Today’s Stock Market in 2-Minutes

By Alex Financials

Published: November 11, 2026

 

1. Stock Market Today: Nasdaq Leads Wall Street Lower as Nvidia Fallout Continues

U.S. stocks are declining on Friday as renewed uncertainty surrounding Nvidia ($NVDA), persistent inflation, and expectations of additional Federal Reserve interest-rate increases weigh on investor sentiment.

By 11:23 a.m. Eastern time, the Dow Jones Industrial Average had fallen 122 points, or 0.23%, the S&P 500 was down 1.01%, and the Nasdaq Composite had declined 1.74%, according to Reuters market coverage.

Technology stocks are leading the losses, with semiconductor manufacturers and AI infrastructure companies experiencing significant selling pressure.

Nvidia dropped 4.3%, while Broadcom ($AVGO) declined approximately 7% and Advanced Micro Devices ($AMD) lost around 10%. The Philadelphia Semiconductor Index fell approximately 6%.

The latest weakness follows Thursday’s announcement that Nvidia CEO Jensen Huang had resigned, creating uncertainty around one of the most influential companies in the global technology industry.

Investors are also reacting to October’s Producer Price Index report, which showed that annual wholesale inflation accelerated to 6.5%, its highest level since November 2022.

Higher Treasury yields are adding pressure. The 10-year U.S. Treasury yield climbed to approximately 5.13%, while financial markets continued increasing their expectations for another Federal Reserve rate increase in December.

Despite Friday’s losses, the S&P 500 remains on track for a weekly gain of approximately 1.8%, potentially ending its losing streak since early October.

The market is therefore presenting a mixed picture: corporate earnings remain relatively strong, but leadership uncertainty, inflation, and financing costs are making investors more cautious about highly valued technology companies.

2. Nvidia Stock Falls Again After Jensen Huang Resigns as CEO

Nvidia ($NVDA) is at the center of Friday’s market volatility following the unexpected departure of co-founder and longtime CEO Jensen Huang.

The company announced on Thursday that its board of directors had accepted Huang’s resignation, effective immediately. The decision also includes his departure from the company’s board.

Nvidia appointed longtime Chief Financial Officer Colette Kress as interim CEO while the board searches for a permanent successor.

Harvey C. Jones, who has served on Nvidia’s board since 1993, was appointed the company’s first independent chairman.

The announcement represents one of the most significant leadership changes in Nvidia’s history. Huang had led the company for more than three decades and became one of the most influential executives in the artificial intelligence industry.

Why Did Jensen Huang Resign?

The resignation follows reports concerning Huang’s personal relationships with employees and a businesswoman suspected by U.S. authorities of having connections to Chinese intelligence.

The allegations have attracted attention from U.S. lawmakers because Nvidia operates at the center of the global advanced semiconductor industry.

Huang’s relationships with international technology executives and government officials have also been important to the company’s commercial strategy.

Nvidia has not reported evidence that its confidential information or U.S. national security interests were compromised.

The company has emphasized that its operations, customer commitments, and product development plans are expected to continue without interruption.

U.S. Lawmakers Demand Answers About Semiconductor Exports

The situation is creating additional political pressure for Nvidia.

Members of the Senate Banking Committee have requested that Huang and Commerce Secretary Howard Lutnick testify next month regarding advanced semiconductor export controls and the potential risks associated with technology transfers to China.

House Speaker Mike Johnson has also indicated that there is growing bipartisan support for tighter restrictions on China’s access to advanced American chips.

These developments could create additional uncertainty for Nvidia’s international business, particularly given the importance of China to the global semiconductor market.

Investors are now evaluating three major risks: leadership continuity, potential regulatory restrictions, and the possibility that Nvidia’s competitors could benefit from the uncertainty.

For shareholders, the immediate concern is whether the company can maintain its competitive position while navigating an unprecedented leadership transition.

Read Nvidia’s official CEO transition announcement and its SEC leadership-change filing.

3. U.S. Producer Prices Rise 6.5% Annually, Raising Inflation Concerns

Another major market development on Friday is the latest Producer Price Index report from the Bureau of Labor Statistics.

The report showed that producer prices increased 0.3% in October, slightly below economists’ expectations of 0.4%.

However, the annual increase accelerated to 6.5%, up from 6.3% in September. This represents the largest year-over-year increase since November 2022.

The figures suggest that inflationary pressures remain widespread even though the monthly increase in producer prices was smaller than expected.

Several categories contributed to the increase:

  • Food prices increased 1.3%, the largest monthly increase in eight months.
  • Goods prices excluding food and energy rose 0.5%.
  • Transportation and warehousing services increased 2%.
  • Freight transportation by truck rose 3.9%.
  • Energy prices declined 0.1%, helped by a 7.9% monthly decrease in diesel fuel.

The increase in transportation costs is particularly important because freight expenses affect businesses throughout the economy.

When manufacturers and distributors pay more to move products, some of those costs eventually reach consumers through higher retail prices.

The report also showed that prices for goods excluding food and energy increased 10.2% over the past year, their largest annual gain in four years.

Why the PPI Report Matters for Investors

Producer inflation provides an indication of the costs businesses face before products reach consumers.

When wholesale prices increase, companies must decide whether to absorb those expenses, accept lower margins, or pass costs on to customers.

The latest figures suggest that inflation is becoming more widespread rather than remaining concentrated in energy.

This creates a difficult environment for the Federal Reserve, particularly following October’s stronger-than-expected Consumer Price Index report.

The combination of consumer and producer inflation is strengthening expectations for additional monetary tightening.

Read the official October Producer Price Index report from the Bureau of Labor Statistics and Reuters’ analysis of the inflation data.

4. Treasury Yields Top 5.1% as Federal Reserve Officials Signal More Rate Increases

Higher inflation is pushing bond yields upward as investors prepare for potentially more aggressive Federal Reserve policy.

The 10-year U.S. Treasury yield increased to approximately 5.13% on Friday, while the two-year yield remained near 4.85%.

The increase reflects growing expectations that the Federal Reserve will need to maintain restrictive monetary policy to bring inflation closer to its 2% target.

Markets are currently assigning approximately an 89% probability to a 25-basis-point interest-rate increase at the December 8-9 meeting, according to CME FedWatch estimates.

The possibility of a larger 50-basis-point increase has also attracted attention.

Fed Officials Warn That Inflation Remains Too High

Boston Federal Reserve President Susan Collins added to the concerns on Friday, saying that additional monetary tightening would likely be appropriate.

Collins indicated that recent inflation data was less favorable than policymakers had hoped and suggested that a tighter policy path could be necessary.

She also acknowledged that economic developments could eventually require a more aggressive response.

Other Federal Reserve officials, including New York Fed President John Williams and San Francisco Fed President Mary Daly, have recently emphasized that inflation remains above acceptable levels.

The comments indicate that policymakers are increasingly concerned about the persistence of price pressures.

What Higher Interest Rates Mean for Stocks

Higher borrowing costs affect nearly every part of the stock market, but technology companies can be particularly vulnerable.

Businesses investing billions of dollars in data centers, semiconductor manufacturing, and AI infrastructure often rely on a combination of debt, equity, and long-term customer commitments.

When interest rates rise, financing becomes more expensive and future earnings become less valuable in present-value calculations.

This can lead investors to reduce the valuations assigned to high-growth businesses, even when their revenues continue increasing.

Higher Treasury yields also make government bonds more attractive relative to riskier investments.

For the broader market, the biggest question is whether the Federal Reserve will be able to control inflation without significantly slowing economic growth.

Read Reuters’ report on comments from Federal Reserve President Susan Collins.

5. Bitcoin Falls Below $69,000 as Crypto Investors Reduce Risk Exposure

Cryptocurrency markets are also experiencing significant losses on Friday as investors respond to rising interest-rate expectations and uncertainty surrounding the technology sector.

Bitcoin ($BTC) fell approximately 7% over 24 hours, declining below $69,000 for the first time since August 20.

Ethereum ($ETH) also moved lower, trading around $1,920.

According to The Block’s cryptocurrency market report, approximately $1.47 billion in leveraged cryptocurrency positions were liquidated over a 24-hour period.

Long positions accounted for approximately $1.31 billion of those liquidations.

The decline reflects several competing pressures.

First, stronger inflation data has increased expectations for Federal Reserve rate increases. Higher interest rates typically reduce appetite for speculative investments.

Second, the technology selloff has weakened demand for higher-risk assets.

Third, uncertainty surrounding Nvidia’s leadership transition has added pressure to companies and investors associated with the broader AI and technology ecosystem.

Strategy and Coinbase Also Face Selling Pressure

Several publicly traded cryptocurrency businesses are declining alongside digital assets.

Strategy ($MSTR), the largest publicly traded corporate holder of Bitcoin, is experiencing additional pressure following MSCI’s decision to remove the company from its indexes at the end of November.

The decision has raised concerns about potential forced selling from investment funds that track those benchmarks.

Coinbase ($COIN) and Robinhood ($HOOD) have also declined as cryptocurrency trading sentiment weakens.

The latest selloff demonstrates how sensitive digital assets remain to changes in liquidity, borrowing costs, and institutional investment flows.

For investors, Bitcoin’s decline is another indication that tighter monetary policy could continue affecting speculative assets beyond traditional technology stocks.

6. Cerebras Shares Rally as Microsoft Becomes a Customer and AI Revenue Forecast Increases

While many semiconductor companies are struggling, Cerebras Systems ($CBRS) is emerging as an important exception.

The AI infrastructure company reported record third-quarter results on Thursday and increased its full-year revenue forecast, providing evidence that demand for alternative AI computing platforms remains strong.

Cerebras reported third-quarter adjusted revenue of $230.9 million, representing 70% growth year over year.

Adjusted cloud and services revenue reached $144.9 million, increasing 272% from the previous year.

The company also reported an adjusted profit of $29.82 million, compared with an adjusted loss of $10.86 million during the same period last year.

One of the most important announcements was the signing of Microsoft ($MSFT) as a new cloud customer.

Cerebras also confirmed that its remaining performance obligations reached $26.1 billion as of September 30.

Management raised its full-year 2026 adjusted revenue forecast to between $940 million and $960 million, compared with its previous outlook of $880 million to $890 million.

CEO Andrew Feldman emphasized growing demand for high-speed AI inference and computing capacity.

The company also reported that it has approximately 700 megawatts of data center capacity under contract.

Shares jumped more than 17% in extended trading following Thursday’s announcement and gained further during Friday’s session.

Why Cerebras Matters to the AI Industry

Cerebras is positioning itself as an alternative to traditional GPU-based computing systems.

Its wafer-scale processors are designed to accelerate AI workloads by integrating large amounts of processing capacity and memory into a single chip architecture.

The company’s growth suggests that demand for AI computing is expanding beyond Nvidia’s traditional GPU ecosystem.

Microsoft’s decision to become a customer is also significant because it provides commercial validation from one of the world’s largest cloud computing companies.

For investors, Cerebras offers a contrasting example to the current semiconductor selloff: companies that demonstrate accelerating demand, stronger financial performance, and new customer commitments can continue attracting capital even in a difficult market.

Read Cerebras’ official third-quarter 2026 results.

7. Microsoft 365 Outage Continues as Outlook, Teams and Copilot Remain Disrupted

Microsoft ($MSFT) is facing an operational challenge as a widespread service disruption affecting Microsoft 365 continues into Friday.

The outage began on Thursday and has affected Outlook, Teams, SharePoint, OneDrive, Copilot, and other connected enterprise services.

Users in multiple countries have reported difficulties accessing email accounts, loading inboxes, sending messages, and connecting to cloud applications.

Microsoft has acknowledged that several infrastructure fixes have not worked as expected, forcing the company to pursue additional recovery measures.

The disruption appears to involve an infrastructure or configuration issue rather than a confirmed cyberattack. Microsoft has said it has found no evidence of malicious activity.

According to The Guardian’s live coverage, the outage has affected businesses, schools, government agencies, and other organizations that depend on Microsoft’s cloud services.

What the Outage Means for Microsoft Investors

The incident highlights the importance of operational reliability for large cloud technology providers.

Microsoft generates significant recurring revenue from enterprise software and cloud services, making service availability central to customer confidence.

Although the company has not provided an estimate of financial losses, prolonged disruptions could create reputational risks and additional costs.

Microsoft shares were modestly lower during Friday trading as investors assessed the impact of the outage alongside broader weakness in technology stocks.

The company’s ability to restore services and explain the underlying cause will be important for maintaining confidence among enterprise customers.

8. Stock Market Outlook: What Investors Should Watch Next Week

Friday’s market volatility highlights how quickly investor sentiment can change when leadership uncertainty, inflation, and monetary policy converge.

Three major developments will be particularly important over the coming week.

First, Nvidia’s leadership transition. Investors will be watching whether Colette Kress can reassure customers and shareholders while the board searches for a permanent CEO. The company’s November 17 earnings announcement will be especially important.

Second, the Anthropic IPO. The proposed public offering could test whether investors remain willing to commit substantial capital to AI companies after recent volatility. Its pricing and valuation could influence sentiment across the entire technology sector.

Third, inflation and Federal Reserve policy. The October PPI report confirms that inflation remains widespread, while higher Treasury yields suggest investors are preparing for additional tightening. Upcoming economic reports and Fed communications could determine whether the December rate increase becomes a near certainty.

Investors will also monitor the continued Bitcoin decline, the recovery of Microsoft services, and developments surrounding the U.S.-Iran conflict.

Final Takeaway

The stock market news for November 13, 2026, is dominated by the intersection of technology-sector uncertainty and persistent inflation.

The Nasdaq has fallen approximately 1.74% during the reported session, while the S&P 500 and Dow have also moved lower. Nvidia’s CEO departure continues to weigh on semiconductor stocks, with AMD and Broadcom experiencing significant declines.

At the same time, October producer prices increased 6.5% year over year, reinforcing expectations that the Federal Reserve will raise interest rates in December.

The cryptocurrency market is also under pressure, with Bitcoin falling below $69,000 and approximately $1.47 billion in leveraged positions liquidated.

However, Cerebras ($CBRS) provides an important positive counterpoint. Its stronger revenue outlook and new Microsoft partnership demonstrate that demand for AI computing remains substantial, even as investors become more selective about the companies benefiting from that demand.

The central market theme is that the AI industry remains a major source of growth, but investors are demanding greater stability, stronger financial returns, and credible leadership. At the same time, inflation and higher interest rates are making it increasingly difficult for highly valued growth stocks to maintain their market premiums.

This article is for informational purposes only and is not investment advice.

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