EL7.AI
StocksMedium•9 November 2026•
1 min read

US Tech Stocks Surge as Oil Prices Slump on Geopolitical Optimism

Key Facts

1The S&P 500 rose 2.3% and the Nasdaq jumped 2.7%, marking their best daily performances in months.
2WTI crude prices dropped by $4.77 to $86.05 on optimism regarding Iranian nuclear negotiations.
3Morgan Stanley recommended buying the AI dip, forecasting $3.4 trillion in hyperscaler spending through 2028.

The S&P 500 rose 2.3% and the Nasdaq jumped 2.7%, marking their best daily performances in months according to investinglive.com. The rally was driven by a rebound in technology shares and AI infrastructure, while WTI crude prices dropped by $4.77 to reach $86.05 amid optimism regarding Iranian nuclear negotiations.

Morgan Stanley recommended buying the AI dip, forecasting hyperscaler spending to reach $3.4 trillion by 2028. In equity markets, NVDA closed at $177.67 on November 9, 2026, while MS closed at $181.44 on November 6, 2026. The slump in oil prices followed reports of positive diplomatic progress involving Qatari mediators and Donald Trump.

Market participants are looking ahead to the US inflation report scheduled for November 10, 2026, which coincides with a speech by Federal Reserve Governor Waller on the same day.

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