S&P 500 and Nasdaq Fall Friday, but Indexes Still End the Week Higher

Featured image: The New York Stock Exchange building in a May 21, 2024, file photo. Photo: 颐园居, Wikimedia Commons, CC BY-SA 4.0. Cropped to 16:9.

U.S. stocks finished mixed on Friday, Nov. 13, as the S&P 500 and the Nasdaq Composite declined and the Dow Jones Industrial Average eked out a small gain, Kiplinger reported, in a session dominated by further losses in Nvidia and other chipmakers. Even so, Kiplinger said the three major indexes still closed the week higher.

Closing figures and percentage changes as reported by Kiplinger on Nov. 13, 2026. The index levels are the rounded closes in that report.

Kiplinger said stocks opened higher after mixed wholesale-inflation data and then turned lower on continued weakness in technology shares. “Tech is getting slammed as Nvidia’s shakeup intensifies in response to mounting evidence that the firm’s chips are reaching the wrong hands in China,” José Torres, a senior economist at Interactive Brokers, told Kiplinger. “The entire semiconductor space is taking a beating on this Friday the 13th, with investors concerned that tighter regulations and heavier oversight may ding revenue and income prospects.”

By the numbers: a down day for chips, a weekly gain for the indexes

The Friday close left a clear split on Wall Street. The Dow rose 0.1%. The S&P 500 fell four times as much in percentage terms, and the Nasdaq fell nine times as much, The Boston Report calculations from Kiplinger’s reported percentage changes (0.4 divided by 0.1, and 0.9 divided by 0.1). In points, using Kiplinger’s rounded closes, those moves are modest next to the indexes’ overall levels, but they were concentrated in the companies most tied to artificial-intelligence chips.

Among individual stocks, Kiplinger said Advanced Micro Devices was the worst performer in the S&P 500 on Friday, falling 8.8%. Broadcom dropped 4.8%, Intel 2.5%, and Nvidia 2%. Cisco Systems fell 6.2% even after what Kiplinger described as a beat-and-raise quarter; the publication said the decline could represent profit-taking after a strong year for the Dow component. Morgan Stanley analyst Meta Marshall, cited by Kiplinger, said the October quarter eased some concerns and that an earnings-per-share raise was larger as operating-expense efficiency grew, but she kept an Equal-Weight rating, saying Cisco’s recent rally left “less room for upside.”

Nvidia’s Friday decline came after Huang resigned as president, chief executive and a board member, with chief financial officer Colette Kress named interim CEO, a transition The Boston Report reported on Thursday. A Boston Report market report published Friday morning, before the closing bell, said Nvidia was heading for a sixth straight weekly loss. Kiplinger’s closing report said Nvidia “closes out dramatic week with a loss” and “continued to slide,” falling 2% on Friday, but it did not publish a weekly percentage change for the stock. This article therefore does not state a weekly percentage or declare the streak complete beyond what those two reports show: further losses on Friday in a week already described, before the close, as on track for a sixth weekly decline.

Nvidia is scheduled to report fiscal third-quarter results after the close on Tuesday, Nov. 17, the company’s own announcement of the CEO transition said, with an earnings call at 2 p.m. Pacific Time. Cullen Rogers, chief investment officer at Wedbush Fund Advisers, told Kiplinger that “the AI Revolution has never been about one person,” and that the Nov. 17 call would be “the first read” on whether Nvidia “can execute without its founder.”

Inflation data and the Fed’s December meeting

Before the open, the Bureau of Labor Statistics said the Producer Price Index rose 0.3% from September to October, Kiplinger reported, below economists’ 0.4% forecast, while the annual rate was 6.5%, the highest since November 2022. Core PPI, excluding food and energy, rose 0.3% from the prior month, in line with expectations, and was up 5% from a year earlier, the highest annual core rate since January 2023, Kiplinger said. Those figures match the official Bureau of Labor Statistics news release for October.

Chris Osmond, chief investment officer for Fifth Third Wealth Advisors, told Kiplinger: “The good news is that producer price inflation cooled from September. The bad news is that it may not have cooled enough to give markets the rate relief they want.” He said energy prices were lower in October but that prices for food, services and transportation and warehousing were up, which “suggests inflation is working its way into the broader economy rather than remaining concentrated in the original areas of price pressure.”

Kiplinger, citing CME Group FedWatch, said futures traders were pricing in a 90% probability that the Federal Reserve will raise interest rates by a quarter percentage point at its December meeting, up from 85% a day earlier. That five-percentage-point increase in the implied probability is a The Boston Report calculation from the two FedWatch figures Kiplinger reported (90 minus 85).

Those comments, and the official Producer Price Index, are part of the same week in which the U.S. economy has also been in focus because of a 16-year low in existing-home sales and a still-unresolved debate over how far inflation has cooled. This market report does not re-analyze those earlier data releases beyond the Friday PPI figures Kiplinger used to explain the open.

What is on the calendar next week

Besides Nvidia’s earnings, Kiplinger said Anthropic is expected to price an initial public offering on Wednesday evening and begin trading on the Nasdaq on Thursday under the ticker ANT, after setting an initial range of $70 to $78 a share for 825 million shares. Bloomberg has reported that the offering is roughly six times oversubscribed, Kiplinger said, citing that report. Those details are included here as context for next week’s calendar, not as an independent confirmation of demand for the deal.

Friday’s close does not, by itself, reverse the week’s gains in the major averages that Kiplinger described. It does show that the companies most closely tied to Huang’s departure and to U.S. scrutiny of chip exports still set the tone for the Nasdaq, even on a day when the Dow finished slightly higher.

Sources

• Kiplinger: Nasdaq Drops Friday on Nvidia Fallout But Ends the Week Up: Stock Market Today (Nov. 13, 2026)
• NVIDIA Newsroom: NVIDIA Announces CEO Transition (Nov. 12, 2026)
• U.S. Bureau of Labor Statistics: Producer Price Index news release, October 2026