Wall Street Rises as S&P 500 and Nasdaq Gain After Tech Sell-off
Wall Street rebounded sharply on Monday, November 9, 2026, as S&P 500 rose over 2 percent toward its best trading session since April, driven by bargain hunters returning to the market after last week’s tech sell-off.
Nasdaq Composite advanced 2.7 percent on Monday, matching the gains of the small-cap Russell 2000 index, while Dow Jones also rose more than 2 percent, efn.se reported. Truist Advisory Services chief strategist Keith Lerner described the volatile swings following the midterm elections as an impulse reaction, telling Market Watch that market sentiment shifted quickly.
The mood goes from fear of downside to fear of missing out on the upside,” Keith Lerner told Market Watch.
Industry, consumer discretionary, and communication sectors led the New York Stock Exchange higher, according to Barron’s cited via efn.se. Nvidia remained the sole exception among major technology giants and semiconductor firms, which otherwise posted broad gains.
Brent oil prices fell 4.9 percent on Monday to $93.53 per barrel. Donald Trump called it highly unlikely that the United States would launch a comprehensive offensive against Iran, easing geopolitical risk and supporting equities outside the tech sector.
Edward Jones strategist Brock Weimer told Bloomberg that the firm continues to see economic conditions providing companies with a solid foundation, maintaining an overweight recommendation for equities relative to fixed-income investments.
Morgan Stanley chief US equity strategist Michael Wilson wrote on Sunday that the correction affecting the tech-heavy Nasdaq last week has entered its final phase. He recommended accumulating cyclical stocks over the coming weeks to position for an end-of-year rally, projecting a trading range of 7,100 to 7,300 points as the current market bottom.
Key industry players such as Cisco, Applied Materials, and cloud service provider Coreweave are also scheduled to deliver quarterly earnings reports.
Wolfe Research chief strategist Chris Senyek adopted a more cautious stance on Monday. He noted that many investors remain reluctant to take bold positions immediately ahead of year-end, pointing to heavy newsflow dependency in the near term.
Last week’s sell-off saw Nasdaq plunge 5.5 percent on Thursday, November 5, 2026, marking its worst session since global tariffs were introduced in April of the previous year, according to Swedbank. Swedbank equity strategist Robert Oldstrand told Morgonbladet that the drop stemmed primarily from forced liquidations by funds as volatility surged rather than a shift in fundamental business conditions.