Daily Market Briefing — 09 November 2026
The Nasdaq 100 closed Friday up 1.35% at 26,989.99 even as the Dow slipped, and AI stocks are back in the spotlight after midterm-election regulation fears and a fresh scandal at Nvidia. Today's session is light on data, so headlines will do the driving.
Market Recap
Friday's session was a tale of two tapes. The S&P 500 edged up 0.31% to 7,376.86, but the real action was in tech: the Nasdaq 100 jumped 1.35% to 26,989.99, while the Dow Jones lost 0.46% to 51,285.73. The S&P is now hugging the bottom of its five-day range (low 7,350.35, high 7,715.57), so the bounce still looks fragile. The backdrop was an AI-stock selloff earlier in the week, which analysts linked to fears of tougher AI regulation after the US midterms.
Key Movers & Themes
Chipmakers bounce, but trends stay broken. AMD jumped 11.04% to $449.04, with Lam Research up 8.23%, KLAC up 6.69%, Marvell up 5.73% and Micron up 5.12%. Don't mistake the rebound for a reversal: Micron, Lam and Marvell all sit below their 20-, 50- and 200-day EMAs, and Marvell's RSI is just 26.2.
Nvidia in the headlines for the wrong reasons. Nvidia has launched an investigation into CEO Jensen Huang's affair with a suspected Chinese spy, and he has said he will cooperate with a security investigation. NVDA closed up 2.78% at $186.64, but sentiment risk is live as the market reopens.
Midterms reshape the sector map. Analysts see clean energy firms, specialty REITs and airlines as potential beneficiaries of the Democratic midterms sweep, while the AI regulation worry has been a headwind for tech.
Chart of the Day
Gold closed at $4,121.90, up 1.15%, and is pressing the upper end of its five-day range (high $4,155.80, low $3,928.20). A close above $4,155.80 would confirm a breakout from the week's range, while a slide back below the prior close of $4,074.90 would suggest the move was a false start.
Economic Calendar — What to Watch Today
- 07:00 GMT, Germany: Balance of Trade (Sep) — forecast €19.6bn, previous €19.5bn. The most important release of the morning.
- 07:00 GMT, Germany: Exports MoM (Sep) — forecast 0.5%, previous -0.8%.
- 09:30 GMT, EU: Sentix Investor Confidence (Nov) — forecast 2.1, previous 2.7.
- 16:00 GMT, US: NY Fed 1-year inflation expectations (Oct) — previous 3.9%. This is the key US data point.
- 16:30 and 18:00 GMT, US: 3- and 6-month bill auctions, then the 3-year note auction.
Technical Levels to Watch
| Stock | Close | Pivot | Support (S1 / S2) | Resistance (R1 / R2) | Cam S3 / R3 | RSI | Signal |
|---|---|---|---|---|---|---|---|
| AAPL | 342.37 | 342.15 | 338.52 / 334.66 | 346.01 / 349.64 | 340.31 / 344.43 | 51.5 | Neutral |
| MSFT | 530.61 | 531.14 | 523.94 / 517.28 | 537.80 / 545.00 | 526.80 / 534.42 | 52.1 | Neutral |
| NVDA | 186.64 | 188.92 | 182.94 / 179.24 | 192.62 / 198.60 | 183.98 / 189.30 | 30.7 | Bearish |
| AMZN | 259.30 | 260.67 | 257.16 / 255.02 | 262.81 / 266.32 | 257.75 / 260.85 | 54.2 | Bullish |
| AMD | 449.04 | 447.38 | 434.96 / 420.88 | 461.46 / 473.88 | 441.75 / 456.33 | 38.4 | Bearish |
| TSLA | 358.22 | 356.55 | 349.27 / 340.31 | 365.51 / 372.79 | 353.75 / 362.69 | 42.4 | Bearish |
| META | 610.15 | 614.14 | 602.67 / 595.20 | 621.61 / 633.08 | 604.94 / 615.36 | 36.7 | Bearish |
| MU | 690.00 | 696.93 | 669.07 / 648.13 | 717.87 / 745.73 | 676.58 / 703.42 | 31.3 | Bearish |
The level that matters most today is the NVDA Camarilla S3 at $183.98 — a break below it with the CEO story still running would likely drag the wider chip complex. Breadth is poor: only 5 of the 20 Nasdaq 100 names we track are bullish on EMAs against 10 bearish, and 7 of 20 Dow names are bullish against 10 bearish. Cisco (RSI 28.3), Alphabet (29.9), Marvell (26.2) and Fortinet (23.1) are oversold, while 13 of 20 stocks in each group carry bearish MACD signals.
Commodities & Currencies
| Instrument | Price | Change | % Change |
|---|---|---|---|
| WTI Oil | $89.46 | -$1.37 | -1.51% |
| Brent Oil | $96.36 | -$1.96 | -1.99% |
| Gold | $4,121.90 | +$47.00 | +1.15% |
| Silver | $52.57 | +$0.45 | +0.86% |
| Natural Gas | $3.000 | +$0.040 | +1.49% |
| GBP/USD | 1.3386 | -0.0024 | -0.18% |
| EUR/USD | 1.1168 | -0.0024 | -0.21% |
| USD/JPY | 158.12 | +0.21 | +0.13% |
| Bitcoin | $74,228.36 | -$1,519.22 | -2.01% |
Oil eased on Friday, with Brent down 1.99% to $96.36, though the Gulf remains tense: Iran suggested blasts reported near the strait were not US attacks, while both sides reported ships being hit. Gold's 1.15% gain stands out against a softer pound and euro. Bitcoin lost 2.01% and sits near the bottom of its five-day range at $74,036.55, so that level is worth watching.
Trading Outlook
Our bias is cautiously neutral: the Nasdaq rebound is real, but weak breadth and bearish EMA structure in the chip names argue against chasing it. The catalyst that could flip it is further Gulf escalation or fresh fallout around the Nvidia investigation. Watch the S&P 500's five-day low at 7,350.35 as the line in the sand, and keep position sizes sensible into the 16:00 GMT NY Fed inflation-expectations release.
This briefing is generated using AI analysis of market data and news feeds, reviewed by the ChartsView team. It does not constitute financial advice. Always do your own research before making trading decisions.