Market Summary

Data note: The inputs reflect the most recent completed session, Friday, November 13, 2026. No live midday data for November 14 was provided.

U.S. equities finished mixed, with a sharp split between technology and the rest of the market. The Dow rose 50.46 points (+0.10%) to 52,347.76. The S&P 500 slipped 30.73 points (-0.40%) to 7,561.74, and the Nasdaq Composite fell 229.82 points (-0.91%) to 25,156.65. The Russell 2000 declined 0.3%. All of the major indices finished above their session lows, but none fully recovered from an early retreat led by semiconductors and the broader AI infrastructure trade. The Nasdaq had been down as much as 1.6% at one point.

Rising Treasury yields and persistent inflation concerns were the main constraints. The October Producer Price Index produced brief relief on a softer-than-expected headline, but that faded on upward revisions to September and still-elevated year-over-year readings. Final demand prices rose 6.5% from a year ago, the largest increase since November 2022. Comments from New York Fed President Williams and Chicago Fed President Goolsbee that more work is needed to bring inflation back to 2.0% added pressure. The 10-year yield settled at 5.15%, its highest settlement in more than four weeks.

Sector rotation was clear. Information technology fell 1.7%, while six of the other ten S&P 500 sectors rose, led by consumer staples (+1.4%), energy (+1.0%) and financials (+0.8%). The equal-weighted S&P 500 gained 0.2% after an early decline, a sign that weakness in mega-caps and chips was concentrated rather than broad. For the week, the S&P 500 gained 2.5% and the Nasdaq 2.3%, though both finished well off their midweek highs.

Market Snapshot

Index levels (Nov 13 close)

Dow Jones Industrial Average: 52,347.76, +50.46 (+0.10%)
S&P 500: 7,561.74, -30.73 (-0.40%)
Nasdaq Composite: 25,156.65, -229.82 (-0.91%)
Russell 2000: -0.3%
S&P 500 Equal Weight: +0.2%
Philadelphia Semiconductor Index: -3.4% (down as much as 6.5% intraday)

Year to date

Russell 2000: +12.4%
S&P 400: +11.4%
S&P 500: +10.5%
DJIA: +8.8%
Nasdaq Composite: +8.2%

Advance/decline and volume (Briefing.com)

NYSE: 1,374 advancers, 1,319 decliners, volume 1.07 bln
Nasdaq: 1,847 advancers, 3,016 decliners, volume 8.74 bln

WaveFinder breadth

Primary sentiment: Bearish, with 864 bulls vs. 1,440 bears
4% sentiment: Very Bearish, with 150 bulls vs. 302 bears
40 SMA sentiment: Neutral
Above 20 SMA: 54.03%
Above 40 SMA: 55.58%
9M bulls: 9 vs. 18 bears; bull follow-through: 0%

Sector Performance

Ranked by Briefing.com’s closing figures, with WaveFinder ATR readings alongside. Briefing.com gave no percentage for Consumer Discretionary, Industrials, Materials or Real Estate.

Rank	Sector	Day Performance	WaveFinder ATR
1	Consumer Staples	+1.4%	2.67% (flat, P63)
2	Energy	+1.0%	-0.38% (flat, P37)
3	Financials	+0.8%	0.76% (rising, P89)
4	Health Care	+0.6%	1.85% (flat, P16)
5	Utilities	+0.4%	3.20% (flat, P74)
6	Communication Services	+0.3%	1.17% (rising, P95)
7–10	Industrials, Materials, Real Estate	Not among the gainers; exact figures not provided	Industrials 0.10% (flat, P68); Materials 0.84% (falling, P37); Real Estate 1.21% (rising, P68)
7–10	Consumer Discretionary	Listed as weak; exact figure not provided	1.44% (flat, P53)
11	Information Technology	-1.7%	-1.89% (rising, P47)

Communication Services carries the highest ATR percentile (P95), followed by Financials (P89).

Key Earnings & Movers

Semiconductors and AI infrastructure (laggards)

AMD: $534.06, -$51.24 (-8.8%)
Broadcom (AVGO): $347.01, -$17.35 (-4.8%)
NVIDIA (NVDA): $162.85, -$3.34 (-2.0%)
Intel (INTC): $59.66, -$1.54 (-2.5%)
Micron (MU): $778.31, -$20.13 (-2.5%)
Applied Materials (AMAT): $370.50, -$10.45 (-2.7%)

Drivers cited were profit-taking, uncertainty around NVIDIA’s leadership, possible chip-export restrictions, analyst downgrades, and questions about the pace and execution of AI buildouts.

Other tech and networking weakness

Dell (DELL): $344.28, -$26.89 (-7.2%)
Cisco (CSCO): $95.64, -$6.37 (-6.2%)
Corning (GLW): $114.06, -$5.16 (-4.3%)
Seagate (STX): $528.29, -$16.85 (-3.1%)
Oracle (ORCL): $125.37, -$1.74 (-1.4%)

Other movers

Liftoff Mobile (LFTO) rose after a Q3 beat-and-raise and broke above its $23 June IPO price.
Walmart (WMT): $127.53, +$1.34 (+1.1%) at 15:30 ET, ahead of next week’s report.
Williams-Sonoma (WSM): $252.63, +$2.25 (+0.9%) at 15:30 ET.
TJX Companies (TJX): $133.98, -$2.00 (-1.5%) at 15:30 ET.

Stock Spotlight

Applied Materials (AMAT) is the most significant earnings-driven move in the Story Stocks data. It traded lower, closing at $370.50 (-2.7%), despite a Q4 (October) beat reported the prior night. Adjusted EPS was $4.16 on revenue of $10.41 bln, up 53% year over year and the company’s first quarter above $10 bln. Revenue growth accelerated from 25% in Q3. Semiconductor Systems revenue rose 64% year over year to a record $8.0 bln. DRAM and advanced packaging both hit record revenue on AI-related demand. Non-GAAP gross margin was 50.6% and operating margin a record 35.3%.

The selling reflected expectations rather than results. Q1 guidance of EPS $4.15–$4.55 on revenue of $10.60–$11.60 bln had midpoints above consensus, but only modestly. Management also said component shortages are slightly limiting revenue. Briefing.com’s analyst view is that this may temper enthusiasm given elevated expectations. The longer-term outlook remains constructive: wafer fab equipment spending is expected to rise more than 30% in CY27, and AMAT is investing to double systems output from Q4 levels by 2028.

Liftoff Mobile (LFTO) is the notable positive mover. Q3 EPS was $0.47 on revenue of $238 mln (+32% year over year), against prior guidance of $217–$222 mln. Adjusted EBITDA rose 45% to $145 mln, a 61% margin. FY26 revenue guidance was raised to $907–$912 mln from $870–$880 mln.

Bond Market & Treasuries

Treasuries closed lower on Friday, with the front end holding up better. Yields rose sharply for the week after five consecutive weekly gains across the curve.

2-year: 4.89%, +1 bp on the day, +36 bps for the week
3-year: 4.93%, +2 bps, +34 bps for the week
5-year: 4.98%, +4 bps, +33 bps for the week
10-year: 5.15%, +5 bps, +29 bps for the week
30-year: 5.48%, +5 bps, +22 bps for the week

Key drivers

Speculation about a potential 50-basis-point Fed rate hike in December.
A hotter-than-expected PPI read after the revisions.
Fed commentary: Williams (permanent voter) and Goolsbee (2027 voter) said more work is needed. Williams also said there is time to gather more information and that longer-term inflation expectations remain anchored.
The 2-year yield finished seven basis points below its 2026 high of 4.96%, set in late September.

Currencies

U.S. Dollar Index: 103.40, +0.2% on the day, +1.1% for the week, its highest level since early April
USD/JPY: 159.80
EUR/USD: 1.1023

Commodities

Data is limited to crude oil and the dollar. No gold, silver or copper prices were provided, so none are reported.

Crude oil: Finished the week with a loss of about $1.50/bbl. WTI settled Monday at $86.90 (-$3.98, -4.4%) on optimism about a diplomatic resolution to the U.S.-Iran conflict. Prices fluctuated through the week on conflicting signals.
Gold, silver, copper: Not available in the provided data.
U.S. Dollar Index: 103.40 (+0.2%)
EIA natural gas inventories (11/07): +61 bcf, vs. +77 bcf prior

Overseas Markets

No Asian or European equity index levels or performance were provided, so none are reported. The data covers economic releases and policy news only.

Asia

China October new loans: CNY -100.0 bln (expected CNY 80.0 bln; prior CNY 1,080.0 bln)
China October Total Social Financing: CNY 1,150.0 bln (expected CNY 1,420.0 bln; prior CNY 3,550.0 bln)
China October M2: +7.1% year over year
Hong Kong Q3 GDP: +1.9% quarter over quarter, +5.2% year over year
Goldman Sachs expects China’s economy to grow 4.5% in 2027.
Japan’s Prime Minister Takaichi is reportedly leaning against a tax increase to fund defense spending.

Europe

Eurozone Q3 GDP: +0.4% quarter over quarter, +1.3% year over year
Germany October WPI: +0.4% month over month, +8.8% year over year
France October CPI: +3.4% year over year
Spain October CPI: +4.9% year over year
Germany plans to borrow more than EUR 200 bln in 2027.
Macron and Merz favor Pablo Hernandez de Cos as the next ECB president.

Economic Data

October PPI (final demand): +0.3% month over month vs. 0.4% consensus. September was revised up to 1.4% from 1.3%. Year over year: 6.5%, the largest increase since November 2022, vs. 6.3% in September.
October Core PPI: +0.3% month over month, in line with consensus. September was revised up to 0.8% from 0.7%. Year over year: 5.0%, unchanged.
Market impact: The softer headline briefly lifted futures and pushed yields lower. Yields then reversed higher and the relief faded, with Briefing.com calling wholesale inflation “still a big problem.”
EIA natural gas inventories: +61 bcf vs. +77 bcf prior.

Looking Ahead

Monday

8:30 AM ET: November Empire State Manufacturing (consensus 15.9; prior 25.5)

Tuesday

October Retail Sales (consensus +0.3%; prior +0.8%)
Home Depot (HD) and Walt Disney (DIS) report before the open.
NVIDIA (NVDA) reports after the close. CNBC reported that NVIDIA’s board is selecting a CEO-search firm and has not formally engaged any candidates.

Next week

FOMC minutes from the October 27–28 meeting

Wednesday

Before the open: Lowe’s (LOW), Target (TGT), TJX Companies (TJX)
After the close: Palo Alto Networks (PANW)

Thursday

Before the open: Alibaba (BABA), Walmart (WMT), Williams-Sonoma (WSM)
After the close: Gap (GAP)

Themes to watch: whether higher yields and the 50-basis-point December hike speculation continue to pressure growth stocks, whether NVIDIA’s earnings and leadership situation stabilize the AI trade, and what retail sales show about consumer resilience.