Market Close Snapshot (Thursday, Nov 12, 2026)
S&P 500: 7,592, down about 0.35%
Dow Jones: 52,297, down about 0.36%
Nasdaq Composite: 25,366, down about 0.4%
Why did stocks fall?
Nvidia leadership change. Nvidia announced that co-founder Jensen Huang has resigned as CEO, president and director, effective immediately. CFO Colette Kress is interim CEO, and Harvey C. Jones becomes the first board chair. The stock fell as much as 14% during the session before recovering, and closed around $166, down about 4.3%. The company said operations and its product roadmap should continue without interruption.
Rate-hike worries. Hotter-than-expected inflation has raised expectations of further Fed tightening. Treasury yields rose again, with the 10-year yield near 5%. Higher yields put pressure on growth and tech stocks, which is why the Nasdaq lagged.
Oil prices. Brent crude settled near $95.8 (up about 3.3%) and WTI near $88.7 (up about 2.6%) on reports of attacks on Saudi energy infrastructure and shipping disruption in the Strait of Hormuz.
Who moved?
Gainers: Broadcom (about +5.5%) and AMD (about +5.3%) rose, showing chip stocks were not all falling with Nvidia.
Decliners: Small-cap and speculative names were hit harder, including Archer Aviation, Lucid, IonQ and Opendoor, each down roughly 9% to 11%.
Gold also fell about 3% to near $3,877 per ounce.
What to watch next
Nvidia is scheduled to report quarterly earnings on Nov 17, its first report under interim leadership.
U.S. PPI data and Fed speeches. Rate expectations are what is driving the market right now.
Takeaway: The market is cautious, with rates, oil and one big tech story all pulling in different directions. Stay diversified, avoid heavy leverage and do your own research.
Disclaimer: This post is for information only and is not financial advice. Markets are volatile. Figures are approximate and may change quickly.
Tags: #stockmarket #Nasdaq #SP500 #NVIDIA #WallStreet #BinanceSquare #WriteToEarn $NVDA $MSFTB
