Friday, November 13, 2026

Wall Street closed out Friday on a fractured note, as a shock resignation in the tech sector and sticky inflation data dragged down the Nasdaq by 0.91% to 25,136.273 and the S&P 500 by 0.40% to 7,561.67. Meanwhile, the Dow Jones managed to eke out a 0.10% gain to finish at 52,347.55, even as the Russell 2000 slipped 0.31% to 2,790.49 and the VIX volatility index crept up 3.16% to 19.29.

Sectors in focus:

• Tech and Industrials stumble: A massive semiconductor selloff was triggered when Nvidia CEO Jensen Huang resigned following an investigation into a personal relationship, hammering peers like AMD (-10.4%) and Broadcom (-5.3%). High-growth tech and industrials—including aircraft (-6.79%) and miscellaneous electrical machinery (-5.08%)—were further pressured as Treasury yields neared 5%. The October PPI rose 0.3% MoM (below the 0.4% forecast) but hit a near 4-year high of 6.5% YoY, which prompted Fed officials Bowman and Goolsbee to signal that continued work is needed on inflation. Additionally, gold and silver ores plunged 5.06% as physical gold dipped 0.17% to 3,878.7.
• Energy powers ahead: Oil and gas industries dominated the leaderboard, with drilling oil & gas wells surging 2.89% and petroleum refining gaining 1.35%. The sector caught a bid as WTI Crude ticked up 0.30% to 89.01, fueled by ongoing Middle East tensions and a new Alberta Oil Sands Growth Program incentive.

On the radar:

• Nov 16: Markets will look for policy clues from Fed Chair Warsh's speech alongside fresh retail sales data.
• Nov 17: All eyes turn to Nvidia's Q3 earnings report, its first under interim CEO Colette Kress.
• Nov 18: Release of the FOMC October meeting minutes.
• Nov 19: The highly anticipated Anthropic IPO trading debut, coupled with major earnings from Walmart and Palo Alto Networks.