Oil Drops 3% on Iran Diplomatic Talks; Nvidia CEO Under Investigation as Tech Rallies on November 9

According to FinanceFeeds, on November 9, West Texas Intermediate crude oil slid over 3% following renewed optimism around potential US-Iran diplomatic negotiations, easing energy supply concerns and supporting lower Treasury yields.

Equity markets demonstrated resilience despite an overnight sell-off in Nvidia shares after reports of an independent investigation into Chief Executive Jensen Huang's personal conduct. Broad indices, led by NASDAQ Composite, staged a strong intraday rally, with investors redirecting capital into alternative semiconductor firms and broader technology infrastructure plays backed by major data center agreements.

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