US stocks ended the week of 9 to 13 November 2026 with their first weekly gain since early October, but Friday was a split session. Technology shares fell for a second day after Jensen Huang resigned as Nvidia's chief executive on Thursday 12 November, while most other sectors rose and the Dow edged higher. Friday's wholesale inflation data kept bets on a December Fed rate hike in place. On our MT5 feed the S&P 500 (US500) ended at 7,542.80 and the Nasdaq 100 (USTEC) fell −1.74% on the day. Next week brings two big tests for the AI trade: Nvidia's results on Tuesday and Anthropic's stock market debut on Thursday.
What happened this week
Wall Street spent the week weighing hot inflation data, a sudden leadership change at the world's best-known chipmaker and the approach of a giant AI listing. These are the key events, in Mecca time:
Anthropic, the developer of the Claude AI models, files an amended listing document in the United States. It plans to sell 825 million Class A shares at $70 to $78 each on the Nasdaq under the ticker ANT.
Nvidia's board says Jensen Huang has resigned as president, chief executive and board member, effective immediately. Chief financial officer Colette Kress becomes interim CEO and keeps her finance role. Harvey C. Jones becomes the company's first-ever board chair, and the board starts a search for a permanent CEO. The exit follows reports of extramarital affairs, including allegations involving a woman suspected of spying for China. Nvidia shares fell sharply early in the session before buyers cut part of the loss.
The US Bureau of Labor Statistics says producer prices for final demand rose 0.3% in October, after 1.4% in September. Over 12 months they are up 6.5%, the highest annual rate since November 2022.
Nvidia falls again as several Wall Street analysts downgrade the stock to the equivalent of hold. AMD and Broadcom also drop sharply. Technology is the biggest drag on the market, but most other sectors rise. Treasury yields climb, oil is little changed and European stocks are mixed.
Wall Street closes. The S&P 500 and the Nasdaq end four-week losing streaks, and the Dow finishes Friday slightly higher.
Why Nvidia's shake-up matters beyond one stock
Nvidia is one of the largest companies on Wall Street, and its chips sit at the centre of the AI investment boom. Its shares carry a heavy weight in the S&P 500 and the Nasdaq 100, and many chipmakers, data-centre operators and cloud firms depend on its products and partnerships. That is why a change at the top can move whole indices, not only one share.
The selling on Friday was narrow. Chip and AI-linked names fell, while most other sectors gained. Meta Platforms (Facebook on our feed) moved the other way and rose +2.93%. Nvidia ended Friday at $162.66 on our feed, −1.95% on the day, after a five-day range of $148.69 to $179.80.
Inflation and the Fed
Friday's producer price report showed the monthly pace slowing from September, but the 12-month rate reached its highest level since November 2022. Prices for final demand excluding foods, energy and trade services rose 0.5% in October.
Fed officials sounded more hawkish during the week, and markets now price a high chance of a rate hike at the December meeting. Higher rate expectations lifted Treasury yields and the dollar. Higher yields usually hurt expensive growth shares the most, which helps explain why technology lagged while the broader market held up.
US indices on our feed
The Nasdaq 100 (USTEC) is at 27,848.80 on our MT5 feed: −1.74% on the day and +4.15% over five days, in a five-day range of 26,657.85 to 28,614.10. The S&P 500 (US500) moved −0.83% on Friday to 7,542.80, and the Dow (DJ30) ended at 52,271.35 (−0.16%).
The S&P 500, the Dow and Nvidia side by side over the same five days:
Gold, bitcoin and the dollar
Gold touched its lowest level in about a year this week as rate-hike bets grew, and it moved −4.40% over five days to $3,884.49 on our feed. Bitcoin fell −1.50% over 24 hours to $67,258.17. A firmer dollar and higher yields weighed on assets that pay no interest.
Scenarios for next week
- Reassuring Nvidia results: if Nvidia's figures and outlook on Tuesday calm worries about the leadership change, chip shares may rebound and the Nasdaq 100 could recover part of Friday's loss.
- Disappointing results or new leadership news: if the outlook falls short or new details about Huang's exit emerge, the sell-off in AI shares may deepen and pull the S&P 500 and Nasdaq 100 lower.
- Strong demand for the Anthropic listing: if the shares price at the top of the range and trade well on Thursday, appetite for AI stocks may improve. A weak debut could add to pressure on the sector.
- Inflation and the Fed: if more Fed officials back a larger December hike, yields may rise further, which tends to weigh on technology shares and support the dollar.
What to watch next
- Monday's open: the first trading after the weekend, when any new Nvidia or Fed news is priced.
- Wednesday 18 November, about 00:20 Mecca time: Nvidia publishes its third-quarter fiscal 2027 results (the evening of Tuesday 17 November in the US), with the earnings call at 01:00 Mecca time.
- Wednesday 18 November: Anthropic is expected to price its shares.
- Thursday 19 November: Anthropic is expected to start trading on the Nasdaq as ANT.
- Fed speakers and the December meeting: any hint of a larger hike would move yields, the dollar and growth shares.
- Nvidia's CEO search: the board will consider internal and external candidates.
Trading US indices and stocks at TNFX
The S&P 500 (US500), the Nasdaq 100 (USTEC), the Dow (DJ30) and shares such as Nvidia are available as CFDs on MT4 and MT5, long or short. Around earnings and big news, spreads can widen and prices can gap at the open, so use stop-losses and size positions for the risk.
Trade US indices and Nvidia on MT5
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Common questions
Why did Jensen Huang resign as Nvidia CEO?
Nvidia's board announced on 12 November 2026 that Huang had resigned as president, CEO and board member, effective immediately. The move followed reports of extramarital affairs, including allegations involving a woman suspected of spying for China.
Who is running Nvidia now?
Chief financial officer Colette Kress is interim CEO and keeps her CFO role. Harvey C. Jones is the first-ever chair of the board, which is searching for a permanent CEO among internal and external candidates.
How did US stocks do this week?
The S&P 500 and the Nasdaq posted their first winning week since early October, ending four-week losing streaks. On Friday 13 November technology shares fell while the Dow edged higher. On our feed the S&P 500 moved +2.55% over five days.
When does Nvidia report earnings?
Nvidia reports its third-quarter fiscal 2027 results on Tuesday 17 November at about 1:20 p.m. US Pacific time, which is about 00:20 Mecca time on Wednesday 18 November. The earnings call starts at 01:00 Mecca time.
When is the Anthropic IPO?
Anthropic plans to sell 825 million shares at $70 to $78 each. Pricing is expected on Wednesday 18 November and trading on the Nasdaq under the ticker ANT on Thursday 19 November.
What did the US PPI show for October 2026?
Producer prices for final demand rose 0.3% in October after 1.4% in September. The 12-month rate was 6.5%, the highest since November 2022.
What is the Nasdaq 100 price now?
On the TNFX MT5 feed the Nasdaq 100 (USTEC) is at 27,848.80, −1.74% on Friday and +4.15% over five days. Markets are closed at the weekend and reopen after it.