MARKETS LIVE: Wall Street rebounds from worst weekly sell-off as Dow jumps 540 points, Nvidia slides 6%
10:00 am EST: US markets open on a high
Wall Street opened higher on Monday as US stocks recovered from last week’s sharp sell-off.
The Dow Jones Industrial Average climbed 540.52p, or 1.05%, to 51,826.25 at the opening bell, while the S&P 500 gained 59.90ps, or 0.81%, to 7,436.76.
The Nasdaq Composite advanced 200.72p, or 0.82%, to 24,780.15.
The Nasdaq Composite advance in the first few minutes were held back only by a steep fall in Nvidia shares amid mounting corporate governance concerns at the AI chipmaker.
Investors were also positioning themselves ahead of key US inflation figures due later this week, which could influence expectations for the Federal Reserve’s interest-rate policy.
Dow Jones extended its gains soon after open, rising 674p, or 1.31%, to 51,959.72, as buying gathered momentum.
Wall Street’s opening session showed a mixed reaction among major technology and consumer-facing stocks, with Meta Platforms and American Airlines leading the gainers while Nvidia came under heavy selling pressure.
Meta Platforms surged 5.54%, or $33.80, to $643.95, making it the strongest performer among the four stocks, as investors showed strong demand for the social media group.
American Airlines climbed 6.45%, or $0.85, to $14.03, potentially benefiting from lower oil prices.
CoreWeave gained 2.50%, or $1.16, to $47.56, suggesting investors were still willing to buy into AI infrastructure companies despite weakness elsewhere in the technology sector.
Nvidia fell about 6% to $176.33, indicating continued pressure on the chipmaker after chief executive Jensen Huang admitted to an affair with a woman suspected of spying for China, prompting the company to launch an internal investigation.
London shares were higher on Monday afternoon, with the FTSE 100 outperforming the FTSE 250 as mining stocks led gains among blue-chip companies.
The FTSE 100 rose 52.24p, or 0.49%, to 10,726.18, while the FTSE 250 gained 88.86p, or 0.36%, to 24,593.18.
9:00 am EST: Nasdaq 100 futures up
Nasdaq 100 futures were up 240p, or 0.89%, to 27,326, pointing to a stronger opening for US technology and growth stocks.
The FTSE 100 was up 92p, or 0.87%, to 10,766.8 at 1:53 pm GMT, extending its gains as London’s blue-chip shares advanced.
The index’s rise suggests broad strength among large-cap stocks, although the index figure alone does not reveal which sectors or constituents drove the advance.
Together with the Nasdaq, the figures point to a broadly positive tone across equity markets.
London’s mining stocks dominated the risers on Monday, with Antofagasta leading the FTSE 100 leaderboard as copper and precious-metal producers advanced.
Antofagasta climbed 5.01%, or 156p, to 3,269p, while Endeavour Mining rose 4.67%, or 191p, to 4,285p.
Anglo American gained 4.43% to 3,865p and Fresnillo added 4.26% to 2,620p, while Glencore advanced 3.12% to 510.6p.
Babcock International was also among the strongest performers, rising 3.33% to 1,040p, while British Airways owner IAG gained 2.90% to 446.3p.
Prudential added 2.88% to 949.2p, BAE Systems rose 2.22% to 1,887p and Rolls-Royce advanced 2.19% to 1,288.8p.
At the other end of the index, Imperial Brands was the biggest faller, shedding 1.68% to 2,923p, followed by London Stock Exchange Group, which dropped 1.54% to 9,316p.
British American Tobacco fell 1.47% to 4,500p, while Tesco lost 1.30% to 546.8p and Ithaca Energy declined 1.29% to 244.8p.
Shell slipped 1.28% to 3,675p, while BT Group fell 0.97% to 214.9p, with Coca-Cola Europacific Partners, RELX and Sainsbury’s also among the fallers.
The contrast pointed to strong demand for mining shares, while tobacco, energy and selected consumer stocks were under pressure.
The digital services and software group Kainos shares were down over 11% to 1,083p on Monday at 1:24 pm GMT, despite the digital services group reporting a return to strong growth in its interim results for the six months to 30 September.
The sharp market reaction suggests investors were more concerned about pressure on profitability and the outlook than the headline growth figures.
Margin compression appears to have been a key concern, while the absence of detailed full-year guidance may have added to uncertainty about the group’s earnings prospects.
Best of the brokers
Kainos Group PLC (LSE:KNOS) (LSE: KNOS) delivered first-half revenue ahead of expectations, with adjusted pre-tax profit in line with consensus and guidance for second-half growth matching market forecasts. Peel Hunt reiterated its Add rating and 1,250p target price, with no changes to full-year estimates.
Vistry Group PLC (LSE:VTY) (LSE: VTY) saw Panmure Liberum halve its target price to 312p from 625p following a restructuring that lowered medium-term return ambitions and expected tangible net asset value. Despite this, the broker maintained a Buy rating, with the new target implying 18.5% upside from Friday’s close of 263.2p.
Rightmove PLC (LSE:RMV) (LSE: RMV) had its target price raised to 555p from 545p by Panmure Liberum, reflecting AI-driven efficiency gains. However, the broker retained a Hold rating due to weakness in the housing market, despite management forecasting revenue growth of more than 6% in FY2026 and a similar rate in FY2027.
International Airlines Group (LSE: IAG), owner of British Airways and Iberia, reported a 16% decline in Q3 operating profit due to higher fuel costs. Panmure Liberum nevertheless maintained its Buy rating and 620p target price.
8:00 am EST: Wall street may open strong
US stock markets are pointing to a stronger opening on Monday, with futures signalling a recovery following last week’s technology-led sell-off.
Dow Jones futures for December 2026 rose 484p, or 0.94%, to 51,869, while Nasdaq 100 futures gained 159.25p, or 0.59%, to 27,244.50.
S&P 500 futures: 7,455.50, up 0.72%.
The US pre-market session at 7:45 am EST showed a mixed picture, with gains in financial, energy, industrial and selected technology stocks offset by sharp losses in semiconductor, AI infrastructure and biotechnology shares.
Nvidia was down 5.97% to $175.50, making it one of the biggest fallers and the most actively traded stock in the screenshot, with volume of about 15 million shares.
Advanced Micro Devices gained 4.58%, while Nvidia fell nearly 6%. Broadcom was up 2.25%, but Intel was virtually unchanged and Marvell gained only 0.57%.
Only five of the world’s 100 largest cryptocurrencies by market capitalisation have gained at least 1% over the past 24 hours, highlighting the widespread weakness across the digital asset market.
The gainers are ARB, RNDR, PEPE, QNT and GT, while major cryptocurrencies including bitcoin, trading at $74,594.11, ether at $2,123.36, XRP and solana are in negative territory, with only a handful of other tokens managing modest gains.
Some of the downward trend is being attributed to the sell-off in some tech stocks as well as Nvidia shares falling in pre-market trade after chief executive Jensen Huang admitted to an affair with a woman suspected of spying for China, prompting the company to launch an internal investigation.
Gold prices rose to $4,117.72 an ounce, gaining $50.70, or 1.25%, as investors sought exposure to the precious metal amid continuing uncertainty in global financial markets.
The FTSE 100 was up at 73.77p, or 0.69%, to 10,747.71, at 12:50 pm GMT, extending its gains as London shares benefited from improved investor sentiment.
12:00 noon GMT: London shares up
London’s stock market was broadly higher on Monday noon, with the FTSE 100 supported by gains in precious-metal miners, while the FTSE 250 outperformed.
The footsie was up 79p at 10,753, while FTSE 250 was up 157p at 24,661 by 11.52 am GMT, reflecting stronger buying interest in mid-cap shares.
The indices were supported by gains in precious-metal miners, lower oil prices and easing inflation concerns, while investors assessed the latest UK jobs report.
US stock futures were higher on Monday, as investors looked for bargains following last week’s sharp technology-led sell-off.
Wall Street seems heading for a modest recovery, but technology stocks remain vulnerable after last week’s sell-off.
Chip stocks subdued as investors await earnings. Shares of several chipmakers fell in pre-market trading on Monday, with Intel, Marvell Technology and Qualcomm down between 0.50% and 1.21%.
One other blimp is Nvidia whose shares fell 4.5% in pre-market on Monday morning after an internal investigation into whether chief executive Jensen Huang had been targeted by a foreign intelligence operation raised questions about his position at the world’s most valuable chipmaker.
The probe, announced on Sunday, followed a media report alleging that Huang had a close relationship with a Chinese businesswoman who passed information to Beijing.
Huang told Nvidia employees that he had been unfaithful to his wife but did not disclose details of the relationship, reports Reuters.
Brent crude prices extended their losses on Monday, with January 2027 futures falling to $94.77 a barrel, down $3.55, or 3.61%, as expectations of easing tensions in the Middle East and concerns about weakening demand reinforced fears of a global oil supply surplus. US President Donald Trump also played down the likelihood of renewed strikes against Tehran.
Prices have continued to retreat after last week’s sharp decline, with high energy costs weighing on consumption and the prospect of recovering Middle Eastern exports adding to downward pressure.
The dollar index fell 0.3% to 101.88 on Monday, following its biggest gain in nearly six months on Friday.
The US dollar weakened against major currencies on Monday, retreating from Friday’s sharp rally as improving investor sentiment reduced demand for safe-haven assets.
The greenback fell 0.45% against sterling to 0.7451 and 0.43% against the euro to 0.8934 on Monday, while also losing ground against the Australian dollar and Japanese yen.
11:00 am GMT: Small-cap round up
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) (AIM: SEE, OTC: SEEMF, FRA: M2Z) said 10 million vehicles on the road are now equipped with its driver and occupant monitoring technology, while the number of new vehicles fitted with its systems nearly quadrupled year on year in the September quarter.
Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF) (AIM: TYM, OTC: TTIRF, FRA: TMU) said on Monday it had started drilling beneath its Mushima North silver-copper-zinc discovery in Zambia after final Phase 4 results showed mineralisation extending below its existing exploration target.
SRT Marine Systems PLC (LSE:SRT) (LSE: SRT), a provider of maritime surveillance and navigation safety systems, flagged a material uncertainty over its ability to continue as a going concern in its annual results, despite reporting a pre-tax profit of £10.7 million.
Reveille Resources (FRA: 1TN), an Italy-focused uranium exploration and development company, has proposed appointing former UK deputy prime minister Dominic Raab as an independent non-executive director.
The appointment is subject to regulatory due diligence and completion of onboarding requirements, including the provision of information and documentation requested by the company and its Aquis corporate adviser, Allenby Capital.
10.00 am GMT: Miners dominate leaderboard
The FTSE 100’s rebound gathered pace by 10.00 am GMT, with the index up 62 points, or 0.6%, at 10,736 after falling as low as 10,654 earlier in the session.
Mining stocks dominated the leaderboard, with Endeavour Mining up 3.6%, Antofagasta 3.5%, Fresnillo and Anglo American both around 2.9%, and Glencore 2.3% higher.
Babcock International gained 3%, while IAG advanced 2.5% as the airline group extended its recovery following last week’s results.
Coca-Cola HBC rose 2.1%, Metlen Energy & Metals added 1.8% and Airtel Africa gained 1.8%.
The broader move marked a clear improvement from the cautious opening, with investors returning to resources and other cyclical stocks.
9.00 am GMT: Footsie extends rebounds
The FTSE 100 extended its early rebound to trade 52 points, or 0.5%, higher at 10,726 by 9.00am GMT, having recovered from an intraday low of 10,654.
Mining stocks led the advance, with Antofagasta up 3.6%, Endeavour Mining 3.5%, Anglo American 2.9% and Fresnillo 2.7%.
IAG gained 2.9% while Babcock International advanced 2.6%.
The FTSE 250 was 0.3% higher at 24,582, with Meridian Mining up 4.2% after advancing its Cabaçal project towards a final investment decision.
Kainos was the standout faller, dropping 9.1% despite reporting 37% revenue growth, as investors focused on weaker gross margins.
8.15am GMT: London edges higher
The FTSE 100 was up 13 points, or 0.1%, at 10,687 shortly after the open on Monday, recovering from an early low of 10,652 as sentiment improved following last week’s global sell-off.
The blue-chip index briefly reached 10,692, compared with Friday’s close of 10,674.
Coca-Cola HBC led the risers with a 3.4% gain, while Scottish Mortgage Investment Trust rose 2.5%, Endeavour Mining added 2% and Rolls-Royce gained 1.7%.
IAG advanced 1.9%, extending its recovery following last week’s results.
Entain was the standout faller, dropping 3.9%, while Sage lost 3.2% and Airtel Africa slipped 0.3%.
The steadier opening followed a strong rebound in Asian technology stocks overnight.
7.00 am GMT: London eyes a firm start
The FTSE 100 is expected to open around 0.1% higher on Monday after losing 1% on Friday, with improving sentiment towards technology stocks providing a more supportive global backdrop.
Wall Street stabilised on Friday after the previous session’s rout, with the Nasdaq gaining 1.1% and S&P 500 adding 0.3%, although the Dow slipped 0.5%.
The recovery accelerated in Asia, where Japan’s Nikkei jumped 3.5%, Taiwan surged 5.7% and South Korea’s KOSPI gained around 1.7%, while Hong Kong edged higher.
Australia’s ASX 200 closed almost flat at 9,030.
Gold rose 1.3% to around US$4,127 an ounce, while Brent crude fell 1.2% towards US$97.
Bitcoin has fallen below US$75,000 as cryptocurrency markets extend their recent sell-off, with Ethereum, Solana and XRP also under pressure amid heavy ETF outflows and renewed concerns over US regulation.
In London, investors will watch half-year results from Kainos and a trading update from Kingspan, alongside signs of further cooling in the UK jobs market.