Wall Street Futures Rise as Oil Prices Fall Ahead of US Inflation Data: Dow Jones, S&P, Nasdaq Fiona Craig Mon, November 9, 2026 at 9:19 AM EST 2 min read NVDA -5.99% CL=F -4.10% ^IXIC +1.76% ^GSPC +1.45% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stock futures pointed to a higher opening on Monday as a decline in crude oil prices supported market sentiment following Friday's recovery from a technology-led sell-off.
US crude oil futures fell more than 4% after President Donald Trump indicated that further military strikes against Iran were "highly unlikely" while negotiations continued over Iran's nuclear programme and the reopening of the Strait of Hormuz.
However, Secretary of State Marco Rubio said discussions had made limited progress, describing Iranian demands as "outrageous and ridiculous and really not realistic."
Technology stocks were positioned to extend Friday's gains, although Nvidia (NASDAQ:NVDA) fell more than 5% in premarket trading.
The semiconductor company announced an investigation into reports that Chief Executive Officer Jensen Huang had been targeted by a foreign intelligence operation.
On Friday, the Nasdaq gained 1.1% to close at 24,579.42, while the S&P 500 advanced 0.3% to 7,376.86. The Dow Jones Industrial Average declined 0.5% to 51,285.73.
Despite the recovery, the Nasdaq lost 3.4% over the week, the S&P 500 fell 2.7% and the Dow declined 0.9%.
Semiconductor shares contributed to Friday's rebound, with the Philadelphia Semiconductor Index rising 4.2% after falling 12.3% on Thursday. Networking stocks also advanced, while housing shares declined.
Economic data showed that US non-farm payrolls increased by 165,000 in October, exceeding economists' expectations of 62,000.
Employment figures for August and September were revised upwards by a combined 84,000 jobs, while the unemployment rate declined to 4.1% from 4.2%.
Michael Pearce, Chief US Economist at Oxford Economics, said: "The latest jobs data suggest labor market conditions are tightening, and with inflation well above target, that adds to the case for a December rate hike."
He added that further declines in technology shares and oil prices could reduce the likelihood of another interest rate increase in early 2027.
Separately, the University of Michigan's preliminary consumer sentiment index rose to 51.0 in November from 48.0 in October, exceeding expectations for an unchanged reading.
Investors are now awaiting upcoming inflation figures and corporate earnings announcements for further indications of the economic and monetary policy outlook.
