Dow surges 1,100 points, Nasdaq climbs more than 2% as tech rebounds from last week’s tumult: Live updates

Live updates

1. 1h ago

   Dow surges 1,100 points as tech rebounds; Nvidia drops on CEO probe

   U.S. stocks rallied Friday with the Dow jumping about 1,100 points and the Nasdaq climbing more than 2% as investors regained confidence after last week's selloff. The S&P 500 also surged. Nvidia shares fell sharply, bucking the broad market advance, after reports of an investigation into CEO Jensen Huang involving an alleged affair with a suspected spy. Asian markets rebounded earlier following the AI-sector rout. Oil prices slid, easing inflation concerns ahead of next week's crucial consumer price index report.

   Why it matters

   The rebound reverses a sharp pullback driven by AI-stock volatility and macroeconomic uncertainty. Nvidia's divergence from the S&P 500 marks a rare split for the index's largest weight. The CEO probe introduces governance risk for the AI bellwether. Markets now turn to upcoming inflation data and earnings for direction.

   What is confirmed

   • The Dow Jones Industrial Average jumped approximately 1,100 points.
   • The Nasdaq Composite climbed more than 2%.
   • The S&P 500 surged alongside the other major indexes.
   • Nvidia shares fell while the broader market rallied.
   • An investigation into CEO Jensen Huang was launched over an alleged affair with a suspected spy.
   • Asian stocks rebounded after the prior AI-sector selloff.
   • Oil prices declined, cooling inflation worries ahead of the CPI report.

   Still unconfirmed

   • Nvidia's stock drop is directly tied to the CEO probe rather than broader AI-sector profit-taking.

   What to watch next

   • Release of the U.S. consumer price index report next week
   • Nvidia's official response or further details on the board investigation
   • Upcoming earnings reports from major technology companies
   Sources used for this update (13)

   1. CNBC — Stock futures rise slightly as investors eye AI trade, brace for more data and earnings: Live updates
   2. Financial Times — Asian stocks rebound after AI rout
   3. Bloomberg.com — Asian Markets at Risk of Pressure on Nvidia Probe: Markets Wrap
   4. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise with Nvidia stock, AI trade in focus
   5. WSJ — Stock Market Today: Nvidia Stock Slides After Huang Apologizes for Affair With Alleged Spy
   6. MarketWatch — Stock Market Today: Dow jumps 1,000 points, S&P 500 and Nasdaq surge after last week’s selloff; Nvidia stock drops as CEO probe launched: live updates
   7. WSJ — U.S. Stocks Climb as Investors Regain Confidence
   8. Bloomberg.com — Nvidia Sees Historic Split From S&P as Stock Sinks, Market Soars
   9. CNBC — S&P 500 futures are little changed as traders brace for crucial consumer inflation report: Live updates
   10. Yahoo Finance — Why Nvidia Stock Was Down Today
   11. Investing.com — U.S. stock futures steady after tech-led rebound; CPI in focus
   12. Reuters — Wall St jumps as oil slide cools inflation worries; Nvidia slumps
   confidence 92%