newsmetry
rusign inget started
macro

S&P 500 and Nasdaq Close Lower on Nvidia Selloff, Yet Post Best Week Since August

According to Stocktwits, US indexes closed lower Friday as Nvidia shares fell after Jensen Huang's exit, but they still finished the week higher overall.

published on Newsmetry
original source published

the same feed is available to bots and dashboards through the api. connect the api →

Newsmetry newsroom

what happened

The S&P 500 slipped 0.4% on Friday and the Nasdaq 100 lost 1.2%, while the Dow Jones Industrial Average gained 0.1%, Stocktwits reported. The small-cap Russell 2000 fell 1.2%. Semiconductor ETFs SMH and the iShares Semiconductor ETF dropped roughly 3% to 3.6%, mostly because of Nvidia. The Vanguard Information Technology ETF (VGT) declined 1.7%.

Nvidia shares lost about 13% over the week, their weakest stretch since April last year. Jensen Huang resigned as chief executive on Thursday after allegations about personal relationships, including one with an Nvidia employee and an individual American intelligence suspects of covert ties to Beijing. Investors are now looking ahead to Nvidia's earnings report on November 17.

Wholesale prices rose 0.3% in October, a little below the 0.4% gain Dow Jones analysts had expected. On an annual basis, producer prices climbed 6.5%, the sharpest twelve-month increase since November 2022.

why it matters

Markets are weighing two questions: whether Nvidia can hold its position without Huang, and how Nvidia's November 17 results and Anthropic's IPO on November 19 will shape tech sentiment. Softer-than-expected producer price data offered some relief, tempering the market's reaction.

market impact

Nvidia and chip stocks: pressure from uncertainty over the company's leadership

  • Nvidia pressure down — shares lost about 13% over the week after the leadership change
  • US stocks pressure down — a selloff in the largest tech stocks dragged the indexes lower

tags

EconomyLeadership changeInflationStockUnited States

instruments

S&P 500 ↗Nasdaq 100Nvidia ↗Dow JonesRussell 2000SMH

on polymarket

Will S&P 500 (SPX) hit $8,600 (HIGH) in December?3.1%Will S&P 500 (SPX) hit $6,200 (LOW) in December?5.3%Will S&P 500 (SPX) hit $8,200 (HIGH) in December?10.5%

sources

  1. S&P 500, Dow, Nasdaq End Lower Amid Nvidia Turmoil, But Record Best Week Since August — SPCX, NVDA, ARM, AZN In Focus — Stocktwits, 13 November 2026 at 23:37 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

alerts on your topics, the morning digest and the api — in your account.

get stories in real time ↗

related stories