Stock market today ended a wild week with a split decision. On Friday, Nov. 13, 2026, the Dow Jones Industrial Average edged higher while the S&P 500 and Nasdaq Composite slipped, as Nvidia’s slide deepened one day after co-founder Jensen Huang’s abrupt exit and a hotter-than-hoped producer inflation report pushed Treasury yields to their highest level since October.
Even so, all three major indexes finished the week up about 2% or more. Here is what moved, the numbers behind it, and the two huge events investors are bracing for next week.
Stock Market Today: How the Dow, S&P 500 and Nasdaq Closed
Closing figures reported by Xinhua and matched by Yahoo Finance’s market data:
| Index | Friday close | Day change | Week |
|---|---|---|---|
| Dow Jones Industrial Average | 52,347.55 | +50.46 (+0.10%) | +2.07% |
| S&P 500 | 7,561.67 | -30.73 (-0.40%) | +2.51% |
| Nasdaq Composite | 25,136.27 | -229.82 (-0.91%) | +2.27% |
| Russell 2000 | 2,790.49 | -8.57 (-0.31%) | n/a |
Weekly changes are from Eurasia Business News. The Russell 2000 close is from Yahoo Finance’s quote data.
The headline numbers hide a big rotation. According to Xinhua, six of the 11 S&P 500 sectors actually rose. Consumer staples led with a 1.39% gain and energy added 0.96%. Technology was the heavy weight, falling 1.7%, followed by consumer discretionary at -0.45%. In plain English: money moved out of chip stocks and into the boring, defensive corners of the market.
Fear ticked up too. The CBOE Volatility Index (VIX) closed at 19.30, up 3.2%, according to Yahoo Finance data.
Nvidia Stock Keeps Falling After Jensen Huang’s Exit
Nvidia closed at $162.85, down 2.01% on the day, per Yahoo Finance. That capped a brutal week in which the stock lost about 12% (Eurasia Business News puts the weekly drop at 12.75%), and Yahoo Finance reported that the company’s market value closed below $4 trillion.
The trigger was Thursday’s announcement that Huang had resigned as CEO after 33 years leading the AI chipmaker he co-founded. Chief Financial Officer Colette Kress is serving as interim CEO while the board searches for a permanent successor. Reports about Huang’s personal relationships have kept the story in the headlines, and TheStreet reports that Senate Banking Committee Chairman Tim Scott has requested testimony from Huang on Dec. 3. For the full background, read our coverage of how Wall Street reacted to Huang’s resignation on Thursday.
Wall Street analysts are starting to move. HSBC downgraded Nvidia to Hold and slashed its price target to $170 from $365, according to Yahoo Finance. HSBC analyst Frank Lee wrote that investor confidence has been “shaken” and that the “leadership succession plan is unclear,” while noting the company’s fundamentals “remain intact.”
Not everyone is running for the exits. James Demmert, chief investment officer at Main Street Research, told TheStreet that Nvidia’s valuation “looks attractive,” though he warned the company risks becoming “less innovative and timely without Jensen Huang.”
Other chip names gave back some of their big weekly gains on Friday. AMD fell about 10% on the day, per Yahoo Finance quote data, but was still up 18.93% for the week, according to Eurasia Business News. Broadcom finished the week up 18.16%.
PPI Report: Wholesale Inflation Hits Its Highest Annual Pace Since 2022
Friday’s October producer price index (PPI) gave investors a mixed message. Wholesale prices rose 0.3% for the month, a bit cooler than the 0.4% economists expected, according to TheStreet and Yahoo Finance. But on a yearly basis, producer prices were up 6.5%, the largest annual increase since November 2022.
LPL Financial chief economist Jeffrey Roach told TheStreet that core producer prices are up 5.0% from a year ago, and said “we should expect a 25-basis-point rate hike” at the Federal Reserve’s Dec. 8-9 meeting. Chicago Fed President Austan Goolsbee said the central bank “has definitely got work to do” to restore its credibility on inflation, per TheStreet.
That is why bond yields keep climbing. The 10-year Treasury yield closed around 5.15% and touched 5.17% during the day, its highest level since October, according to Yahoo Finance. Higher yields raise borrowing costs for everything from mortgages to car loans, and they make richly valued tech stocks look less attractive. Oil was little changed after Thursday’s spike, with Brent settling near $95.84 a barrel, per Eurasia Business News.
Other big movers Friday
- Airlines: Shares of American, Southwest, JetBlue, Delta and United fell after the FAA ordered a rare nationwide ground stop late Friday, according to Yahoo Finance. TheStreet, citing FlightAware, reported more than 9,000 delays and 650 cancellations.
- Bitcoin: The cryptocurrency fell below $70,000 for the first time in nearly three months, per Yahoo Finance.
- Cerebras: The AI chipmaker jumped more than 11% before the bell after strong quarterly results and a raised outlook, TheStreet reported.
- Modine: Shares surged more than 27% by late morning on reports of acquisition talks with Samsung Electronics, per TheStreet.
What’s Next for the Stock Market: Nvidia Earnings and the Anthropic IPO
Next week could be one of the most important of the year for tech investors. Two events stand out:
- Nvidia earnings on Tuesday. The company reports quarterly results without a permanent CEO for the first time in its history. Investors will listen closely for guidance on AI chip demand and any update on the leadership search.
- The Anthropic IPO. The AI company is preparing what Yahoo Finance calls one of the largest IPOs in history, with trading expected Thursday, according to Eurasia Business News. That outlet reports a target valuation around $1.33 trillion or more, though final pricing is not set. CEO Dario Amodei told investors at a JPMorgan event Friday that he hoped to “underpromise and overdeliver.”
Beyond next week, Goldman Sachs strategists led by Peter Oppenheimer set a 2027 S&P 500 target of 8,700, about 14% above current levels, while cautioning that “earnings growth is poised to slow,” according to Yahoo Finance.
For more context on how we got here, see our recap of last week’s Nasdaq correction and our look at the October jobs report.
What This Means for Your Money
A week like this is a reminder of how concentrated the market has become. When one company’s leadership crisis can knock trillions of dollars of value around, an index fund is less diversified than it looks.
- Check your tech exposure. If you own an S&P 500 or Nasdaq fund plus individual AI stocks, add up how much rides on a handful of chipmakers.
- Do not chase the IPO headline. First-day trading for mega IPOs is often extremely volatile. Decide in advance how much, if anything, you are willing to put at risk.
- Watch rates. With a 10-year yield above 5% and a possible December Fed hike, borrowing costs may rise further. If you are shopping for a mortgage or car loan, compare offers now.
- Stay steady. Despite Thursday’s drama, the major indexes still gained more than 2% for the week. Long-term plans rarely benefit from reacting to a single headline.
This article is for informational purposes only and is not investment advice. Market data as of the Nov. 13, 2026 close. Sources: Xinhua, Yahoo Finance, TheStreet, Eurasia Business News.
