US Close 11 November 2026: S&P 500 +1.31% as Chips Rally After CoreWeave's Outlook; Micron +11.89%
S&P 500 close: 7,619.38 (+1.31%) Breadth: 344 advancers / 151 decliners Sentiment: bullish
The S&P 500 closed at 7,619.38 on 11 November 2026, up 98.45 points or 1.31%, as chip stocks rallied after CoreWeave raised its 2026 revenue forecast to $13.0 billion to $13.3 billion. CRWV.US rose 24.71% to $60.77, and MU.US gained 11.89% to $811.30 as SOXX.US climbed 6.01%. The cash Treasury market shut for Veterans Day, and CME FedWatch put a quarter-point December hike at about 90%, per StockTitan.
What moved the index
The S&P 500 gained 131 bps on 11 November 2026; 20 chip stocks added about 84 bps of it, while the equal-weight RSP.US rose 0.80%.
- Chip stocks (20 names): +6.51% on average at about 16% of the index, worth about +84 bps. MU.US +11.89%, MRVL.US +9.33%, INTC.US +7.52%, AMD.US +7.32%, AVGO.US +3.99% and NVDA.US +2.92%. CoreWeave's third-quarter revenue of $3.66 billion and its raised outlook lifted AI hardware suppliers, per Yahoo Finance.
- AAPL.US, GOOGL.US and TSLA.US: +2.04%, +2.11% and +2.91%, with GOOG.US +2.00%, together worth about +47 bps at about 22% of the index.
- AI infrastructure (11 names): +9.85% on average, worth about +19 bps. ORCL.US rose 8.82% to $128.38 after CoreWeave's report eased concern about debt-funded AI build-outs, per The Motley Fool. DELL.US gained 11.75% and LITE.US 10.67%.
- MSFT.US, META.US and AMZN.US: -2.26%, -1.97% and -1.74%, together about -27 bps. Microsoft fell for a second day after a 2.20% drop on Tuesday, when Anthropic announced Claude workplace tools that compete with Office, per CNBC.
Together, these drivers sum to about +123 bps of the +131 bps move; the residual reflects 344 advancers against 151 decliners. The 51 bps gap between the S&P 500 and RSP.US puts most of the gain in the largest technology stocks.
Session highlights
The S&P 500 opened at 7,586.65 on 11 November 2026, fell to a session low of 7,571.88, reached 7,647.20 and closed 27.82 points below that high.
- 25,466.19 was the Nasdaq Composite close, up 400.31 points or 1.60%. The Dow rose 254.60 points or 0.49% to 52,486.49, and the Russell 2000 gained 0.88% to 2,846.26.
- 2.31% was the gain in QQQ.US, against 1.32% for SPY.US. SMH.US rose 4.82%, with LRCX.US +6.07%, AMAT.US +6.05%, KLAC.US +5.24% and TSM.US +4.25%.
- $173.73 was the NVDA.US close, about 27% below its 6 October record close of $239.24, per StockTitan.
- 17.49 was the VIX close, down 10.13%. DXY rose 0.68% to 102.93, and December gold fell 0.96% to $3,991.50.
- $92.53 was Brent, up 1.14%, with December WTI +0.41% to $86.39. XOM.US gained 1.36% and CVX.US 0.98%.
- 4.983% was Tuesday's 10-year Treasury yield close; the cash bond market did not trade on Wednesday. Goldman Sachs now expects rate hikes in December and March, per StockTitan.
Sector scorecard
XLK.US led the SPDR sector funds on 11 November 2026 at +3.23%, and XLY.US was the only fund lower at -0.05%; ten funds closed higher.
- Best: Technology, XLK.US (+3.23%)
- Worst: Consumer Discretionary, XLY.US (-0.05%)
- Dispersion (best minus worst): 3.28 pts
- Also higher: XLE.US +1.86%, XLI.US +1.33%, XLC.US +0.78%, XLF.US +0.58%, XLP.US +0.46%, XLB.US +0.32%, XLU.US +0.21%, XLV.US +0.04%, XLRE.US +0.02%
- XLY.US held near flat as TSLA.US +2.91% offset AMZN.US -1.74% and MCD.US -2.61%
Top movers
CRWV.US led the 500 largest US-listed stocks on 11 November 2026 at +24.71%, and RVMD.US fell furthest at -6.40%.
| Ticker | Move | Reason |
|---|---|---|
| CRWV.US | +24.71% | Q3 revenue $3.66 billion; 2026 guide raised to $13.0 billion to $13.3 billion |
| NBIS.US | +15.44% | Rose with CoreWeave; reports Q3 before Thursday's open |
| SNDK.US | +13.69% | Rose with memory chips; MU.US +11.89%, WDC.US +8.34% |
| BE.US | +12.97% | Rose with AI infrastructure after the CoreWeave outlook |
| ARM.US | +12.05% | Rose with chip stocks after the CoreWeave outlook |
| RVMD.US | -6.40% | Unannounced, likely flow-driven. |
| NTES.US | -4.61% | Unannounced, likely flow-driven. |
| SE.US | -3.66% | Unannounced, likely flow-driven. |
| ABNB.US | -3.09% | Unannounced, likely flow-driven. |
| MCD.US | -2.61% | Unannounced, likely flow-driven. |
CRWV.US traded +17.26% at $57.14 at 7:33am ET and closed at $60.77, up $12.04 from Tuesday's $48.73. NBIS.US and IREN.US (+5.63%) also rent out AI computing capacity.
After-hours earnings
- TTEK.US closed -7.48% at $37.61 before Tetra Tech reported fourth-quarter results with backlog of $4.67 billion. The stock rose 8.26% in after-hours trading by 4:11pm ET, per StockTitan.
Notable announcements
- Fed: BlackRock's Rick Rieder called a December hike the base case, per StockTitan, after October CPI rose 0.4% on Tuesday. The next FOMC meeting runs 8 to 9 December.
- Anthropic: The company targets a $1.4 trillion valuation at $70 to $78 a share, below the $2 trillion previously discussed, per Yahoo Finance.
- GEVO.US: +30.94% to $1.82 after record revenue of $83 million, per StockTitan.
Next session catalysts (ET)
- Thu 12 Nov, before the open: Nebius third-quarter results, per the company.
- Thu 12 Nov 8:30am: weekly jobless claims, per StockTitan.
- Thu 12 Nov, after the close: Cisco quarterly results; call at 4:30pm, per StockTitan.
- Fri 13 Nov 8:30am: October PPI, per the BLS release schedule.
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