Published November 10, 2026 Updated about 3 hours ago By Reuters NEW YORK: Wall Street’s main indexes rebounded on Monday as a drop in oil prices soothed investor nerves after last week’s selloff, even as AI heavyweight Nvidia hit a seven-month low following the controversy surrounding CEO Jensen Huang. The strong gains allayed concerns about the AI trade, which shook markets following the Democrats’ midterm triumph last week. Ten of 11 major S&P 500 sector indexes were in positive territory, with industrials and consumer discretionary leading gains. US President Donald Trump downplayed the likelihood of renewed strikes on Iran, sending crude prices lower and easing inflation concerns. Inflation will be front and center this week after the Labor Department releases its Consumer Price Index report for October on Tuesday. Markets also drew comfort from some Wall Street brokerages calling for calm. Morgan Stanley and UBS said last week’s rout in AI stocks was overdone, and the risks of extreme regulation of data center developments under a Democratic-controlled Congress were unlikely to play out. But there are other challenges. Fears of a December rate hike persisted following October’s stronger-than-expected jobs data. Nvidia, the second most valuable company in the world, fell 6.2 percent to its lowest since April after an internal investigation into whether CEO Huang had been targeted by a foreign intelligence effort raised questions about his future at the AI chipmaker. At 11:45 a.m. ET, the Dow Jones Industrial Average rose 953.53 points, or 1.86 percent, to 52,239.26, the S&P 500 gained 151.53 points, or 2.05 percent, to 7,528.39 and the Nasdaq Composite jumped 574.76 points, or 2.34…