What Happened Today, Monday November 09, 2026, 5:00 PM ET close
Nasdaq 100 Jumps 3.65% and S&P 500 Gains 2.41% as Oil Prices Ease
A big Monday rally for US stocks, with tech out in front, while headlines on the Iran war and lower oil prices stayed in focus.
ES and NQ at the close
NQ, Nasdaq 100 futures
28,073.25
+3.65% on the day
Day range 26,751.25 to 28,129.25
ES, S&P 500 futures
7,580.25
+2.41% on the day
Day range 7,363.75 to 7,600.50
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No clean setup, no trade: staying flat is a position too.
Our automated paper book stayed flat today. No strategies fired on NQ or ES, so there were no winners, no losers, and the net result was $0.00. Even with a big move in the market, none of the setups met our entry rules, and we would rather skip a day than force a trade.
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The story
US stocks had a strong start to the week on Monday. Nasdaq 100 futures closed up 3.65% at 28,073.25, and S&P 500 futures finished up 2.41% at 7,580.25, a clear sign that technology led the way. Headlines kept returning to the war with Iran, with Trump set to meet Qatar, the mediator, and no quick deal in sight. Even so, lower oil prices helped ease worries about inflation, and that backdrop matched a day of strong buying.
The MAG7 and the megacaps
We do not have individual stock moves for the Magnificent 7 in today's data, so we will not guess at them. What we can say is that the Nasdaq 100, which is packed with the biggest tech names, rose far more than the S&P 500 (3.65% versus 2.41%). That gap suggests large technology companies carried much of the day's gain.
After the bell
Lower oil prices ease inflation worries
Reuters reported that gold gained as lower oil prices eased inflation fears. Cheaper oil can take some pressure off prices across the economy, which tends to be welcome news for stocks.
Iran war diplomacy stays in focus
Trump is set to meet Qatar, the mediator in the war, but Reuters says no imminent deal is expected. Iran defended its two-day proposal for peace talks after the US rejected its conditions.
Strait of Hormuz remains a watch point
Iran said no unauthorised vessels passed through the Strait of Hormuz overnight after navigation aids were destroyed. The waterway matters for global oil shipping, so any change there can move energy prices.
Regional outlook stays cautious
The UAE's Gargash warned of prolonged regional uncertainty and said a settlement between the US and Iran appears difficult. That keeps the risk of sudden headlines in play even after a strong day.
Crypto
Bitcoin had a calm day compared with stocks. It closed at $74,985.62, up 0.54%, after trading between $73,713.20 and $75,452.81. That is a fairly narrow range next to the big swing in stock futures.
Into the night
Overnight and early in the day, the news was mostly about the Iran war. Reuters reported that Trump is set to meet Qatar, the war mediator, and that no deal appears close. Iran defended its two-day proposal for peace talks after the US rejected its conditions, and the UAE's Gargash warned of lasting uncertainty in the region. Iran also said no unauthorised vessels passed through the Strait of Hormuz overnight after navigation aids were destroyed. On the calmer side, Indian shares closed at an 8-month high as crude oil dropped.
What is coming next
Nasdaq 100 futures high
28,129.25
Today's peak, close to where the session ended.
Nasdaq 100 futures low
26,751.25
Today's low, the level buyers defended during the session.
S&P 500 futures range
7,363.75 to 7,600.5
Today's low and high, with the close at 7,580.25 near the top.
Bitcoin high
$75,452.81
Today's peak, just above the $74,985.62 close.
After a move this big, markets can stay choppy as traders weigh whether the gains hold. The Trump meeting with Qatar and any news on the Strait of Hormuz and oil prices are the headlines most likely to steer sentiment. These levels are reference points from today's trading, not predictions.
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Educational market recap, not financial advice. Futures and options trading carry substantial risk of loss. Prices reflect the 2026-11-09 session close; charts are live and interactive. Always verify before acting.