US Close 12 November 2026: S&P 500 -0.35% as Nvidia's CEO Resigns and the 10-Year Yield Hits 5.10%
S&P 500 close: 7,592.40 (-0.35%) Breadth: 137 advancers / 361 decliners Sentiment: bearish
The S&P 500 closed at 7,592.40 on 12 November 2026, down 26.98 points or 0.35%, after Nvidia said Jensen Huang had resigned as chief executive and the 10-year Treasury yield rose 10.5 bps to 5.10%. NVDA.US fell as much as 14.35% after the open and closed 4.34% lower at $166.19, while rivals AMD.US (+5.86%) and AVGO.US (+5.54%) rose. San Francisco Fed President Mary Daly said "further tightening will be needed," per Yahoo Finance, two days after a 0.4% rise in October CPI.
What moved the index
The S&P 500 lost 35 bps on 12 November 2026, and the equal-weight RSP.US fell 0.87%, so the average stock dropped more than the index.
- NVDA.US: -4.34% at about 5% of the index, worth about -22 bps. Nvidia named CFO Colette Kress interim CEO; the board opened an independent investigation on 8 November and the release gave no reason for the exit, per StockTitan.
- Chip equipment and memory (13 names): -1.66% on average at about 7% of the index, worth about -13 bps. AMAT.US -3.58%, SNDK.US -4.11%, KLAC.US -2.30%, INTC.US -2.03% and MU.US -1.59%.
- Rate-sensitive selling (398 other stocks): about -37 bps, with 99 higher and 284 lower. The 10-year yield rose to 5.10% and the 30-year to 5.43% after President Trump posted "We don't need a deal with Iran," per Yahoo Finance; GPN.US -12.01% and COF.US -1.78% led financials lower.
- Offsets: AVGO.US, AMD.US, ANET.US and CLS.US added about +20 bps; GOOGL.US +1.79%, GOOG.US +1.62% and TSLA.US +1.70% added about +19 bps; 18 energy stocks averaged +1.54% for about +5 bps.
Together, these drivers sum to about -28 bps of the -35 bps move; the residual reflects 137 advancers against 361 decliners, with gold miners and airlines adding about -3 bps.
Session highlights
The S&P 500 traded between 7,576.30 and 7,649.21 on 12 November 2026 and closed 56.81 points below the session high.
- 25,366.09 was the Nasdaq Composite close, down 100.10 points or 0.39%. The Dow fell 189.40 points or 0.36% to 52,297.09.
- 2,799.06 was the Russell 2000 close, down 1.66%, against -0.35% for the S&P 500.
- $148.80 was the NVDA.US session low at 9:31am ET, down 14.35%; the stock closed 31% below its 6 October record close of $239.24, per StockTitan.
- 18.70 was the VIX close, up 6.92%. DXY rose 0.27% to 103.18.
- $88.94 was December WTI, up 2.79%. XOM.US gained 1.84% and VLO.US 3.09%; UAL.US fell 6.02% and DAL.US 5.22%.
- $3,877.90 was December gold, down 3.06%; NEM.US fell 4.92%. Bitcoin fell 3.78% to $71,499, and MSTR.US dropped 6.49% after MSCI planned to remove it from two US indexes, per Yahoo Finance.
- 200,000 initial jobless claims for the week to 7 November, up 9,000 and above the 195,000 forecast, per Yahoo Finance. October existing-home sales fell 5.5% to a 3.75 million annual pace, the lowest since August 2010, per StockTitan.
Sector scorecard
XLE.US led the SPDR sector funds on 12 November 2026 at +1.51%, and XLB.US fell furthest at -1.28%; ten of eleven funds closed lower.
- Best: Energy, XLE.US (+1.51%)
- Worst: Materials, XLB.US (-1.28%)
- Dispersion (best minus worst): 2.79 pts
- Also lower: XLC.US -0.96%, XLI.US -0.89%, XLF.US -0.72%, XLV.US -0.59%, XLRE.US -0.52%, XLY.US -0.44%, XLP.US -0.43%, XLK.US -0.34%, XLU.US -0.02%
- XLK.US fell only 0.34% because AVGO.US and AMD.US gains offset most of the NVDA.US drop; SMH.US fell 1.03%
Top movers
AMD.US led the 500 largest US-listed stocks on 12 November 2026 at +5.86%, and NBIS.US fell furthest at -16.84%.
| Ticker | Move | Reason |
|---|---|---|
| AMD.US | +5.86% | Rose after Nvidia's CEO resigned, per Yahoo Finance |
| AVGO.US | +5.54% | Rose after Nvidia's CEO resigned, per Yahoo Finance |
| ANET.US | +5.06% | Unannounced, likely flow-driven. |
| VG.US | +4.74% | Extended gains after Tuesday's raised 2026 EBITDA outlook, per Benzinga |
| CLS.US | +4.57% | Unannounced, likely flow-driven. |
| NBIS.US | -16.84% | Q3 revenue $980.8 million; $7 billion sales-pace goal moved to February |
| GPN.US | -12.01% | CD&R and GTCR dropped buyout talks, per Reuters via Seeking Alpha |
| KDP.US | -7.40% | $2 billion share offering to cut debt before its 2027 split |
| BABA.US | -7.05% | US weighs curbs on Chinese access to AI chips overseas, per Yahoo Finance |
| MRNA.US | -6.97% | Fell after its 2026 Analyst Day, per Investing.com |
NBIS.US closed at $128.64, down $26.05, one day after a 15.44% gain. CRWV.US fell 6.86% and SMCI.US 11.30%.
After-hours earnings
- CSCO.US closed +1.24% at $102.01, then reported first-quarter revenue of $18.5 billion, up 24%, and raised its fiscal 2027 revenue outlook. The stock traded up 1.49% at 4:16pm ET, per StockTitan.
- AMAT.US closed -3.58% at $380.95, then reported record fourth-quarter revenue of $10.41 billion, up 53%. The stock traded up 1.66% at 4:16pm ET, per StockTitan.
Notable announcements
- Nvidia: Harvey C. Jones became the board's first chair, and the board will consider internal and external CEO candidates. Third-quarter results stay on Tuesday 17 November, per StockTitan.
- KDP.US: Underwriters hold a 30-day option on another $300 million of shares, per Benzinga.
- Fed: Chicago Fed President Austan Goolsbee called the outlook a "precarious moment," per Yahoo Finance. The next FOMC meeting runs 8 to 9 December.
Next session catalysts (ET)
- Fri 13 Nov 8:30am: October PPI, per the BLS release schedule.
- Tue 17 Nov, after the close: Nvidia third-quarter results; call at 5:00pm, per StockTitan.
- Wed 18 Nov: Anthropic expects to price its IPO, with trading from 19 November, per Yahoo Finance.
- Thu 19 Nov: Alibaba quarterly results, per Yahoo Finance.
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