US Stocks Gain for the Week as S&P 500 and Nasdaq End Four-Week Losing Streaks
All three major US stock indexes rose in the week ended November 13, with the S&P 500 and Nasdaq Composite ending four-week losing streaks. October inflation data, expectations of Federal Reserve rate increases and leadership changes at Nvidia kept technology stocks volatile.
In the week ended November 13, all three major US stock indexes gained: the S&P 500 rose 2.51%, the Nasdaq Composite gained 2.27%, and the Dow Jones Industrial Average climbed 2.07%. The S&P 500 and Nasdaq thus ended four consecutive weeks of declines.
Traders at the New York Stock Exchange in the United States.（VietVance）
Markets fluctuated during the week. On November 9, all three indexes rose as oil prices fell; on November 10, US October inflation data came in above market expectations, and concerns about interest rate increases sent stocks lower. On November 11, data center operator CoreWeave reported better-than-expected third-quarter 2026 results and raised its full-year revenue forecast to $13 billion–$13.3 billion, lifting artificial intelligence-related stocks.
On November 12, Nvidia announced the resignation of Jensen Huang, and all three major stock indexes fell. On November 13, the S&P 500 fell 0.40% to close at 7,561.67 points; the Nasdaq dropped 0.91% to 25,136.27 points; and the Dow rose 0.10% to 52,347.55 points. Nvidia shares fell 2% that day, marking a sixth consecutive weekly decline. According to the Financial Times, Nvidia's board approached Arm Holdings CEO Rene Haas while seeking a successor.
The US Labor Department reported that the producer price index rose 6.5% year on year in October, its largest annual increase since November 2022. Markets still expect the Federal Reserve to raise interest rates by at least 0.25 percentage points at its December meeting. Next week, investors will also watch the planned initial public offering of artificial intelligence company Anthropic.
Source: VietVance
