Dow Jones| Nasdaq | US Stock Market Today | Live: Dow rockets 1,200 pts after last week's tech-led rout; oil prices swing

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Wall Street's main indexes rallied on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

Dow Jones Today | US Stock Market Live: Wall Street’s major indexes climbed on Monday as investors brushed aside last week’s AI concerns while awaiting clarity on the controversy surrounding Nvidia CEO Jensen Huang. The gains mark a crucial week for markets, with investors assessing whether the post-midterm selloff was justified.

Meanwhile, Nvidia shares fell 5.6% after an internal probe into reports of a foreign intelligence effort targeting Huang raised concerns about his future at the chipmaker.

* Nvidia stock plunges 9% as Jensen Huang faces espionage controversy
* Tesla, Spacex stocks jump 5% on tech boost
* Brent crude oil prices fall over 5% to $92

* Tesla, Spacex stocks jump 5% on tech boost

* Brent crude oil prices fall over 5% to $92

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Artificial intelligence startup Anthropic must face claims that it misled customers by advertising its premium Claude Max subscriptions as providing "5x or 20x more usage" than lower-priced plans, a federal judge in California has ruled.


US Magistrate Judge Alex Tse in San Francisco on Friday said the plaintiffs plausibly alleged that consumers could interpret Anthropic's marketing to mean Max subscribers would receive five or 20 times more usage than lesser-tier subscribers over the course of a month.


Tse allowed claims for deceptive advertising under California's consumer state law, negligent misrepresentation and breach of contract to proceed, but dismissed other claims, including one filed under the state’s unfair competition law.

France's 10-year bond yield dropped to a six-week low on Monday, outperforming Germany's as falling energy prices continued to support European bond prices.

The French benchmark yield dropped to as low as 4.69%, its lowest since late September, in afternoon trade, driven by an over 5% fall in Brent crude oil.

It was last down 2 basis points at 4.74%, mirroring a rebound in oil, which was last down just 3.3%.

Tesla shares rose sharply after CEO Elon Musk announced plans to wind down Cybertruck production over the next eight months and redirect manufacturing resources towards its next-generation Cybercab robotaxis.

• The Trump administration’s plan to introduce offshore-style perpetual futures in the US is raising concerns about new risks to the derivatives market.
• Perpetual futures trade around the clock, do not expire and can offer leverage of up to 50 times, making them particularly risky for retail investors.
• Global crypto perpetual futures trading volume surged 29% to $61.7 trillion in 2025, led largely by Asia-based platforms such as Binance and Hyperliquid.

Iran has no plans to negotiate with the United States unless Washington takes practical steps to meet Tehran's seven conditions, which Iran set out in a June interim agreement with the United States, a senior security official told Iranian state media.

US natural gas futures rose 5% on Monday as forecasts for colder weather and lower production boosted expectations for stronger heating demand, lifting prices to their highest level in three weeks. Front-month gas futures for December delivery on the New York Mercantile Exchange traded 16.2 cents higher, or 5.4%, to $3.16 per million British thermal units, after touching their highest level since October 19 earlier in the session.

• The 2-year note yield, which typically moves in step with Fed interest rate expectations, rose 0.81 basis point to 4.53%.
• The yield on benchmark US 10-year notes fell 1.39 basis points to 4.845%.
• The yield curve between 2- and 10-year notes flattened to 31.3 basis points.

Shares of Nvidia tumbled 8% at the opening bell Monday after the computer chip maker, central to the artificial intelligence race, opened an investigation into reports that CEO Jensen Huang was the "target of a foreign intelligence effort."

Read: Nvidia opens lower

Read: Nvidia opens lower

The Dow Jones Industrial Average rose 540.52 points, or 1.05%, at the open to 51,826.25. The S&P 500 rose 59.90 points, or 0.81%, at the open to 7,436.76, while the Nasdaq Composite rose 200.72 points, or 0.82%, to 24,780.15.

Nvidia shares fell more than 4% in post-market trading on Monday, slipping to $178 apiece, after CEO Jensen Huang acknowledged having an intimate relationship with a business executive reportedly identified by US intelligence agencies as a Chinese spy. Wall Street brokerage Bernstein, however, maintained its Outperform rating on the stock with a target price of $4,000, while warning that the controversy could become a significant distraction for the chipmaker and expose it to greater regulatory scrutiny. (Read)

HealthSpan Partners, an affiliate of nonprofit hospital system Bon Secours Mercy Health, is sweetening its bid for Surgery Partners to about $6 billion after the receipt of an unsolicited competing proposal from a third party. Surgery Partners shareholders will now receive $25.00 per share in cash compared to the previous offer of $23.50 per share.

The US dollar eased on Monday after posting its biggest gain in nearly six months on Friday when robust US jobs data boosted bets for higher interest rates. The dollar also got support from a rout in AI stocks at the end of last week that drove investors to seek safe-haven assets, but market sentiment generally improved on Monday.

It was helped in part by a 3.3% drop in Brent crude futures after US President Donald Trump downplayed the likelihood of renewed strikes on Iran.

Alphabet's Google is introducing two new variations of its in-house tensor processing units, Bloomberg News reported on Monday. The search giant's shares were up more than 2% in premarket trading. Through last close, the stock has fallen 9% so far this year.

Citigroup strategists downgraded US equities to "neutral" from "overweight," saying they were looking for cleaner positioning and more stable sentiment around AI stocks after a sharp selloff on concerns about soaring AI spending and tougher regulation.


"We worry that positioning on key indices, such as the Nasdaq, could reset lower into net-short territory," Citigroup strategists led by Beata Manthey said in a note on Monday.

Earnings are due on Monday from investment giant KKR and Constellation Energy, an energy firm with exposure to the AI boom. KKR was up 3.7% ahead of the results, while Constellation was flat.

S&P 500 companies have delivered a strong earnings season, with 82.4% of the 335 firms that had reported results as of Thursday beating estimates, according to LSEG Data and Analytics.

Shares of some chipmakers fell premarket, with Intel , Marvell Technology and Qualcomm down between 0.5% and 1%. The Philadelphia Semiconductor Index ended Friday with its biggest weekly loss since March 2025.

"The AI correction in equities could have much further to run," wrote Thomas Mathews, head of markets for Asia Pacific at Capital Economics.

Shares of Nvidia, the second most valuable company in the world, fell 4.8% premarket after an internal investigation into whether CEO Huang had been targeted by a foreign intelligence effort raised questions about his future at the AI chipmaker.

US stock index futures rose sharply on Monday as investors sought bargains following last week’s steep equity sell-off, while awaiting clarity on the controversy involving Nvidia CEO Jensen Huang. Dow futures climbed 545 points, or 1.06%, while S&P 500 and Nasdaq 100 futures gained 0.66% and 0.42%, respectively.