Wall Street Roars Back as Oil Slides. Tuesday's Inflation Report Arrives Without Its Usual Yearly Number.

Stocks clawed back a big piece of last week's election-week losses Monday as crude fell and President Trump played down the risk of new strikes on Iran. Now comes the October CPI — and a quirk left over from last year's shutdown means there will be no year-over-year figure.

By Clara Hughes

Monday was the kind of day investors had been waiting for. After the S&P 500's biggest weekly drop since April 2025, stocks rallied hard. The S&P 500 gained 2.34% to close at 7,549.83, and the Nasdaq Composite jumped 2.73% to 25,250.55, according to preliminary closing data reported by Reuters. The Dow Jones Industrial Average rose 1,104.20 points, or 2.16%, finishing near 52,390. Nine of the 11 major S&P 500 sectors gained more than 1%. Industrials and consumer discretionary stocks led the way, each up about 4%. The spark was oil. Crude prices fell sharply, easing fears about inflation, as President Trump downplayed the likelihood of renewed strikes on Iran. Keep reading with Altas Premium. Below: why the AI trade bounced, the one big stock that fell, what Wall Street expects