US Close 13 November 2026: S&P 500 -0.40% as AMD Falls 8.75% and Chipmakers Give Back the Week's Rally
S&P 500 close: 7,561.67 (-0.40%) Breadth: 270 advancers / 186 decliners Sentiment: mixed
The S&P 500 closed at 7,561.67 on 13 November 2026, down 30.73 points or 0.40%, as chipmakers unwound the rally that followed Jensen Huang's exit from Nvidia and the PHLX Semiconductor Index fell 3.43%. AMD.US dropped 8.75% to $534.06 after a 44.7% rise over the previous five sessions, and DELL.US fell 7.18% after a report traced 22 of its servers with restricted Nvidia H800 chips to a Shanghai data center, per Benzinga. October producer prices rose 0.3% against a 0.4% forecast, while the 10-year Treasury yield rose 5 bps to 5.15% with a December rate hike fully priced, per IBTimes.
What moved the index
The S&P 500 lost 40 bps on 13 November 2026 while the equal-weight RSP.US rose 0.20%, so the decline sat in the largest technology stocks.
- AI hardware (13 names): -4.15% on average at about 5% of the index, worth about -29 bps. AMD.US -8.75%, CSCO.US -6.24%, AVGO.US -4.76%, MRVL.US -4.68% and ANET.US -4.52%. Cisco fell after a 250 bps squeeze in adjusted gross margin, per Benzinga.
- Chip equipment and memory (16 names): -2.82% on average at about 7% of the index, worth about -16 bps. SNDK.US -5.59%, WDC.US -5.00%, ARM.US -4.63%, LRCX.US -3.36% and MU.US -2.52%.
- NVDA.US, GOOGL.US, TSLA.US and AMZN.US: about -23 bps combined. NVDA.US fell 2.01% to $162.85, worth about -10 bps, ahead of Tuesday's results; the Financial Times reported the board approached Arm CEO Rene Haas about the top job, per IBTimes.
- Offsets: 15 financials averaged +1.83% for about +7 bps, 15 consumer staples +1.54% for about +6 bps, and META.US +2.90% for about +6 bps. Energy, health care, MSFT.US and AAPL.US added about +8 bps.
Together, these drivers sum to about -41 bps of the -40 bps move; the other 356 large caps netted about -1 bp, with 207 higher and 146 lower.
Session highlights
The S&P 500 traded between 7,499.40 and 7,621.78 on 13 November 2026, opening higher after the PPI report and closing 62.27 points above the session low.
- +2.51% was the S&P 500 gain for the week, from 7,376.86 on 6 November, ending four weekly declines, per IBTimes. The Nasdaq Composite rose 2.27% for the week and the Dow 2.07%.
- 25,136.27 was the Nasdaq Composite close, down 229.82 points or 0.91%. The Dow rose 50.46 points or 0.10% to 52,347.55, and the Russell 2000 fell 0.31% to 2,790.49.
- 6.5% was the annual rise in producer prices, the highest since November 2022, per IBTimes. Goods prices rose 0.5% in October and services 0.2%, with food +1.3% and energy -0.1%.
- 5.154% was the 10-year Treasury yield, up from 5.103%, and the 30-year closed at 5.481%. San Francisco Fed President Mary Daly and Boston Fed President Susan Collins both said further tightening would be needed, per IBTimes.
- 19.30 was the VIX close, up 3.21%. DXY rose 0.20% to 103.38.
- $68,252 was bitcoin, down 4.49% and below $70,000. MSTR.US fell 2.44% and COIN.US 2.31%.
- $88.91 was December WTI, up 0.19%, and Brent settled at $95.84, per IBTimes. December gold slipped 0.13% to $3,880.30.
Sector scorecard
XLP.US led the SPDR sector funds on 13 November 2026 at +1.42%, and XLK.US fell furthest at -2.01%; seven of eleven funds closed higher.
- Best: Consumer Staples, XLP.US (+1.42%)
- Worst: Technology, XLK.US (-2.01%)
- Dispersion (best minus worst): 3.43 pts
- Also higher: XLC.US +1.05%, XLE.US +0.98%, XLF.US +0.81%, XLV.US +0.54%, XLU.US +0.52%, XLRE.US +0.02%
- Also lower: XLY.US -0.40%, XLI.US -0.39%, XLB.US -0.21%
- SMH.US fell 2.99% while KO.US gained 1.86% and PEP.US 2.24%
Top movers
NU.US led the 500 largest US-listed stocks on 13 November 2026 at +11.75%, and NBIS.US fell furthest at -9.92%.
| Ticker | Move | Reason |
|---|---|---|
| NU.US | +11.75% | Record Q3 net income of $1.1 billion, up 31%, per Benzinga |
| CBRS.US | +11.22% | Raised 2026 Core revenue outlook to $940 million to $960 million |
| U.US | +5.24% | Unannounced, likely flow-driven. |
| CHTR.US | +4.32% | Unannounced, likely flow-driven. |
| GPN.US | +4.21% | Payment stocks rallied with Shift4 and Toast, per Benzinga |
| NBIS.US | -9.92% | Report that Microsoft is reviewing its neocloud contracts, per Benzinga |
| AMD.US | -8.75% | Gave back part of a five-day 44.7% gain, per Benzinga |
| DELL.US | -7.18% | Report traced its servers with restricted Nvidia chips to Shanghai |
| CSCO.US | -6.24% | Gross margin 63.7% from 65.5% despite record $18.5 billion revenue |
| CRWV.US | -6.13% | Report that Microsoft is reviewing its neocloud contracts, per Benzinga |
MOD.US, below the 500 largest, closed up 27.86% at $135.66 after Bloomberg reported Samsung Electronics is in takeover talks, per CNBC via StockTitan; Samsung said it could not confirm the report.
After-hours earnings
- No major reports: no large companies reported after Friday's close, per Benzinga. NVDA.US closed 12.75% below its 6 November close, while AMD.US finished the week up 18.93% and AVGO.US up 18.16%.
Notable announcements
- Nvidia: Treasury Secretary Scott Bessent said Treasury had favored blacklisting Nvidia partner Megaspeed and asked "did Nvidia know their client," per Benzinga citing CNBC.
- MSFT.US: closed +0.17% as its Outlook and Microsoft 365 outage eased, per StockTitan.
- MOD.US: plans new financial targets at its 18 November investor day, per StockTitan.
Next session catalysts (ET)
- Tue 17 Nov: October retail sales.
- Tue 17 Nov, after the close: Nvidia third-quarter results, its first report without Huang; call at 5:00pm, per StockTitan.
- Wed 18 Nov: PANW.US results and the MOD.US investor day; Anthropic expects to price its IPO, per Yahoo Finance.
- Tue 8 to Wed 9 Dec: FOMC meeting, with at least a 25 bps hike priced and about a 10% chance of 50 bps, per CME FedWatch via IBTimes.
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