Rallies for Nvidia and Big Tech help Wall Street nearly erase last
week's loss
[November 11, 2025] By
STAN CHOE
NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market
got back to rallying on Monday, and Wall Street recovered most of its
loss from last week.
The S&P 500 climbed 1.5% and clawed back nearly all its drop from last
week, which was its first weekly loss in four. The Dow Jones Industrial
Average rose 381 points, or 0.8%, and the Nasdaq composite jumped 2.3%
for its best day since May.
Nvidia was by far the strongest force lifting the market and leaped
5.8%. It was a powerful rebound after Nvidia and other winners of the
frenzy around artificial-intelligence technology led last week’s drop.
Critics say their stock prices shot too high and too fast in the AI
mania, drawing comparisons to the 2000 dot-com bubble that ultimately
burst.
Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and
other companies, saw its stock that trades in United States rise 3.1%
after reporting that its revenue climbed nearly 17% in October from a
year earlier. While such growth is strong compared with other companies,
it’s a slowdown from TSMC’s earlier performance.
Another AI darling, Palantir Technologies, jumped 8.8% for the biggest
gain in the S&P 500. That helped it recover some of its loss since it
delivered a profit report last week that topped analysts’ expectations.
Drops for several health insurers helped keep the market’s gains in
check. They fell as uncertainty remains about whether Washington will
extend expiring health care tax credits, a sticking point on Capitol
Hill that’s created the longest-ever shutdown for the U.S. government.
That’s even as the Senate took the first steps on Sunday to end the
shutdown.
President Donald Trump suggested in a social media post over the weekend
that cash being sent to “money sucking” insurance companies should
instead go directly to people so they can buy their own health
insurance.
Humana fell 5.4%, Elevance Health sank 4.4% and Centene dropped 8.8%.
Elsewhere on Wall Street, Berkshire Hathaway slipped 0.4% as its CEO,
famed investor Warren Buffett, warned shareholders that many other
companies will fare better in the decades ahead because of Berkshire
Hathaway’s massive size. Buffett, 95, is set to step down in January.
[to top of second column] |
Options trader Brian Garvey works on the floor of the New York Stock
Exchange, Thursday, Nov. 6, 2025. (AP Photo/Richard Drew)
 Tyson Foods climbed 2.3% after the
seller of chicken, beef and pork reported a stronger profit for the
latest quarter than analysts expected.
Roughly four out of every five companies in the S&P 500 that have so
far reported their results for the summer have also topped analysts’
profit expectations, according to FactSet. Companies usually beat
analysts’ estimates each quarter, but the pressure was high this
time around because they needed to justify the big moves upward for
their stock prices since April.
Delivering bigger profits is one of the easier ways companies can
quiet criticism that their stock prices have become too expensive.
Companies have also generally been giving strong forecasts for
upcoming results, according to Bank of America strategist Savita
Subramanian. That has analysts’ expectations for earnings in 2026
nearly all the way back to where they were before Trump shocked
financial markets in April with his “Liberation Day” announcement of
worldwide tariffs.
All told, the S&P 500 rose 103.63 points to 6,832.43. The Dow Jones
Industrial Average climbed 381.53 to 47,368.63, and the Nasdaq
composite rallied 522.64 to 23,527.17.
In stock markets abroad, indexes rallied across much of Europe and
Asia.
South Korea’s Kospi jumped 3% for one of the bigger gains. Chip
company SK Hynix, which is cooperating with Nvidia on artificial
intelligence, leaped 4.5%. Its bigger rival, Samsung Electronics,
climbed 2.8%.
In the bond market, the yield on the 10-year Treasury held at 4.11%,
where it was late Friday.
___
AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
All contents © copyright 2025 Associated Press. All rights reserved
 |
