Stocks have their best day since April and oil drops, but Bitcoin stays flat before CPI
Published · by Hunt4Coin
US stocks had their strongest session since April on Monday 9 November 2026 and Brent crude fell almost 6% after comments on Iran, but Bitcoin ended the US session roughly flat near $74,800, a split that leaves crypto waiting on Tuesday's US inflation report (JournalArta; CappNotes; KuCoin).
How each market reacted on Monday 9 November
| Market | Move on 9 Nov | Level |
|---|---|---|
| S&P 500 | +2.35% | 7,549.94 |
| Nasdaq Composite | +2.74% | 25,253.14 |
| Dow Jones | +2.15% (+1,104 points) | 52,389.75 |
| Brent crude (settle) | −5.85% | $92.57 |
| WTI crude (settle) | −4.38% | $86.85 |
| Gold (futures) | +1.86% | $4,150.50 |
| US dollar index (DXY) | −0.61% | 101.67 |
| VIX volatility index | −22.3% | 19.92 |
| Bitcoin (US evening) | +0.08% | $74,776.59 |
| Ether (US evening) | about unchanged | $2,124.41 |
Stock, oil, gold, dollar and VIX figures are closing levels from CappNotes' closing recap; the Bitcoin and Ether figures are JournalArta's snapshot at 21:14 GMT. JournalArta's own table gives spot gold at $4,138.65 (+0.11%) and Brent at $92.91 (−5.5%) at that time, so the gold move depends on whether futures or spot is used.
CappNotes called it the S&P 500's best day since 8 April, with every sector higher and chip stocks leading (the SOXX semiconductor ETF +7.49%, AMD +9.2%). The exception was Nvidia, down about 4.3% after its board opened an investigation into reports about chief executive Jensen Huang.
Why stocks and oil moved
Oil fell after President Trump said renewed strikes on Iran were "highly unlikely" if talks progress (CappNotes); KuCoin's daily report put the drop down to growing expectations of progress in US–Iran talks. Brent closed at its lowest since early September. Cheaper oil eases inflation worries, and stocks also bounced back from last week's sharp technology sell-off, when the S&P 500 had its worst week since April 2025 (Zerocap; as we reported on 6 November).
Why crypto lagged
- No fresh buying. KuCoin's daily report says crypto "notably underperformed" and cites a continued lack of fresh buying. At 00:00 UTC on 10 November it had Bitcoin at $75,356.50 (+0.69%) and Ether at $2,135.24 (+0.36%), with the Crypto Fear & Greed Index at 32, up from 29.
- ETF outflows. US spot Bitcoin ETFs lost about $1.28 billion in the week of 2–6 November, their worst week since late June (Blockhead; see our 8 November report). No figure for Monday's flows had been published in the sources we checked.
- Rates. Blockhead argues Bitcoin is trading like a leveraged bet on interest rates and the Nasdaq; with CME FedWatch pricing roughly a 77–78% chance of a December rate hike after last week's strong jobs report, a stock rally driven mainly by cheaper oil did not carry over to crypto on the day.
Live prices and exchange candle charts: Bitcoin, Ethereum.
What comes next: US CPI, Tuesday 10 November, 8:30 a.m. ET
- Economists polled by Dow Jones expect October consumer prices to rise 0.3% on the month and core prices (without food and energy) 0.2% (CappNotes). Blockhead's nowcasts are similar: headline +0.2% to +0.3%, core about +0.2%, after September's 0.6% and 0.3%.
- The Bureau of Labor Statistics will not publish 12-month changes for indexes that lack October 2025 data because of last year's government shutdown (Blockhead), so the monthly figures carry more weight than usual.
- Also this week: Fed Governor Waller speaks on Tuesday, producer prices (PPI) on Friday 13 November.
We don't forecast the reaction. Around data releases like this, crypto charts often show a burst of volume and long wicks on 1- to 15-minute candles in both directions in the first minutes, so the Trading Mastery Program teaches waiting for closed candles before reading a move. Compare the 15-minute and daily views on the free candle charts, see which top-100 coins are oversold or overbought in the crypto screener, or set a price alert instead of watching the screen.
Information only, not financial advice. Trading crypto, stocks, metals, oil or forex is risky; never trade money you can't afford to lose.
Sources
- JournalArta: Stock market today, S&P 500 up 2.35% to 7,549.94 and Nasdaq up 2.74% as oil falls and VIX drops (9 Nov 2026)
- CappNotes: Closing Look, Monday 9 November 2026 (AI-assisted recap)
- KuCoin News: Crypto Daily Market Report, 10 November 2026
- Blockhead: Bitcoin enters CPI week bruised, with rates, AI stocks and Washington all pulling the same way (9 Nov 2026)
- Zerocap: Weekly crypto market wrap, 9 November 2026
- StockTitan: The stock market today, 9 November 2026 (live, citing CNBC)