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US stocks rally as oil prices drop, recovering part of last week's losses

According to Associated Press, U.S. stocks rallied Monday as oil fell, while Nvidia dropped after the company said it is investigating CEO Jensen Huang.

Published Nov 9, 2026 · 22:02 UTC1 reports

The short version

  • U.S. stocks rallied Monday, recovering part of last week's losses as Brent crude fell 4.8% to $93.59 a barrel.[Associated Press]
  • Constellation Energy climbed 9.5% after beating profit and revenue expectations, while United Airlines rose 5.9% and Carnival 3.4%.[Associated Press]
  • Nvidia shares fell 4.7% as the company investigates CEO Jensen Huang over an alleged relationship with an executive U.S. intelligence reportedly linked to China. Its board sees no reason to believe secrets were compromised, and China's foreign ministry calls the allegations smears.[Associated Press]
  • Trump told CNN that resuming strikes on Iran is very unlikely if talks progress, though Rubio said Iranian demands had sometimes been outrageous. Whether talks progress remains unknown.[Associated Press]

Key facts

  • The U.S. stock market rallied Monday, recovering part of the previous week's losses as oil prices fell.[Associated Press]
  • The S&P 500 climbed 2.3% on Monday.[Associated Press]
  • The Dow rose 1,043 points, or 2%, as of 12:42 p.m. Eastern time, and the Nasdaq composite gained 2.6%.[Associated Press]
  • Brent crude oil fell 4.8% to $93.59 a barrel.[Associated Press]
  • Trump told CNN over the weekend that resuming strikes on Iran is very unlikely if the United States sees progress in negotiations.[Associated Press]
  • Constellation Energy shares climbed 9.5% after its summer profit and revenue beat analysts' expectations.[Associated Press]
  • United Airlines shares rose 5.9% and Carnival shares rose 3.4%.[Associated Press]
  • Nvidia shares fell 4.7% after the company said it is investigating CEO Jensen Huang, who acknowledged an intimate relationship with a business executive.[Associated Press]

What remains uncertain

  • The allegation that the executive was gathering information for China rests on U.S. intelligence as reported by The New York Times and relayed by Associated Press; this reporting does not independently confirm it.[Associated Press]
  • Nvidia's board says it has no reason to believe national security or company secrets were compromised, but its inquiry will examine all available information, so the outcome is unknown.[Associated Press]
  • China's Ministry of Foreign Affairs called the allegations smears, so the claims are disputed.[Associated Press]
  • Whether negotiations with Iran progress, and whether strikes resume, is unknown; oil price swings depend on this outcome.[Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.