Market Summary

U.S. stocks closed mixed on Friday, November 13, 2026, with the Dow edging higher while the Nasdaq led the downside. The Dow Jones Industrial Average gained 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 three major indices finished above their session lows, but the market never fully recovered from an early retreat led by semiconductors and the broader AI infrastructure trade.

The main themes were chip-sector weakness and a rising-rate backdrop. The Philadelphia Semiconductor Index fell 3.4%, after being down as much as 6.5%. Pressure came from profit-taking, uncertainty around NVIDIA’s leadership, possible chip-export restrictions, analyst downgrades, and questions about AI buildout pace. The October Producer Price Index initially brought relief on a softer headline, but the reaction faded on upward revisions to September and elevated year-over-year readings. Fed officials Williams and Goolsbee both said more work is needed to bring inflation back to 2%.

Rotation favored defensive and value-oriented areas. Information technology fell 1.7%, while six of the other ten 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 recovering from an early decline. For the week, the S&P 500 gained 2.5% and the Nasdaq Composite advanced 2.3%, though both finished well off their midweek highs.

Market Snapshot

Index Levels

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%

Year-to-Date

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

Exchange Breadth

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

WaveFinder Breadth

Primary sentiment: Bearish (868 bulls vs. 1,438 bears)
4% sentiment: Bearish (135 bulls vs. 274 bears)
40 SMA sentiment: Neutral
Above 20 SMA: 54.03%
Above 40 SMA: 56.12%
9M bulls: 9 vs. bears: 12; bull follow-through: 0%

Sector Performance

Ranked by Briefing.com’s closing performance figures. The sectors with published percentage moves are ranked first, and the remaining sectors are listed without a change figure, since none was provided. Briefing.com’s Industry Watch lists Health Care and Communication Services among the strong groups, and Information Technology and Consumer Discretionary among the weak.

1. Consumer Staples: +1.4% (WaveFinder ATR 2.67%, flat, P63)
2. Energy: +1.0% (ATR -0.38%, flat, P37)
3. Financials: +0.8% (ATR 0.78%, rising, P89)
4. Health Care: +0.6% (ATR 1.86%, flat, P16)
5. Utilities: +0.4% (ATR 3.20%, flat, P74)
6. Communication Services: +0.3% (ATR 1.17%, rising, P95)
7. Information Technology: -1.7% (ATR -1.89%, rising, P47)

Consumer Discretionary: weak per Industry Watch, no percentage given (ATR 1.43%, flat, P53)
Industrials: no daily change given (ATR 0.10%, flat, P68)
Materials: no daily change given (ATR 0.85%, falling, P37)
Real Estate: no daily change given (ATR 1.22%, rising, P74)

Briefing.com stated that six of the ten non-tech sectors were higher. The six sectors named above account for those gains, so Consumer Discretionary, Industrials, Materials, and Real Estate were presumably lower or flat, but the data does not confirm this beyond the Industry Watch note on Consumer Discretionary.

Key Earnings & Movers

Semiconductors and AI Infrastructure (laggards)

AMD: 534.06, -51.24 (-8.8%)
Broadcom (AVGO): 347.01, -17.35 (-4.8%)
Applied Materials (AMAT): 370.50, -10.45 (-2.7%), despite a Q4 beat
Micron (MU): 778.31, -20.13 (-2.5%)
Intel (INTC): 59.66, -1.54 (-2.5%)
NVIDIA (NVDA): 162.85, -3.34 (-2.0%), amid leadership uncertainty. CNBC reported the board is selecting a CEO-search firm and has not formally engaged any candidates.
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): soared after a Q3 beat-and-raise and broke above its $23 June IPO price
Home Depot (HD): 348.69, +0.43 (+0.1%)
Walt Disney (DIS): 118.97, +0.74 (+0.6%)

Stock Spotlight

Liftoff Mobile (LFTO) was the standout story. The mobile ad tech company reported Q3 EPS of $0.47 on revenue of $238 mln, up 32% yr/yr and 8% sequentially, its 12th consecutive quarter of revenue growth. Revenue came in well above prior guidance of $217-222 mln. Adjusted EBITDA jumped 45% yr/yr to $145 mln versus guidance of $124-128 mln, with margin expanding five percentage points to 61%. Free cash flow rose to $93 mln from $28 mln.

Management raised its FY26 revenue outlook to $907-912 mln from $870-880 mln, and adjusted EBITDA to $547-551 mln from $510-518 mln. Growth was broad-based: existing customers drove 55% of yr/yr core advertising revenue growth and newer customers 45%. Customers generating more than $100,000 in annual core advertising revenue rose to 396 from 362, and non-gaming advertisers made up more than half of advertising revenue. Briefing.com noted the strength of the upside versus guidance, EBITDA growing faster than revenue, and the improving AI-powered Cortex platform, with shares recovering from a substantial post-IPO decline.

Bond Market & Treasuries

Treasuries lost ground, widening big weekly losses after five consecutive weekly gains across the curve, as markets priced speculation about a potential 50-basis-point rate hike in December.

2-yr: 4.89%, +1 bp (+36 bps on the week), seven basis points below its 2026 high of 4.96% from late September
3-yr: 4.93%, +2 bps (+34 bps on the week)
5-yr: 4.98%, +4 bps (+33 bps on the week)
10-yr: 5.15%, +5 bps (+29 bps on the week), the highest settlement in more than four weeks
30-yr: 5.48%, +5 bps (+22 bps on the week)

Yields dipped briefly after the PPI report before reversing higher, pressuring technology and higher-beta stocks. Williams and Goolsbee both said more work is needed on inflation, though Williams conceded there is time to gather more information and that longer-term inflation expectations remain anchored. The U.S. Dollar Index rose 0.2% to 103.40, its highest level since early April, and gained 1.1% on the week. USD/JPY was 159.80 and EUR/USD was 1.1023.

Commodities

Data for gold, silver, and copper was not provided. On oil, crude finished the week with a loss of about $1.50/bbl, and prices fluctuated on conflicting signals about a potential diplomatic resolution to the U.S.-Iran conflict. No Friday settlement price or daily change was provided. For reference, WTI settled at $86.90 on Monday, down $3.98 (-4.4%). Natural gas inventories rose 61 bcf for the week ended 11/07, versus +77 bcf prior.

Overseas Markets

No Asian or European equity index levels or performance data were provided. The available overseas data was economic:

China: October new loans were CNY-100.0 bln (expected CNY80.0 bln; prior CNY1,080.0 bln). Total social financing was CNY1,150.0 bln (expected CNY1,420.0 bln). M2 rose 7.1% yr/yr. Goldman Sachs expects 4.5% growth in 2027.
Eurozone: Q3 GDP +0.4% q/q (as expected) and +1.3% yr/yr. The September trade balance was EUR-10.3 bln (expected EUR-4.5 bln).
Germany: October WPI +0.4% m/m and +8.8% yr/yr. Germany plans to borrow more than EUR200 bln in 2027.
France: October CPI +0.4% m/m and +3.4% yr/yr; HICP +3.7% yr/yr.
Spain: October CPI +4.9% yr/yr.
Hong Kong: Q3 GDP +1.9% q/q and +5.2% yr/yr.
Other: Switzerland PPI +0.9% m/m; Italy September trade surplus EUR2.083 bln; India trade deficit USD-39.88 bln. Japan’s Prime Minister Takaichi is reportedly leaning against a tax increase to fund defense spending. Macron and Merz favor Pablo Hernandez de Cos as the next ECB president.

Economic Data

October Producer Price Index

Final demand: +0.3% m/m versus the 0.4% consensus. September was revised up to 1.4% from 1.3%.
Core (ex-food and energy): +0.3% m/m, as expected. September was revised up to 0.8% from 0.7%.
Year-over-year: final demand +6.5%, the largest increase since November 2022 (September: 6.3%). Core +5.0%, unchanged from September.

The softer headline initially lifted futures and dipped yields, but the relief faded as upward revisions and high annual readings reinforced concerns that wholesale inflation remains a problem.

Other: EIA natural gas inventories +61 bcf (prior +77 bcf).

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%)
Minutes from the October 27-28 FOMC meeting
Before the open: Home Depot, Walt Disney
After the close: NVIDIA, with the CEO-search story in focus

Wednesday

Before the open: Lowe’s (LOW 227.49), Target (TGT 160.90), TJX (TJX 133.98)
After the close: Palo Alto Networks (PANW 322.92)

Thursday

Before the open: Alibaba (BABA 93.98), Walmart (WMT 127.53), Williams-Sonoma (WSM 252.63)
After the close: Gap (GAP 21.09)

Investors will watch whether retail sales and FOMC minutes reinforce the case for a December rate hike, and whether NVIDIA’s report can stabilize the AI trade after Friday’s semiconductor selloff.