Quote on Daily Market 10th November 2026 by Vikram Kasat - Chief Business Officer - Advisory and Dealing at PL Capital
Below the Quote on Daily Market 10th November 2026 by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
What AI Selloff? US Stocks kicked off Monday with a hearty rally, extending gains from Friday’s tepid rebound after a dramatic downturn the last week.
Nasdaq Composite surged 2.7%. S&P 500 rose 2.3%. Dow Jones climbed 2.2%, or 1,104 points.
Investors were buying the dip, and some of Monday’s biggest winners were last week’s worst performers. The PHLX Semiconductor Index jumped 6.9% after falling more than 12% last week. Other tech companies like Lumentum,
Seagate Technology, Marvell, Western Digital, and Sandisk posted big gains on Monday although each one dropped more than 25% last week.
It wasn’t just last week’s AI laggards that surged. In fact, all S&P 500 sectors ended the trading day in the green. The last time that happened was more than six months ago
Investors appear confident that the bottom is in and are grabbing the bull by the horns as stocks post a buoyant relief rally following Friday’s questionable dead-cat bounce
I feel consumer price index release, could make or break the rally. Weaker inflation data could stave off a rate rise from the Federal Reserve while a hot print would solidify a hike at next month’s meeting.
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