End-of-day recap

Wall Street extended its rebound from last week's postelection selloff on November 9, even as Nvidia moved the other way on a board probe into its own CEO.

Nvidia fell 4.27% to $178.67, a $4.31 trillion market cap, after its board opened an independent investigation into CEO Jensen Huang. Huang admitted over the weekend to an affair with a woman multiple outlets reported had ties to Chinese intelligence. The board said it has no reason to believe secrets were compromised and still backs Huang; the stock has lost roughly $243 billion since Friday.

The S&P 500 closed at 7,556.16, up 2.43%. The Nasdaq rose 2.74% to 25,253.14, the Dow 2.15% to 52,389.75, and the Russell 2000 3.15% to 2,840.81. The VIX fell 22.31% to 19.92. Falling oil prices eased inflation concern after fears of tighter AI regulation had driven last week's selloff.

Industrials led all 11 S&P sectors, up 3.82%, with Technology at 3.73% and Energy last at 0.52%. The 10 year Treasury yield stood at 4.88%. The breadth beyond megacap tech marked a market wide bounce.

AMD closed at $508.58, up 13.26%, an $830.2 billion market cap, after Oppenheimer upgraded it to Outperform. Q3 data center revenue surged 97% to $8.55 billion; Q4 guidance of about $17 billion implies roughly 66% growth.

Micron gained 6.25% to $733.15, an $829.5 billion market cap, after TSMC said it still classifies its business as global logic IC, not memory. Seagate and Western Digital jumped as much as 11%.

Coherent jumped 16.79% to $225.19, a $44.3 billion market cap, on an earnings beat as the AI optics rebound extended; peer Lumentum rose as much as 12% on the same demand story.

Ionis Pharmaceuticals fell 21.36% to $31.00, a $5.15 billion market cap. A Q3 revenue beat was overshadowed by a 50% cut to its key drug's revenue outlook, pushing shares toward a 19 month low.

Constellation Energy jumped 10.5% after hours to $276.09. Q3 EPS of $5.06 beat the $3.90 estimate, revenue of $9.55 billion topped $9.23 billion, and 2026 guidance went up.

AST SpaceMobile climbed 14.1% after hours to $36.89 after announcing a Japan satellite venture with Rakuten alongside its Q3 update.

monday.com traded near $80 as Canaccord downgraded it to Hold and Oppenheimer cut its target to $100, two bearish calls the same day.

CrowdStrike traded at $221.92 when Bernstein SocGen Group raised its target to $177, still below the share price.

Rockwell Automation CEO Blake D. Moret bought 2,411 shares at $386.45 on Nov 9, a $931,731 open market purchase.

Nvidia led options activity with 7,014,604 contracts, 238.10% of average volume, and a 0.77 put call ratio, as traders kept buying calls on the down session. Tesla traded 2,016,508 contracts, AMD 1,212,087.

Nvidia's board review has no set timeline. The company reports earnings November 17.

Not financial advice. For informational and educational purposes only.