FinDogFinDog
Friday, November 13, 2026Closing data · 4:00 PM ET
English
Log in

Daily Wrap

Published after every US market close · Markets, news, rates and FX on one pageSubscribe
2026-11-13

Nvidia turmoil drags Nasdaq lower as Dow edges up

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyAAPL+0.4%MSFT+0.2%NVDA-2.0%AVGO-4.8%AMD-8.8%MU-2.5%PLTR-2.1%CSCO-6.2%ORCL-1.4%INTC-2.5%TXN-2.8%AMAT-2.7%LRCX-3.4%PANW-0.1%ANET-4.5%IBM+1.0%CRWD-1.4%DELL-7.2%KLAC-3.2%ADI-2.8%APH-1.8%SHOP+0.2%QCOM-2.6%CRM+0.1%ACN+0.2%WDC-5.0%MRVL-4.7%SNDK-5.6%STX-3.1%NOW+1.6%GLWADBEFTNTINTUCDNSMSISNPSTELADSKLITEKEYSROPALABNTAPPMCHPZoom into Communication ServicesCommunication ServicesGOOGL-1.0%GOOG-1.0%META+2.9%NFLX-0.9%DIS+0.6%VZ-0.4%TMUS-0.6%T+0.0%APP+3.9%CMCSA+1.4%LYVTTWOSKYDTKOFOXAFOXECHOCHTROMCNWSZoom into FinancialsFinancialsBRK.B+0.5%JPM+1.0%V+1.3%MA+1.3%BAC+1.0%MSGSWFCZoom into IndustrialsIndustrialsSPCX-0.6%Zoom into Health CareHealth CareLLY+1.1%JNJ+0.8%ABBVUNHMRKTMOAMGNGILDABTPFEDHRZoom into Consumer DiscretionaryConsumer DiscretionaryAMZN-0.3%TSLA-1.8%HD+0.1%MCDTJXSBUXBKNGHLTCVNAMELIROSTDASHORLYGMZoom into Consumer StaplesConsumer StaplesWMT+1.5%COSTKOPGPMPEPZoom into EnergyEnergyXOM+0.5%CVXCOPZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
−4% 0 +4%
Market Summary

Market & SentimentA split tape: the Dow gained 0.13% while the Nasdaq 100 fell 1.2% and the S&P 500 slipped 0.36%, with the Russell 2000 down 0.32%. Breadth stayed firm at 316 advancers versus 184 decliners and 69.1% of stocks above their 50-day average, so the weakness was concentrated in AI hardware rather than broad. The dollar near a 19-month high on Fed hike bets weighed on risk appetite.

Sectors & StocksDefensives led: consumer staples rose 1.41%, energy 0.94% and financials 0.8%, while information technology fell 1.73%. AMD dropped 8.75%, Dell 7.18% and Cisco 6.24% as the AI hardware trade sold off; Cisco beat but its gross margin slipped 2.5 points. Sandisk and Western Digital each lost about 5%. Meta rose 2.9% despite closing below its 200-day average, and AppLovin added 3.92%.

Rates, FX & CryptoThe 10-year yield rose 5bp to 5.15% and the 2-year added 2bp to 4.88%, leaving the 2s10s spread at 27bp. The dollar firmed: EUR/USD fell 0.26% and USD/CNY edged up 0.05%, consistent with the greenback near a 19-month high on Fed hike expectations. Crypto sold off hard, with Bitcoin down 4.23% and Ether down 4.18%.

Earnings & AnnouncementsCisco reported record $18.5 billion revenue and doubled its AI outlook, yet the stock fell on margin mix. Applied Materials pointed to AI-driven demand and record 2027 growth. Cerebras jumped 13% after beating on revenue and announcing a Microsoft deal. FinDog moved Charles River Laboratories from Neutral to Bullish and Starbucks from Neutral to Bullish, and cut Gartner from Bullish to Neutral.

What to Watch Next Trading Day
  • Medtronic and Tyson Foods report; Nvidia fallout and dollar in focus
  • Fed hike expectations after Bessent-Goolsbee inflation split
  • AI hardware selling pressure after AMD, Dell and Cisco declines
Top News
  1. US grounds flights nationwide after air traffic control outage
    A communications outage at air traffic control halted flights across the country, a disruption that could weigh on airlines and travel demand until service is restored.
    Reuters11-13 22:31 UTC
  2. Dollar near 19-month high on Fed hike bets
    The dollar approached a 19-month high as markets price further Fed hikes, with the yen testing 160. A firmer dollar tightens conditions for exporters and dollar-sensitive assets.
    Reuters11-13 01:58 UTC
  3. Bessent, Goolsbee split on energy shock and inflation
    Treasury's Bessent and the Fed's Goolsbee disagree on how much the energy shock is driving inflation, a debate that shapes the path of rate policy into next year.
    Reuters11-13 15:40 UTC
  4. Lutnick to testify on Nvidia China chip sales
    Commerce Secretary Lutnick agreed to testify before the Senate Banking Committee over Nvidia's China chip sales, adding regulatory scrutiny on top of the leadership turmoil at the chipmaker.
    NVDACNBC11-13 10:54 UTC
  5. Nvidia turns to CFO Colette Kress to steady ship
    Nvidia tapped CFO Colette Kress to steady the company after CEO Jensen Huang's exit, less than three months before its fiscal year ends. Leadership continuity is now the central question for AI hardware.
    NVDABloomberg11-12 22:15 UTC
  6. Cerebras surges 13% on beat and Microsoft deal
    Cerebras beat quarterly revenue expectations and announced a Microsoft deal after partnerships with Amazon and Oracle, a rare bright spot in AI chips on a down day for the group.
    MSFTCNBC11-12 21:23 UTC
  7. Cisco beats, sees AI infrastructure revenue doubling
    Cisco beat estimates and said AI infrastructure revenue will double this fiscal year, though a 2.5-point gross margin decline overshadowed the record $18.5 billion in revenue.
    CSCOCNBC11-12 21:20 UTC
  8. IEA sees oil market returning to surplus
    The IEA said the world oil market is returning to surplus as Gulf exports recover, a backdrop that matters for energy earnings even as crude-linked names outperformed today.
    XOMCVXReuters11-13 11:34 UTC
  9. CFTC chair says crypto industry embracing agency rules
    CFTC Chair Selig said the crypto industry is embracing agency rules as legislative hopes fade, after the agency proposed crypto rules in October to assert jurisdiction.
    CNBC11-13 13:15 UTC
  10. Microsoft outage hits Outlook, Copilot; cloud users affected
    A Microsoft outage took down Outlook and Copilot, with AWS and Google users also reporting issues. The cause is unconfirmed, but repeated disruptions draw attention to cloud reliability.
    MSFTAMZNGOOGLCNBC11-12 20:57 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

Archive11-1311-1211-1111-1011-0911-0611-0511-0411-0311-02