{"id":74416,"date":"2026-11-09T19:08:15","date_gmt":"2026-11-09T23:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wall-street-rallies-as-nvidia-navigates-ceo-probe-trump-signals-de-escalation-in-iran\/74416\/"},"modified":"2026-11-09T19:08:15","modified_gmt":"2026-11-09T23:08:15","slug":"wall-street-rallies-as-nvidia-navigates-ceo-probe-trump-signals-de-escalation-in-iran","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wall-street-rallies-as-nvidia-navigates-ceo-probe-trump-signals-de-escalation-in-iran\/74416\/","title":{"rendered":"Wall Street Rallies as Nvidia Navigates CEO Probe; Trump Signals De-escalation in Iran"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. stock indexes surged<\/strong> on Monday, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> rising 2.35%<\/strong> and the <strong>Nasdaq 100 gaining 3.4%<\/strong>, marking their strongest single-session performance since April.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares fell 4.3%<\/strong> bucking the broader tech rally as the company\u2019s board launched an investigation into CEO <strong>Jensen Huang\u2019s<\/strong> relationship with an alleged Chinese agent.<\/li>\n<li><strong>President Trump announced &quot;positive momentum&quot;<\/strong> toward ending the conflict with Iran following a meeting with Qatar\u2019s Prime Minister, contributing to a <strong>4.3% drop in <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a><\/strong> to $86.94 per barrel.<\/li>\n<li><strong>Bayer (<a href=\"\/stock\/BAYRY\">BAYRY<\/a>) received FDA approval<\/strong> for its new stroke-prevention drug, <strong>Sunharbo<\/strong>, a potential blockbuster expected to offset revenue losses from patent expirations.<\/li>\n<li><strong>Canada extended tariff relief<\/strong> on selected U.S. imports until <strong>June 30, 2028<\/strong>, aiming to support domestic industries amid ongoing North American trade uncertainty.<\/li>\n<\/ul>\n<p>Major U.S. equity benchmarks rebounded sharply on Monday, recovering from a volatile period as investors engaged in aggressive dip-buying across the semiconductor and industrial sectors. The <strong>S&amp;P 500<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong> both saw gains exceeding 2%, while the <strong>Nasdaq 100<\/strong> led the charge with a 3.4% jump. <em>Market sentiment was bolstered by a significant retreat in energy prices and optimistic rhetoric from the White House regarding Middle East stability.<\/em><\/p>\n<p>Despite the broad market rally, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) remained under pressure after reports surfaced that the FBI and the company&#39;s board are investigating CEO <strong>Jensen Huang\u2019s<\/strong> personal ties to a suspected Chinese intelligence asset. <strong>President Trump<\/strong> publicly defended Huang at a White House briefing, calling him a &quot;very honorable man&quot; and suggesting the executive was unaware of the individual&#39;s alleged background. <em>Investors are closely monitoring the probe for potential risks to <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s intellectual property and its dominant position in the global AI supply chain.<\/em><\/p>\n<p>In the pharmaceutical sector, Bayer (<a href=\"\/stock\/BAYRY\">BAYRY<\/a>) secured a major victory with the <strong>U.S. FDA approval of Sunharbo (asundexian)<\/strong>. The drug, a first-of-its-kind Factor XIa inhibitor, is designed to reduce the risk of secondary strokes without the significant bleeding risks associated with older therapies. Analysts view the approval as a critical milestone for the German conglomerate as it seeks to replace revenue from its aging blockbuster, <strong>Xarelto<\/strong>.<\/p>\n<p>Geopolitical tensions showed signs of easing as <strong>President Trump<\/strong> took to Truth Social to state that the war with Iran is &quot;militarily effectively over.&quot; Following talks with Qatari Prime Minister <strong>Sheikh Mohammed bin Abdulrahman Al Thani<\/strong>, Trump noted that regional allies prefer the current &quot;naval blockade&quot; status quo over further escalation. This perceived de-escalation sent <strong>WTI crude<\/strong> down more than 4%, providing much-needed relief for inflation-sensitive sectors.<\/p>\n<p>On the earnings front, Occidental Petroleum (<a href=\"\/stock\/OXY\">OXY<\/a>) reported third-quarter results that beat analyst expectations on the bottom line. The company posted <strong>adjusted EPS of $1.91<\/strong>, significantly higher than the estimated <strong>$1.45<\/strong>, despite a slight miss on total revenue which came in at <strong>$6.57 billion<\/strong>. <em>The strong earnings performance was attributed to operational efficiencies in the Permian Basin and sustained production levels of 1,427 Mboe\/d.<\/em><\/p>\n<p>Finally, trade relations in North America saw a tactical shift as <strong>Canada&#39;s Finance Minister<\/strong> announced an extension of tariff relief measures for U.S. imports. The horizontal remission, now effective through <strong>June 2028<\/strong>, includes targeted relief for goods in short supply, such as non-steel components used in mining and oil extraction. Meanwhile, diplomatic sources indicate the <strong>U.S. is pushing back<\/strong> against China\u2019s demands for a &quot;tightly scripted&quot; trilateral summit between Trump, Xi, and Putin, raising questions about the viability of the upcoming APEC meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. stock indexes surged on Monday, with the S&amp;P 500 rising 2.35% and the Nasdaq 100 gaining 3.4%, 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