Wall Street Posts First Winning Week Since October Despite Friday Chip Slide; Nvidia Earnings Up Next

Wall Street ended a turbulent week with its first weekly gain since early October, even as a renewed slide in chip stocks pulled the S&P 500 and Nasdaq lower on Friday, Nov. 13, 2026.

The S&P 500 fell 30.73 points, or 0.40%, to 7,561.67, and the Nasdaq Composite lost 229.82 points, or 0.91%, to 25,136.27, Reuters reported. The Dow Jones Industrial Average rose 50.46 points, or 0.10%, to 52,347.55. The Russell 2000 index of smaller companies slipped 0.3% to 2,790.49, according to Kitco News.

A winning week despite Friday's dip

For the week, the S&P 500 gained 2.51%, the Nasdaq rose 2.27% and the Dow climbed 2.07%, according to Reuters. The S&P 500 and Nasdaq both snapped four-week losing streaks, and CNBC said all three major averages posted their best weekly performances since early August. The Associated Press described the S&P 500's advance as its biggest weekly gain since August.

Stocks opened higher on Friday after the Labor Department's producer price index, a gauge of wholesale inflation, rose 0.3% in October, below the 0.4% increase economists polled by Dow Jones had expected. The same report showed producer prices up 6.5% from a year earlier, the largest annual increase since November 2022, CNBC reported. The major indexes gave up their early gains within the first half hour of trading.

Chip stocks lead the decline

Technology shares bore the brunt of the selling. The S&P 500 technology sector fell 1.7%, the worst performance among the index's 11 sectors, and the Philadelphia Semiconductor Index dropped 3.4%, Reuters said. Advanced Micro Devices fell 8.8% and Broadcom declined 4.8%, the biggest drags on the chip index. Data center-related companies IREN and Applied Digital lost 6.7% and 5.8%, respectively, while CoreWeave and Nebius also ended lower.

Nvidia shares fell 2%, extending their losing streak to six straight weeks, the longest since October 2012, according to Reuters. Jensen Huang resigned as Nvidia's chief executive on Thursday after revelations of extramarital affairs, including a relationship with a businesswoman suspected by the U.S. of spying for China. The Financial Times reported that Nvidia's board had approached Arm Holdings CEO Rene Haas as it searches for a successor, Reuters said.

"The market and investors are trying to navigate what does the AI theme look like when we have the absence of Jensen Huang," Anthony Saglimbene, chief market strategist at Ameriprise Financial, told Reuters. Reuters also noted that sweeping Democratic victories in the midterm elections the previous week had raised concerns about regulations that could slow growth at AI-related companies.

Microsoft finished 0.2% higher after erasing earlier declines as a global outage affecting its Outlook and Teams products began to ease. Declining issues outnumbered advancers by a 1.28-to-1 ratio on the New York Stock Exchange and by 1.61-to-1 on the Nasdaq.

Airlines slide late after FAA ground stop

Airline shares dropped in the final minutes of the regular session after the Federal Aviation Administration issued a nationwide ground stop of departing flights, citing "extraordinary circumstance and reasons for safety," according to a Reuters market report. The NYSE Arca airline index closed down 1.4%.

Elsewhere, MSCI's gauge of stocks across the globe fell 4.15 points, or 0.37%, to 1,112.12, while the pan-European STOXX 600 also registered a gain for the week, Reuters said. The benchmark 10-year Treasury yield climbed toward 5.15% on Friday, Kitco News reported, as traders continued to price in further Federal Reserve rate increases. Kitco cited futures pricing that showed an 89% probability of a quarter-point hike at the Fed's Dec. 8-9 meeting and an 11% probability of a half-point move.

The week ahead

Nvidia is scheduled to report quarterly results on Tuesday after the closing bell. "A lot of attention is still going to be paid next week to Nvidia," Chuck Carlson, chief executive officer at Horizon Investment Services, told Reuters. The economic calendar includes October retail sales on Tuesday and the minutes of the Federal Reserve's October policy meeting on Wednesday, according to Kitco News.