From CNBC · Sean Conlon,Tanaya Macheel,Lim Hui Jie · · 1m 40s
Dow surges 1,100 points as tech rebounds
Tech stocks rebound after Nvidia's CEO probe.
In brief
Tech stocks rebound after Nvidia's CEO probe. Dow jumps 1,104 points to 52,389.75 as tech recovers from last week's AI sell-off. Originally reported by CNBC.
Stocks surge Monday
Dow Jones Industrial Average jumps 1,104.02 points to 52,389.75.
S&P 500 hits best day since April
S&P 500 rises 2.35% to 7,549.94 for its best day since April 8.
Nasdaq Composite climbs 2.74%
Nasdaq Composite gains 2.74% to 25,253.14.
Oil prices drop
West Texas Intermediate futures fall 4.38% to $86.85 per barrel.
Nvidia shares fall 4%
Nvidia shares drop 4% after CEO investigation into alleged spy relationship.
Tech sector rebounds
Amazon gains 3%, Tesla up 5.5%, Alphabet climbs 1%.
Semiconductor ETF surges
iShares Semiconductor ETF (SOXX) jumps 8% to best day since July.
Market sentiment mixed
Energy sector down 0.3%, industrials up 4.2% in afternoon trading.
AI sell-off concerns
Democrats' midterm results raise fears of tighter AI regulations.
Market analysts weigh in
Jay Hatfield says tech rebound is 'overdone' but AI infrastructure will still build.
Citi analyst on GM
Citi expects GM to join Nasdaq-100 with 0.2% weighting and $4.6 billion buying power.
Oppenheimer on market fundamentals
Oppenheimer says market can rebound if fundamentals remain strong.
NYSE blockchain move
NYSE selects Avalanche as primary blockchain for tokenized securities.
Citi downgrades tech
Citi flags rotational turbulence in tech stocks with neutral positioning.
Nvidia CEO probe details
Nvidia opens investigation into CEO Jensen Huang's relationship with alleged Chinese spy.
Market outlook
S&P 500 expected to be rangebound through year-end with Fed rate concerns.
The one thing
Dow jumps 1,104 points to 52,389.75 as tech recovers from last week's AI sell-off.
