Wall Street Rallies After Last Week's AI Rout as Oil Slides; Nvidia Falls

The S&P 500 rose about 1.9% to ~7,517 in morning trade Nov 9, clawing back part of the prior week's AI/semiconductor sell-off as oil prices swung lower. Nvidia bucked the rally, gapping ~8% lower after its board opened an independent investigation into CEO Jensen Huang. Markets are also watching a CPI release that analysts expect to be cooler but probably not enough to stop a December Fed hike.