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Market News · Nov 13, 2026

$NVDA slides 13% as stocks rally and yields climb

The S&P 500 gained 2.51% and the U.S. 10-year yield hit 5.15%. After a 12.75% slide, $NVDA heads into earnings with a new interim CEO.

News#earnings#rates#volatility#ai-infrastructure
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Archival photograph of the landscaped walkway to NVIDIA’s Endeavor building in Santa Clara, California.
Photo: Daniel J. Prostak / Wikimedia Commons, CC BY-SA 4.0 (cropped). https://creativecommons.org/licenses/by-sa/4.0/

By

YieldCove Desk

News

Published

Reading time

3 min read

Tickers

$NVDA $RKLB $CRWV

+10 more

NVDARKLBCRWVMUMRVLBENBISWMTXLEXLBXLIXLC

S&P 500

7,561.67

+2.51%

Nasdaq Composite

25,136.27

+2.27%

Dow

52,347.55

+2.07%

Russell 2000

2,790.49

+1.32%

$VIX

19.30 pts

−6.34 pts

U.S. 10Y yield

5.15%

+29 bp

What you need to know

  • The S&P 500 gained 2.51% this week even as $NVDA sank 12.75%.
  • The U.S. 10-year yield rose 29 basis points to 5.15% as October inflation stayed firm.
  • $VIX fell to 19.30, with $NVDA earnings and the Fed minutes still ahead.

The week in 5 points

  • The S&P 500 snapped its weekly losing streak. A Friday pullback trimmed the gain to 2.51%.
  • $NVDA named finance chief Colette Kress interim CEO after Jensen Huang resigned. The stock closed at US$162.85.
  • October consumer prices rose 0.4% from September. Producer prices rose 6.5% from a year earlier.
  • Energy led the 11 sector ETF proxies, with $XLE up 5.42%. Materials brought up the rear, with $XLB up 0.54%.
  • $CRWV raised its sales outlook. $NBIS moved some planned capacity into 2027, pushing back the revenue tied to it.

Stocks rebounded even as Nvidia fell

All four major U.S. indexes rose in the Nov. 9–13 trading week. The Nasdaq Composite gained 2.27%, and the separate Nasdaq-100 rose 3.53%. The Nasdaq-100 fell 1.22% Friday, a reminder of how much of the weekly rebound came earlier.

$NVDA fell from US$186.64 to US$162.85. Its board accepted Huang’s resignation Wednesday and announced the change Thursday. Kress keeps the finance role while the board searches for a permanent chief executive. Tuesday’s earnings call offers the first scheduled chance since the announcement to hear management’s outlook.

Industrials ($XLI) and communication services ($XLC) gained 3.76% and 3.72%, respectively. Real estate ($XLRE), up 0.84%, was near the bottom with materials. These are ETF price moves. Energy shares rallied as December WTI futures fell 2.50% to US$88.56 a barrel, showing how differently the two markets can trade.

Inflation stayed firm as Treasury yields climbed

Consumer inflation eased from September’s 0.6% monthly pace. Core prices, which exclude food and energy, still rose 0.3% for a third straight month. The 2025 federal funding lapse left the Bureau of Labor Statistics without a comparable October reading for the headline or core annual rates.

Producer prices rose 0.3% on the month, down from a revised 1.4% in September. The annual rate still rose from 6.3% to 6.5%. Initial jobless claims increased by 9,000 to 200,000, and their four-week average held at 195,250.

Before the CPI release, Fed Governor Christopher Waller said a half-point December increase should be considered if monthly core inflation came in around 0.3% or higher. That was his view, and the release met the threshold he described. The two-year Treasury yield rose 37 basis points to 4.88%. December gold futures fell 4.63% to US$3,886.30 an ounce. The U.S. Dollar Index ($DXY) was up about 1.09% at 103.41 near the 5 p.m. ET close.

AI cloud forecasts went in different directions

$CRWV raised its 2026 sales outlook to US$13.0–13.3 billion after posting third-quarter revenue of US$3.66 billion and a US$709 million net loss. It projects US$1.05–1.15 billion in fourth-quarter interest expense. That financing bill shows why growing demand and the cost of funding capacity both matter.

$NBIS fell 10.51%, the largest decline on the watchlist. It now expects 2026 sales at the low end of its US$3.0–3.4 billion range. Some third-party data-center capacity slipped into the first half of 2027. That shifts some of the associated revenue into 2027. The contracts remain in place.

Your watchlist this week

TickerWeek %Why
$RKLB+15.94%Record US$268 million in quarterly sales and US$3.57 billion in backlog. The shares had already rallied before the Monday report.
$CRWV+14.50%Raised its 2026 sales outlook. A 24.71% Wednesday jump partly unwound by Friday.
$MU+12.80%Gained 11.89% Wednesday as memory stocks joined the AI rebound.
$MRVL+11.02%Gained 9.33% in Wednesday’s AI rally. A later filing disclosed three board appointments.
$BE+10.82%Gained 12.97% Wednesday as data-center power names rallied after $CRWV’s results.

These are the five largest absolute price moves among 27 tracked names, using regular-session closes from Nov. 6 to 13. The market backdrop helps explain the timing. Individual news and the broader rebound overlapped, so a precise cause for each full-week move remains unverified.

For wheel sellers

$VIX traded from 17.33 to 25.08 this week and closed at 19.30. The index tracks expected S&P 500 swings over 30 days, while single-stock options can still price in sharp moves around earnings. For a cash-secured put, premium lowers the effective purchase price by the amount collected if assigned.

Next week

Time (ET)EventWhy it matters
Mon. Nov. 16, 8:30 a.m.Empire State manufacturing surveyAn early read on November factory activity.
Mon. Nov. 16, noonFed Chair Kevin Warsh opens conferenceOpening remarks at a productivity and jobs conference.
Tue. Nov. 17, 8:30 a.m.October retail salesA check on consumer spending.
Tue. Nov. 17, 9:15 a.m.October industrial productionTracks factory, mining and utility output.
Tue. Nov. 17, about 4:20 p.m.$NVDA results, call at 5 p.m.The first scheduled earnings call after the CEO change.
Wed. Nov. 18, 8:30 a.m.October housing starts and permitsA check on rate-sensitive construction.
Wed. Nov. 18, 12:50 p.m.$MU at TomorrowX SummitA scheduled conversation with a Micron executive.
Wed. Nov. 18, 2 p.m.Fed minutes from Oct. 27–28Details on the debate behind the decision to hold rates.
Thu. Nov. 19, 7 a.m.$WMT results, call at 8 a.m.A look at household budgets before the holiday shopping season.
Thu. Nov. 19, 8:30 a.m.Weekly jobless claimsA fresh check on layoffs.
Thu. Nov. 19, 9:25 a.m.Fed Vice Chair Philip JeffersonScheduled discussion on economic shocks.
Fri. Nov. 20, 10 a.m.Final November consumer sentimentIncludes households’ inflation expectations.

The next Fed decision is Dec. 9. The November minutes describe the October meeting, which took place before this week’s inflation reports. The public earnings calendar showed no Nov. 16–20 release for the 27 tracked names at publication time. The $NVDA and $WMT reports are on the calendar for their wider market relevance.

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This content is for informational and educational purposes only and is not financial advice. Options involve risk and are not suitable for every investor. Do your own research before trading.

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