US Stocks Close Higher on AI Share Rebound as Oil Prices Recover
Major US stock indexes closed higher on November 11 as gains in CoreWeave and Nvidia lifted technology shares. Higher than expected US inflation raised market expectations of a Federal Reserve rate increase in December. Oil prices recovered after an Iranian official issued a warning about enriched nuclear material and further US attacks.
US stocks closed higher on November 11. The Nasdaq rose 1.6% to 25,466.19 points; the S&P 500 gained 1.31% to 7,619.38 points; and the Dow Jones rose 254.6 points, or 0.49%, to 52,486.49 points. A rebound in artificial intelligence stocks, which had been sold off for two consecutive trading days, lifted technology shares.
File photo of the US stock market.（VietVance）
Shares of cloud computing company CoreWeave rose nearly 25% after its third-quarter 2026 revenue exceeded analysts’ expectations and it raised its full-year forecasts for operating income and revenue. Nvidia shares gained 2.9% after falling nearly 10% over the previous two trading days.
Investors also focused on US inflation and the outlook for interest rates. The US Consumer Price Index rose 0.4% month on month in October, above analysts’ forecast of 0.3%. CME Group’s FedWatch tool showed that, after the data was released, the market-implied probability of a 0.25-percentage-point Federal Reserve rate increase in December rose to about 90%.
International oil prices also recovered on November 11. London Brent crude futures rose $1.27 to close at $92.76 a barrel; New York WTI crude futures gained $0.49 to close at $86.53 a barrel. Senior Iranian security official Mohsen Rezaei said that day that Iran would not allow enriched nuclear material to leave the country and warned that further US attacks would have consequences.
Shipping risks in the Strait of Hormuz remain a concern. Data from the Washington Institute for Near East Policy showed that 37 ships were attacked while passing through the route in October. LSEG’s oil and gas market research division said that even if a political agreement is reached, the recovery of vessel traffic through the strait will still depend on mine clearance, insurance costs and shipowners’ assessment of the risks.
Source: VietVance
