U.S. stocks rallied Monday, Nov. 9, with the S&P 500 posting its largest one-day gain in seven months as oil prices fell amid reported progress in U.S.-Iran nuclear talks.
The S&P 500 and Dow Jones Industrial Average each finished more than 2% higher. A semiconductor index rose nearly 7%, bringing its two-session advance to 11%.
Brent crude briefly fell nearly 8% at its session low, while U.S. crude declined more than 6%. Gold, silver and copper gained as the dollar index weakened.
Bitcoin (BTC) stood at $75,255 at 6:58 p.m. ET on Nov. 9.
After meeting Qatar’s prime minister Monday, President Donald Trump said military action was unnecessary at that point. He said the United States remained ready to respond if the situation in the Middle East shifted.
Qatar has also been involved in the diplomatic effort. EconoTimes previously covered Qatari mediators’ return to Tehran as talks continued.
