US Equities · Pre-Open BriefingAlso todaySee the VIX Daily
Communications drags as stocks dip
November 13, 2026
The November 12, 2026 cash session, and what is scheduled today
The S&P 500 fell 0.35% to 7,592.40 and the Nasdaq Composite fell 0.39% to 25,366.09, with the Nasdaq-100 down 0.30%.
Breadth124 up / 377 down
LeadershipNasdaq-100 by 0.05pp
Member coverage100%
Futures now
Ahead of the open, S&P 500 futures are up 0.17%, Nasdaq 100 futures little changed, Dow futures up 0.09% and Russell 2000 futures up 0.11% against their previous settlement. In Asia, the Nikkei 225 is up 0.53%, the Hang Seng down 1.55% and the Shanghai Composite down 0.59%. In Europe, the Euro Stoxx 50 is little changed, the DAX little changed and the FTSE 100 up 0.09%. Across markets, WTI is down 0.34% at 88.44, Gold is up 0.18% at 3,892.10 and EUR/USD is down 0.33% at 1.1058.
| Market | Level | Change | As of |
|---|---|---|---|
| S&P 500 futures | 7,628.25 | +13.00 (+0.17%) | 2026-11-13 |
| Nasdaq 100 futures | 28,395.00 | +10.50 (+0.04%) | 2026-11-13 |
| Dow futures | 52,435.00 | +45.00 (+0.09%) | 2026-11-13 |
| Russell 2000 futures | 2,810.30 | +3.00 (+0.11%) | 2026-11-13 |
Where the tape closed
S&P 500
7,592.40
-26.98 (-0.35%)
5d +3.25% · 1m -1.64%
Nasdaq Composite
25,366.09
-100.10 (-0.39%)
5d +4.32% · 1m -4.97%
Nasdaq-100
28,289.19
-85.06 (-0.30%)
5d +6.23% · 1m -5.55%
VIX
18.70
+1.21 (+6.92%)
5d -33.64% · 1m +10.85%
The Session
Of the 503 S&P 500 members that printed, 124 rose and 377 fell. Energy led the sector table at +1.04% on an equal-weighted basis and Communication Services sat at the bottom at -1.85%. Nvidia (NVDA) fell 4.34% and carried the largest share of the weighted index move. The VIX rose 6.92% to 18.70. Three universe names reported on the session.
World news
- Global oil markets swing to surplus as Gulf shipments reboundFinancial Times
- Oil Supertanker Squeeze Is Crimping US Crude Exports, Texas Port CEO SaysBloomberg Markets
- Global Oil Market Swings to Surplus on Gulf Exports, IEA SaysBloomberg Markets
- OPEC crude production rises by nearly 2 million bpd in October - Anadolu AjansıGoogle News GCC
- Nigeria’s exports to China fall by N602bn despite zero tariffsPunch Nigeria
- Russian crude oil prices jump on China, India demandNikkei Asia
Sector news breakdown
Information Technology
- Supermicro SMCISPX -11.30%Supermicro, Nvidia Reportedly Face DOJ Scrutiny In Separate Inquiries — SMCI Stock Plunges According to Bloomberg, Federal prosecutors are investigating whether entities linked to Alice Huang were involved in efforts to smuggle Supermicro products into China. Stocktwits · Nov 12, 12:58 PM ET
- CoreWeave, Inc. CRWVNDX -6.86%CoreWeave stock sinks as resignation of Jensen Huang ripples through AI trade CoreWeave stock sank on Thursday as the impact of leadership change at Nvidia weighed on the AI trade and companies backed by the AI chip giant. Yahoo Finance · Nov 12, 1:03 PM ET“The Hub Was Suddenly Removed”: Nvidia’s CEO Exit Sinks CoreWeave 7% Key TakeawaysCoreWeave fell as much as 15% on Thursday after Jensen Huang resigned as Nvidia’s CEO, and CFO Colette Kress took over as interim CEO. CoreWeave has far more to lose than Nvidia if a more cautious Nvidia backs its customers less. TIKR · Nov 12, 4:26 PM ET
- Strategy Inc MSTRNDX -6.49%Strategy, the World’s Biggest Corporate Bitcoin Holder, to Be Dropped From MSCI Indexes Strategy stock dropped premarket after MSCI ruled the company ineligible for its global indexes. The Wall Street Journal · Nov 12, 4:44 AM ETIndex Provider MSCI Removes Strategy From Equity Benchmark MSCI Inc. has dropped Strategy Inc. from its global equity benchmarks, potentially triggering billions of dollars in stock sales and adding fresh pressure to the financing model behind Michael Saylor’s vast Bitcoin holdings. Bloomberg · Nov 11, 7:13 PM ET
- Advanced Micro Devices AMDSPXNDX +5.86%AMD Is Up 127% in a Year. William Blair Just Upgraded It as Nvidia Loses Its CEO Key TakeawaysAMD stock rose 6% today after William Blair upgraded it to Outperform, on the same day Nvidia’s CEO Jensen Huang resigned and Nvidia was downgraded by several firms. AMD’s own numbers support the upgrade, and Nvidia’s turmoil doesn’t add much to it. TIKR · Nov 12, 3:05 PM ETAMD, Broadcom stocks jump as Nvidia CEO Jensen Huang resigns Chip giants Broadcom and AMD rose on the back of Nvidia's recent woes. Other AI trade-related names didn't fare as well. Yahoo Finance · Nov 12, 8:39 AM ET
- Broadcom AVGOSPXNDX +5.54%AMD, Broadcom stocks jump as Nvidia CEO Jensen Huang resigns Chip giants Broadcom and AMD rose on the back of Nvidia's recent woes. Other AI trade-related names didn't fare as well. Yahoo Finance · Nov 12, 8:39 AM ETNvidia’s Loss Is AMD and Broadcom’s Gain Shares of Nvidia's rivals rise as CEO Jensen Huang resigns. Barrons.com · Nov 12, 1:02 PM ET
- Arista Networks ANETSPX +5.06%Wall Street Analysts Think Arista Networks (ANET) Could Surge 27.15%: Read This Before Placing a Bet The mean of analysts' price targets for Arista Networks (ANET) points to a 27.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock. Zacks · Nov 12, 8:55 AM ETHere's A Bullish Trade To Consider For Recovering Arista Stock Arista Networks put in a strong bullish candle Wednesday, rising more than 6% and moving back above its 50-day moving average. Investor's Business Daily · Nov 12, 10:45 AM ET
- Nvidia NVDASPXNDX -4.34%Nvidia Stock Hammered As CEO Resigns In Disgrace Nvidia stock received another round of downgrades and price-target cuts on Wall Street in the wake of the latest CEO revelations. Investor's Business Daily · Nov 12, 5:18 PM ETNvidia CEO Huang quits after affair with suspected China spy Jensen Huang, the leather-jacketed architect of the artificial intelligence boom, resigned as chief executive of Nvidia on Thursday after revelations of two extramarital affairs, including one with a woman accused of spying for China.Key US lawmakers, including Senate Democratic leader Chuck… AFP · Nov 12, 5:04 PM ET
Communication Services
- Nebius Group N.V. NBISNDX -16.84%Nebius Stock Plummets After Earnings as CEO Warns of Revenue Delay Nebius reported better-than-expected third-quarter results but forecasts some delays in future revenue. Barrons.com · Nov 12, 9:45 AM ETNebius Earnings Top Estimates. Nvidia-Backed Neoclouds Sell Off. Nebius stock rose after the AI-focused, cloud company reported a smaller-than-expected Q3 loss while revenue topped expectations. Investor's Business Daily · Nov 12, 9:45 AM ET
Consumer Discretionary
- Tesla, Inc. TSLASPXNDX +1.69%Elon Musk Could Announce Tesla-SpaceX Merger By December: Report Tesla shot up more than 11%. SpaceX gained about 1%. Investor's Business Daily · Nov 12, 4:35 PM ETDow Jones Futures: Market Weathers Nvidia CEO Huang's Exit, Surging Yields; SpaceX-Tesla Merger Deal Close The stock market held up well given Nvidia CEO Jensen Huang's exit, surging yields and more. Cisco led key earnings reports late. Investor's Business Daily · Nov 12, 5:10 PM ET
Financials
- Global Payments GPNSPX -12.01%Global Payments falls 9% as CD&R, GTCR abandon takeover talks Investing.com -- Global Payments shares fell 9% on Thursday and were halted under a volatility breaker after private equity firms Clayton, Dubilier & Rice (CD&R) and GTCR abandoned discussions about a potential acquisition of the payments processor, Reuters reported, citing two people familiar with… Investing.com · Nov 12, 12:42 PM ETGlobal Payments Sinks 12% as CD&R and GTCR Walk Away From Buyout Talks Key TakeawaysGlobal Payments fell 12% today after Reuters reported that CD&R and GTCR dropped early-stage talks to take it private. The drop is about the same size as the stock’s 11% jump on Oct. TIKR · Nov 12, 4:05 PM ET
- Fidelity National Information Services FISSPX -6.12%U.S. Bancorp or Fidelity National Information Services: Only One Gets My Dividend Dollars for the Next 10 Years Key TakeawaysFidelity National Information Services fell 24% on Nov. 4 after it cut its 2026 guidance, announced its CFO’s exit and paused buybacks, but it kept its $0. TIKR · Nov 12, 11:52 AM ET
Health Care
- Moderna MRNASPXNDX -6.97%Why Moderna Stock Dropped on Thursday Moderna promised 20% sales growth in 2026 -- but Wall Street wants 24%. Motley Fool · Nov 12, 12:33 PM ETModerna Sinks 7% as Analyst Day Cancer Push Brings “$4 Billion in Cash Costs in 2027” Key TakeawaysModerna shares fell 7% today after the company guided to cash costs of about $4 billion in 2027 and $4 billion to $4. 5 billion a year through 2030, mostly for oncology. TIKR · Nov 12, 2:38 PM ET
Utilities
- Constellation Energy CEGSPXNDX +2.79%Constellation Energy Soars 13% in a Week on a Guidance Raise: “A Platform Heretofore Unseen” Key TakeawaysConstellation Energy is up 13% in the past week after a third-quarter beat and its second guidance raise this year. After Vistra’s record quarter, Constellation’s report showed customers are still signing deals despite the midterm scare. TIKR · Nov 12, 11:35 AM ETConstellation Energy (CEG) Launched Peak+ Nuclear And Storage Contracts Constellation Energy (NasdaqGS: CEG) has introduced Peak+ contracts that bundle nuclear power, battery storage, and demand response into one package. The Peak+ structure targets long term supply deals for large buyers that want cleaner power with more flexible delivery profiles. Simply Wall St. · Nov 12, 12:13 AM ET
Moved more than 3% with no company-specific item clearing the relevance bar: KDP -7.40% · P +3.38% · VLO +3.09%.
The day ahead
Economic calendar
| Time | Release | Impact | Consensus | Previous |
|---|---|---|---|---|
| 08:30 ET | Producer Price Index Month-over-Month | High | 0.4 | 1.3 |
| 08:30 ET | Core PPI Month-over-Month | Medium | 0.3 | 0.7 |
| 10:50 ET | Speech by Fed's Bowman | Medium | — | — |
| 12:00 ET | Fed Daly SpeechFed | High | — | — |
| 19:00 ET | Speech by Fed's Jefferson | Medium | — | — |
Reporting today
No universe name on the reporting calendar for today.
Overnight and across markets
Asia and Europe
| Market | Level | Change | As of |
|---|---|---|---|
| Nikkei 225 | 61,142.35 | +322.99 (+0.53%) | 2026-11-13 |
| Hang Seng | 23,637.60 | -370.95 (-1.55%) | 2026-11-13 |
| Shanghai Composite | 3,634.35 | -21.48 (-0.59%) | 2026-11-13 |
| Euro Stoxx 50 | 6,397.46 | -1.52 (-0.02%) | 2026-11-13 |
| DAX | 26,774.33 | +2.45 (+0.01%) | 2026-11-13 |
| FTSE 100 | 10,872.41 | +9.31 (+0.09%) | 2026-11-13 |
Commodities, currencies and rates
| Market | Level | Change | As of |
|---|---|---|---|
| WTI crude | 88.44 | -0.30 (-0.34%) | 2026-11-13 |
| Gold | 3,892.10 | +6.80 (+0.18%) | 2026-11-13 |
| EUR/USD | 1.1058 | -0.0037 (-0.33%) | 2026-11-13 |
| USD/JPY | 159.94 | +0.20 (+0.13%) | 2026-11-13 |
| US 10-year yield | 5.10% | — | 2026-11-12 |
Where the indices sit
S&P 500 daily bars for the last 30 sessions, then three months of closes rebased to 100.
What carried the session
Proxy: dollar-volume share among members that printed, times the move. Not official index weight.
| Ticker | Name | Session | Contribution |
|---|---|---|---|
| NVDASPXNDX | Nvidia | -4.34% | -102.2 bp |
| AMDSPXNDX | Advanced Micro Devices | +5.86% | +36.1 bp |
| AVGOSPXNDX | Broadcom | +5.54% | +16.8 bp |
| SNDKSPXNDX | Sandisk | -4.11% | -9.6 bp |
| SMCISPX | Supermicro | -11.30% | -6.7 bp |
| MUSPXNDX | Micron Technology | -1.59% | -6.5 bp |
| TSLASPXNDX | Tesla, Inc. | +1.69% | +3.7 bp |
| GOOGLSPXNDX | Alphabet Inc. (Class A) | +1.79% | +3.6 bp |
Breadth and sectors
Sector moves equal-weighted across members that printed.
| Sector | Average member move | Members |
|---|---|---|
| Energy | +1.04% | 21 |
| Utilities | -0.03% | 31 |
| Real Estate | -0.64% | 30 |
| Consumer Staples | -0.65% | 33 |
| Information Technology | -0.70% | 76 |
| Industrials | -0.94% | 83 |
| Health Care | -1.01% | 60 |
| Financials | -1.15% | 76 |
| Materials | -1.26% | 24 |
| Consumer Discretionary | -1.59% | 47 |
| Communication Services | -1.85% | 22 |
Largest moves
Risers
| Ticker | Name | Session |
|---|---|---|
| AMDSPXNDX | Advanced Micro Devices | +5.86% |
| AVGOSPXNDX | Broadcom | +5.54% |
| ANETSPX | Arista Networks | +5.06% |
| PSPX | Everpure | +3.38% |
| VLOSPX | Valero Energy | +3.09% |
| DVNSPX | Devon Energy | +2.85% |
| CEGSPXNDX | Constellation Energy | +2.79% |
| SWKSSPX | Skyworks Solutions | +2.73% |
Fallers
| Ticker | Name | Session |
|---|---|---|
| NBISNDX | Nebius Group N.V. | -16.84% |
| GPNSPX | Global Payments | -12.01% |
| SMCISPX | Supermicro | -11.30% |
| KDPSPXNDX | Keurig Dr Pepper | -7.40% |
| MRNASPXNDX | Moderna | -6.97% |
| CRWVNDX | CoreWeave, Inc. | -6.86% |
| MSTRNDX | Strategy Inc | -6.49% |
| FISSPX | Fidelity National Information Services | -6.12% |
Earnings reported in the session
Beat and miss shown only where consensus and actual are both published.
| Ticker | Name | Slot | EPS est. | Reported | Surprise | Result |
|---|---|---|---|---|---|---|
| CSCO | Cisco Systems, Inc. | After close | 1.15 | — | — | — |
| AMAT | Applied Materials, Inc. | After close | 4.06 | — | — | — |
| NBIS | Nebius Group N.V. | Before open | — | — | — | — |
Headlines in the session window
- The S&P 500 is shrugging off Nvidia’s selloff this week. Here’s what’s keeping the rest of the market afloat.MarketWatch
- Nasdaq futures fall as Nvidia sinks 8% after hours on report board may oust HuangMarketWatch
- US Confirms $500 Million Spent on Yen Intervention, With EurosBloomberg Economics
- Warsh discloses wife’s transactions related to pet care investment firmThe Hill Economy
Fed and macro
- Fed Hammack Speech2026-11-12 · High impact
- Existing Home Sales2026-11-12 · High impact
- Fed Goolsbee Speech2026-11-12 · High impact
- Fed Daly Speech2026-11-12 · High impact
- Fed Hammack Speech2026-11-12 · High impact
- Existing Home Sales2026-11-12 · High impact
- Fed Goolsbee Speech2026-11-12 · High impact
- Fed Daly Speech2026-11-12 · High impact
- Federal Reserve announces revised tentative schedule of Federal Open Market Committee meetings in 2027Federal Reserve
- Federal Reserve rate hike expectations strengthen as U.S. inflation runs above forecasts - Traders UnionGoogle News US
- Federal Reserve Board announces pricing, effective January 1, 2027, for payment services the Federal Reserve Banks provide to banks and credit unions, and changes to streamline and adjust their check servicesFederal Reserve
- Retail Inflation Crosses RBI Red Line: October CPI Hits 6.09%, Highest In Two Years - NDTV ProfitGoogle News IN
- Fed’s Williams Says Inflation ‘Far Too High,’ Work to DoBloomberg Economics
What to watch
scheduled US macro: Fed Hammack Speech (2026-11-12); Existing Home Sales (2026-11-12); Fed Goolsbee Speech (2026-11-12).
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