due Tuesday, while concerns about a December rate hike persisted after stronger-than-expected October jobs data.
Nvidia fell 6.2% to its lowest level since April after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort raised questions about his future at the company. Other chipmakers advanced: Marvell Technology rose 9%, Broadcom gained 8%, and Intel and Qualcomm each added more than 4%. The Philadelphia Semiconductor Index rose 6% after its worst week since March 2025.
At 11:45 a.m. ET, the Dow rose 953.53 points, or 1.86%, to 52,239.26; the S&P 500 gained 2.05% to 7,528.39; and the Nasdaq advanced 2.34% to 25,155.62. KKR rose 2.3% after reporting record quarterly profit, while Constellation Energy gained 8% after adjusted third-quarter profit exceeded expectations. Of 335 S&P 500 companies that had reported earnings as of Thursday, 82.4% beat estimates.
