Wednesday, November 11, 2026

U.S. equities rebounded on Wednesday, shaking off Tuesday's CPI-driven selloff even as markets priced in a 90% chance of a 50-basis-point rate hike in December. The tech-heavy Nasdaq paced the recovery, jumping 1.60% to 25,466.19, while the S&P 500 added 1.31% to 7,619.38 and the Dow Jones ticked up 0.49% to 52,486.49. Small caps joined the rally with the Russell 2000 rising 0.88% to 2,846.263, and market anxiety cooled as the VIX tumbled 10.12% to 17.49.

Sectors in focus:

• AI and Hardware: CoreWeave surged 26% following a massive $3.66B Q3 revenue beat, single-handedly reviving the AI trade. This propelled Computer Storage Devices (+8.08%) and Semiconductors & Related Devices (+6.12%) to the top of the leaderboard, while helping Nvidia stabilize after a severe $430B rout tied to national security probe reports.
• Energy: WTI Crude climbed 0.51% to 86.48 as geopolitical tensions flared following Ukrainian drone strikes on Russia's Ust-Luga oil infrastructure, lifting Oil & Gas Field Services (+4.62%).
• Laggards: With the 10-year Treasury yield hovering near 5.00% after yesterday's hot inflation print, Gold slid 0.95% to 3,991.8, dragging down Gold and Silver Ores (-1.76%). Consumer discretionary pockets also struggled, with Perfumes, Cosmetics & Other Toilet Preparations shedding 1.76%.

On the radar:

• Nov 13: October US Producer Price Index (6.6% YoY expected) and the SpaceX Starship Flight 15 launch attempt.
• Nov 17: Nvidia's highly anticipated Q3 earnings and AI demand outlook, alongside US Retail Sales and Industrial Production data.
• Nov 18: Anthropic's expected IPO and the House Foreign Affairs Committee briefing deadline regarding Nvidia CEO Jensen Huang.