san jose collage
San Jose
Serving San Jose, California (Santa Clara County)Vol. 1, No. 15
Business

The Market Wrap, Monday, November 9, 2026

Stocks had their best day since April, with the S&P 500, Dow and Nasdaq each up more than 2% as chip stocks rallied and oil fell, even as Nvidia slid.

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AMD Instinct MI350X AI accelerator chip on a dark background.
AMD’s Instinct MI350X AI accelerator. AMD shares jumped 13.26% Monday after an analyst upgrade. — Photo: courtesy of AMD

Wall Street had its best day since April on Monday, with all three major indexes up more than 2%, according to closes on Yahoo Finance and Nasdaq at 1:20 p.m. Pacific. The S&P 500 rose 173.08 points, or 2.35%, to 7,549.94. The Dow Jones Industrial Average gained 1,104.02 points, or 2.15%, to 52,389.75. The Nasdaq Composite climbed 673.72 points, or 2.74%, to 25,253.14.

Buyers returned after last week’s post-election selloff, and falling oil prices helped, The Associated Press reported. U.S. crude futures, contracts that set the price of oil delivered later, fell 4.25% to $86.97 a barrel.

Santa Clara chipmaker AMD jumped 13.26% to $508.58 after an Oppenheimer analyst upgraded the stock, Kiplinger reported. Palo Alto’s Broadcom rose 8.78%, Menlo Park’s Meta 5.12%, San Jose’s Cisco 5.11% and Cupertino’s Apple 2.43%. Santa Clara’s Nvidia fell 4.27% to $178.67 after Yahoo Finance reported its board is investigating Chief Executive Jensen Huang’s personal conduct.

After the bell, San Francisco online health company Hims & Hers reported third-quarter revenue of $890.4 million, up 49%, and a net loss of $33.0 million, its earnings release shows.

For savers, the rally lifts 401(k) and IRA balances that hold stock funds. The 10-year Treasury yield, which guides mortgage rates, held near 4.86%.

Source: Yahoo Finance index closes, Nov. 9, 2026, Nasdaq Composite quote, Hims & Hers 8-K earnings release, AP, Kiplinger and Yahoo Finance.

Drafted by AI from the linked public source. Approved by a Daily News Editor.

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