Published November 13, 2026 · By
The stock market today turned lower on Friday, November 13, as a sell-off in semiconductor shares pulled the Nasdaq Composite down more than 1% and the 10-year Treasury yield climbed to its highest level since October. The moves came one day after Jensen Huang resigned as Nvidia's chief executive and a few hours after new federal data showed wholesale inflation running at its fastest annual pace in nearly four years.
In the stock market today, stocks opened higher, but the early gains faded within the first hour. By midday, chipmakers were leading the decline while the Dow Jones Industrial Average held up better than the tech-heavy indexes. All figures below are intraday readings from Friday's session and may differ from the official closing levels.
Stock Market Today: How the Major Indexes Moved
As of about 12:20 p.m. ET, Yahoo Finance quote data showed the S&P 500 down 0.84% at 7,528.81 and the Nasdaq Composite down 1.38% at 25,015.95. The Dow Jones Industrial Average was off 0.22% at 52,181.47, and the small-cap Russell 2000 was down 0.62%. The Cboe Volatility Index, often called Wall Street's fear gauge, rose about 5% to near 19.7 after briefly topping 20 in the morning.
The Motley Fool's midday report, based on figures as of 11:31 a.m. ET, put the Nasdaq's loss at 1.45% and the S&P 500's at 0.82%. That leaves the stock market today in reverse from the opening bell, when TheStreet reported all three major averages trading modestly higher.
On Thursday, the S&P 500 closed down 0.35% at about 7,592, the Nasdaq slipped 0.4% to about 25,366 and the Dow lost 189 points, according to 24/7 Wall St. Even with two weaker sessions, Yahoo Finance reported that the major averages were still pacing for gains for the week as of late morning.
Chip stocks lead the decline
Semiconductor shares took the heaviest losses in the stock market today. Advanced Micro Devices fell roughly 9% to 10% during the morning, according to Yahoo Finance and the Motley Fool. Broadcom dropped about 6%, while Micron Technology and Intel each lost about 5%, Yahoo Finance reported.
In the stock market today, Nvidia was down about 3.3% to near $160.70 as of 12:22 p.m. ET. The stock had briefly turned higher before the open after falling 4.3% on Thursday. Yahoo Finance noted that further losses could push the company's market value below $4 trillion.
Outside of chips, another big mover in the stock market today was Cisco Systems, which fell between 5% and 6%. TheStreet tied the drop to concerns over margins and the company's outlook, along with lower price targets from several analysts. Modine Manufacturing, by contrast, jumped more than 28% on reports that Samsung Electronics was exploring an acquisition of the company.
Why Nvidia still weighs on the market
Nvidia remains the main story behind the stock market today. Huang resigned on Thursday after 33 years leading the company, and Chief Financial Officer Colette Kress is serving as interim CEO while the board searches for a successor, according to TheStreet. Nvidia is scheduled to report quarterly earnings on Tuesday, November 17. We covered Thursday's initial reaction in our report on Nvidia stock.
Because Nvidia is one of the largest companies in the U.S. market, its swings move broad index funds. 24/7 Wall St. noted that Nvidia was the largest holding in the SPDR S&P 500 ETF at 7.6% of assets, based on the fund's March fact sheet. Goldman Sachs strategist Kamakshya Trivedi said the growth boost from artificial intelligence investment may peak in early 2027, which he described as a bigger test for markets, Yahoo Finance reported.
Inflation Data and Rate-Hike Bets Shape the Stock Market Today
The Bureau of Labor Statistics reported Friday that the Producer Price Index rose 0.3% in October, slightly below the 0.4% that economists polled by Dow Jones had expected. Over the past 12 months, producer prices were up 6.5%, the largest annual increase since November 2022. Jeffrey Roach, chief economist at LPL Financial, said core producer prices were up 5.0% from a year earlier, TheStreet reported. Our earlier report breaks down the full producer price index release.
The 10-year Treasury yield reached as high as 5.17% on Friday, according to Yahoo Finance, and was near 5.14% around midday. 24/7 Wall St. reported that the yield finished Thursday at 5.1%, up from 4.98% on Tuesday. Rising yields were a second weight on the stock market today. Higher yields tend to pressure stocks with high valuations, especially technology companies, because they raise the return investors can get from safer assets.
What Fed officials said
Chicago Fed President Austan Goolsbee said in a CNBC interview Friday morning that inflation has been more persistent than expected. "I believe that the central bank has definitely got work to do to continue to reestablish its credibility," he said, according to TheStreet. Goolsbee does not vote on interest rate decisions in 2026.
Fed Governor Michelle Bowman said in a speech earlier this week that rate increases may be needed to slow price growth. "Inflation pressures have persisted for longer than I had hoped," she said, as cited by Yahoo Finance.
According to TheStreet, markets are pricing in a quarter-point rate increase at the Federal Open Market Committee meeting on December 8–9, and the CME FedWatch tool showed better than a 10% chance of a half-point move. Roach said he expects a quarter-point hike and that a larger increase could create unnecessary risks. The Fed last raised rates in September, putting the upper end of its target range at 4%, 24/7 Wall St. reported.
Oil and other markets
Energy played a smaller role in the stock market today. Oil prices were mixed in early trading. TheStreet reported West Texas Intermediate crude slightly lower near $88.60 a barrel and Brent crude slightly higher near $96.20. The International Energy Agency said the oil market would return to a surplus in the fourth quarter, the first since the start of the U.S.-Iran war, while the Energy Information Administration reported a 4.7 million-barrel rise in commercial crude inventories for the week ended November 6. Gold was little changed near $3,880 an ounce at midday.
What Each Side Is Saying
The White House and the Treasury Department did not issue statements about Friday's market moves in the reports reviewed for this article. Treasury Secretary Scott Bessent said this week that Treasury and other agencies had long supported restrictions on the chip firm Megaspeed but that the Commerce Department controls that process, as we reported in our Scott Bessent coverage.
Among market analysts looking at the stock market today, views differ on how much the chip sell-off reflects company-specific news versus broader concerns. The Motley Fool's midday report described a rotation out of technology and into defensive sectors, driven by uncertainty around artificial intelligence spending and rising yields, and said clearer signals on Federal Reserve policy could help support a recovery.
What It Means for You
Swings in the stock market today matter beyond Wall Street. Most Americans do not trade individual chip stocks, but many own them indirectly through 401(k) plans, IRAs and index funds. Here is how these moves could affect household finances. This section is our own analysis based on the reported data.
Retirement accounts
S&P 500 and Nasdaq index funds hold large positions in Nvidia, Broadcom and other chipmakers, so a sharp drop in that sector, like the one in the stock market today, can lower account balances even when the Dow is nearly flat. One day of losses does not change the long-term picture for most savers, and financial planners commonly advise checking whether your mix of stocks and bonds still matches your age and goals rather than reacting to daily moves.
Borrowing costs
The 10-year Treasury yield is a key benchmark for 30-year mortgage rates. With the yield above 5%, mortgage rates are likely to stay elevated in the near term. If the Fed raises its benchmark rate in December, as markets expect, credit card and home equity line rates, which are tied to the prime rate, would likely rise as well.
Savings and prices
The rate outlook behind the stock market today also has an upside for savers. Yields on high-yield savings accounts, certificates of deposit and Treasury bills tend to follow the Fed's moves. At the same time, the producer price data suggests businesses are still facing higher costs, which can be passed on to consumers in the months ahead.
What to watch next
Beyond the stock market today, investors will watch Friday's closing levels, Nvidia's earnings report on Tuesday, November 17, and the Fed's December 8–9 meeting. Any comments from Nvidia's interim leadership about the company's direction could also move the broader market.
This article is for informational purposes only and is not financial advice.
Sources: Bureau of Labor Statistics; Yahoo Finance; TheStreet; The Motley Fool; 24/7 Wall St.
