Morning Session · Friday, Nov. 13, 2026
Stocks slid after the open on Friday. As of 10:28 a.m. ET, the S&P 500 was down 1.1%, the Nasdaq down 1.8% and the Dow down 0.4%. U.S. wholesale prices rose 0.3% in October and 6.5% over 12 months, the most since November 2022, and the 10-year Treasury yield was above 5.1%. Chip stocks led the decline: Nvidia fell nearly 4% as several analysts cut their ratings after CEO Jensen Huang resigned on Thursday. Cerebras rose more than 6% after a record quarter, a higher forecast and a cloud deal with Microsoft. Cisco fell about 5% as its gross margins shrank despite record sales, and Microsoft slipped less than 1% as it works to fix an Outlook and Teams outage. Still ahead: Fed Vice Chair Philip Jefferson speaks at 7 p.m. ET, and Nvidia reports results on Tuesday.
The numbers
- S&P 500: −1.1%
- Nasdaq: −1.8%
- Dow: −0.4%
- Nvidia: −3.9%
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