Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq jumps over 2% after last week's AI rout; Nvidia stock crashes 8%

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Dow Jones Today | US Stock Market Highlights: Wall Street’s main indexes trade higher on Monday as investors look past last week’s AI concerns and await clarity on the controversy surrounding Nvidia CEO Jensen Huang.

The Dow Jones Industrial Average rose 1,002.45 points, or 1.95%, to 52,288.18. The S&P 500 gained 159.91 points, or 2.17%, to 7,536.77, while the Nasdaq Composite climbed 616.40 points, or 2.51%, to 25,195.82.

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The S&P 500 gained 172.97 points, or 2.34%, to end at 7,549.83 points, while the Nasdaq Composite gained 671.13 points, or 2.73%, to 25,250.55. The Dow Jones Industrial Average rose 1,104.20 points, or 2.16%, to 52,394.36.

The dollar weakened against major currencies including the euro and yen on Monday as easing concerns about an escalation in the Iran warprompted investors to rotate back into risk assets after last week's selloff in artificial intelligence-linked stocks.

US natural gas futures rose more than 7% 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 settled 7.3% higher at $3.218 per million British thermal units, after touching their highest level since October 15 earlier in the session.

Spot gold extends its rally, climbing 2% to $4,146.22 an ounce as demand for the precious metal strengthens.

US Treasury yields rose on Monday before October's highly anticipated consumer price inflation report on Tuesday, which may sway whether the Federal Reserve hikes rates at its December meeting.

SpaceX is planning a roughly $24 billion gas-fired power plant and super-compute facility in Starbase, Texas, according to a public hearing notice.
The rockets-to-AI company's request comes as opposition to data centers grows, with voters rejecting them in 40 of 41 local ballot measures and Democrats, some of whom had campaigned on pausing new projects, taking control of the US Congress and the Texas governor's office in the midterm elections.

The Nasdaq Composite jumped 739.81 points, or 3.01%, to 25,319.24 on Monday.

nthropic announced on Monday that it would release updated versions of two of its most powerful artificial intelligence (AI) models as the San Francisco-based lab also prepares for a highly anticipated IPO this month.
The new models, Fable 5.2 and Mythos 5.2, can perform up to 30 percent faster than previous versions, particularly for complex tasks like coding, while costing 20 percent less, the company said.

Democratic US Senators Martin Heinrich of New Mexico and Sheldon Whitehouse of Rhode Island rallied on Monday for a bipartisan energy permitting bill ahead of a preliminary vote, arguing recent changes to the legislation and assurances from the Trump administration on stalled wind projects should help win over skeptics in their party.

Gold prices climbed more than 1% on Monday as the dollar eased and inflationary jitters took a back seat due to lower crude oil prices, while markets awaited US inflation data later this week. Spot gold was up 1% at $4,107.01 per ounce by 1:35 p.m. ET (1830 GMT). US gold futures for December delivery settled 1% higher at $4,114.50.

Richmond Federal Reserve President Tom Barkin said he did not have a base case for what the Fed should do at its upcoming policy meeting, with inflation and more jobs data still to come.
"I don't have a base case ... We'll get inflation. We'll get another jobs report ... Let's see where the economy goes," Barkin said. "I am not going to predict ... We are going to get to the meeting and figure it out."

Americans last month grew more worried about the labor market outlook, according to a survey released on Monday by the Federal Reserve Bank of New York.

The bank's October Survey of Consumer Expectations found that projections the jobless rate will be higher a year from now were at the highest since April 2020, a reading that hit during the tumultuous early stages of the COVID-19 pandemic.

The three-year US Treasury yield edges higher following the latest auction, rising 3.41 basis points to 4.62%.

US President Donald Trump's close relationship with embattled Nvidia CEO Jensen Huang came under renewed scrutiny on Monday, after the company said its board was investigating whether the tech executive has been the target of a foreign intelligence effort.

Huang is one of Trump's closest allies in Silicon Valley, and the relationship between the two dates to at least 2025. Over the past two years, he has repeatedly voiced support for the administration's agenda and become a regular presence in Washington as Nvidia sought to sell advanced chips to the Chinese market.

Boeing Commercial Airplanes chief Stephanie Pope told employees the planemaker will trim 5% of its commercial airplane workforce, the Seattle Times reported on Monday.

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.

Caterpillar led gains among major US stocks, rising 6.61%, followed by Goldman Sachs and Cisco Systems, which advanced 4.90% and 4.77%, respectively. Amazon, Honeywell and Nike also posted strong gains.

The US central bank should move its monetary policy "with care" as it maps a response to inflation that remains its greatest risk, Richmond Federal Reserve President Tom Barkin said on Monday.

Businesses continue to face rising costs and say they are planning to try to pass them along, Barkin said in remarks prepared for delivery to the Greater Greer Chamber of Commerce in South Carolina. After nearly six years in which inflation has been above the Fed's 2% target, "the risk lies on the inflation side of our dual mandate," Barkin said.

Honda Motor said Monday it will build a new $3 billion auto plant in central Ohio to build hybrid vehicles, creating 2,000 jobs.


The Japanese automaker said the plant will be able to produce 240,000 vehicles annually and begin production in 2029. Honda also plans new investments in Canada and Ohio, Georgia and Alabama.

Stocks of crude oil in the US Strategic Petroleum Reserve fell to 279.5 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy. The recent drawdowns have been part of a US agreement to release 172 million barrels from the facility.

Hackers behind Binance’s $6.3 billion crypto heist used six memecoins on the NEAR blockchain to obscure around $430,000 in stolen funds, Elliptic said, according to a Bloomberg report. The tokens briefly saw heavy trading before being abandoned. Meanwhile, approximately $44 million worth of stolen NEAR tokens remains untouched in wallets.

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.