Wall Street staged a striking comeback on Monday, November 10, 2025, as Big Tech and other high-profile U.S. stocks powered a broad rally that helped the market claw back most of its losses from the previous week. The S&P 500 surged 1.3%, recouping three-quarters of its prior drop, which had marked its first weekly decline in a month. The Dow Jones Industrial Average rose by 245 points, or 0.5%, while the tech-heavy Nasdaq composite leaped 2.1% higher, according to reporting from the Associated Press.
Leading the charge was Nvidia, whose shares soared 4.8%—the single largest force propelling the day’s gains. The chipmaker’s rebound came after it and other tech giants at the center of the artificial intelligence (AI) investing frenzy had stumbled the week before. Critics have warned that the rapid ascent of AI stocks, reminiscent of the 2000 dot-com bubble, may have pushed valuations too high, too fast. But Monday’s rally suggested investors remain confident, at least for now, in the sector’s long-term prospects.
Taiwan Semiconductor Manufacturing Co. (TSMC), a key supplier to Nvidia and other tech firms, added to the upbeat mood. Its U.S.-traded shares climbed 3.1% after the company reported a robust 17% jump in October revenue compared to a year earlier. While that’s a slowdown from TSMC’s earlier breakneck growth, it still stands out in a market where many companies are struggling to expand.
Palantir Technologies, another favorite among AI-focused investors, delivered the biggest gain in the S&P 500 on Monday. Its stock jumped 8.9%, bouncing back after a strong profit report the previous week had initially failed to impress the market. The company’s results topped analysts’ expectations, helping to soothe worries about whether the sector’s sky-high valuations are justified.
Not all corners of the market shared in the optimism. Health insurers faced renewed pressure as uncertainty swirled around the fate of expiring health care tax credits, a key sticking point in the ongoing U.S. government shutdown—the longest in American history. Shares of Humana fell 3.3%, Elevance Health dropped 3.8%, and Centene tumbled 7.6%. The political stalemate in Washington has left insurers, investors, and millions of Americans in limbo. Over the weekend, President Donald Trump weighed in on social media, suggesting that funds currently sent to what he called “money sucking” insurance companies should instead go directly to people to buy their own health insurance.
Meanwhile, the shutdown’s ripple effects became even more visible. Thousands of flights were canceled over the weekend as a growing number of air traffic controllers—unpaid for weeks—stopped showing up for work. Airport towers faced critical shortages, leading to widespread delays and travel headaches for passengers across the country. The Associated Press noted that these disruptions highlighted just how deeply the impasse in Washington was affecting everyday life, not to mention the broader economy.
Another consequence of the shutdown: key government reports on jobs and the economy have been delayed, leaving investors and policymakers flying blind. Once the government resumes normal operations, the sudden release of backlogged data could jolt financial markets—especially if the numbers upend traders’ expectations about the path of the U.S. economy and Federal Reserve policy.
Wall Street is betting that the Federal Reserve will continue to cut its main interest rate in the months ahead, hoping to support a job market that has shown signs of cooling. Lower rates are typically a boon for stocks, making borrowing cheaper and boosting investment. But there’s a catch: if inflation ticks higher, the Fed might have to slam the brakes on rate cuts to keep prices in check. As the AP reported, the central bank has signaled that it’s prepared to pause its easing campaign if inflation proves more stubborn than hoped.
With official economic data stuck in limbo, traders have turned to corporate earnings for clues about the health of the economy. Tyson Foods offered a bright spot, with its stock climbing 1.6% after the company posted stronger-than-expected quarterly profits. Tyson benefited from price increases of 11% to 17% in its pork and beef businesses, helping it offset rising costs and sluggish demand elsewhere.
More broadly, about four out of every five S&P 500 companies that have reported summer 2025 results have beaten Wall Street’s profit forecasts, according to FactSet data cited by the AP. While companies often manage to top analysts’ estimates, the pressure was especially intense this quarter. After months of heady gains, investors wanted to see real earnings growth to justify lofty stock prices. Many companies have also issued upbeat forecasts for the months ahead. Bank of America strategist Savita Subramanian told the AP that these strong outlooks have nearly restored analysts’ expectations for 2026 earnings to where they stood before President Trump’s surprise “Liberation Day” announcement of worldwide tariffs in April rattled the markets.
International investors joined in Monday’s rally. Stock indexes across Europe and Asia finished higher, with South Korea’s Kospi index up 3%—one of the strongest performances globally. SK Hynix, a chipmaker working closely with Nvidia on AI projects, leapt 4.5%, while its larger rival, Samsung Electronics, rose 2.8%. The upbeat sentiment was a welcome change after weeks of global market volatility tied to U.S. political drama and concerns about the future of trade.
In the bond market, the yield on the 10-year U.S. Treasury note edged down slightly to 4.10% from 4.11% late Friday. Lower yields generally reflect expectations of slower economic growth or further interest rate cuts, both of which can make stocks more attractive relative to bonds.
Still, the mood on Wall Street remains cautious. The government shutdown, while showing early signs of resolution after the Senate took initial steps on Sunday to end the standoff, continues to cast a shadow. Investors are keenly aware that a sudden release of delayed economic data—or a surprise twist in the debate over health care tax credits—could quickly change the market’s trajectory.
For now, though, the rally in Big Tech and AI stocks is giving investors a reason to smile. The question on everyone’s mind: can the momentum last, or is another bout of volatility lurking just around the corner? Only time—and perhaps the next round of earnings reports—will tell.
As traders and analysts pore over every new data point and corporate forecast, one thing is clear: the interplay between politics, policy, and profits is as complex—and unpredictable—as ever. But on this particular Monday, Wall Street’s optimism won out, if only for a day.
