Stocks rebounded strongly in the four sessions from Monday to Thursday after the previous week’s AI-chip rout. From last Friday’s close to Thursday’s close, the DAX rose 3.69%, the Nasdaq Composite 3.20%, the S&P 500 2.92%, the STOXX Europe 600 2.42%, the Dow 1.97%, the FTSE 100 1.77% and the Russell 2000 1.63% (my arithmetic from the closes below). The gains came alongside a hotter US inflation report, a 10-year Treasury yield back near 5.10%, a sharp fall in gold and the resignation of Nvidia’s chief executive. This recap was written on Friday, November 13, 2026, at about 11:00 UTC (13:00 in Bucharest), before Friday’s US session, so the weekly figures cover Monday to Thursday, as in last week’s recap.
How the main indices did: November 6 close to November 12 close
| Index | Close, Fri Nov 6 | Close, Thu Nov 12 | Change (my arithmetic) |
|---|---|---|---|
| S&P 500 | 7,376.86 | 7,592.40 | +2.92% |
| Nasdaq Composite | 24,579.42 | 25,366.09 | +3.20% |
| Dow Jones Industrial Average | 51,285.73 | 52,297.09 | +1.97% |
| Russell 2000 | 2,754.11 | 2,799.06 | +1.63% |
| STOXX Europe 600 | 648.33 | 664.01 | +2.42% |
| DAX | 25,820.37 | 26,771.88 | +3.69% |
| FTSE 100 | 10,673.93 | 10,863.09 | +1.77% |
Sources: the US closes for November 6 are from AP via La Nacion (published November 6, 21:32 UTC) and the November 12 closes from AP via La Nacion (November 12, 21:23 UTC); the November 12 levels, including Europe, are repeated by Cappnotes (page last modified November 12, 22:50 UTC) and Saxo Market Quick Take (November 13, levels as of about 05:00 CET), which give the same moves in percent. The November 6 DAX and FTSE 100 closes are from Investinglive (November 6, 17:24 GMT); the STOXX 600 close of 648.33 is from Saxo and STL.News as cited in our November 9 edition, and I found no second dated source for it, so treat that one as single-source. These are market-data summaries, not exchange files.
Rates, oil, gold and the dollar
| Market | Fri Nov 6 | Thu Nov 12 | Change (my arithmetic) |
|---|---|---|---|
| US 10-year Treasury yield | About 4.86% | About 5.10% (Saxo: near 5.12%) | About +24 bp |
| US 2-year Treasury yield | 4.51% | 4.77% to 4.88% (sources differ) | Not stated: sources disagree |
| Brent crude (January contract) | $98.32 | $95.82 | -2.54% |
| WTI crude | $90.83 | $88.74 | -2.30% |
| Gold (futures) | $4,074.90 | $3,885.30 | -4.65% |
| Dollar index (DXY) | 102.32 | 103.19 | +0.85% |
| VIX | 25.64 | 18.70 | -27% |
Sources: Brent and WTI on November 6 are confirmed by CNBC via Times Brasil (November 6, 21:01 UTC) and The Standard, Hong Kong (November 7, 07:01 HKT). The other Friday figures (yields, gold, dollar index, VIX) are single-source from Investrade as cited in our November 9 edition. All Thursday figures are from Cappnotes (page last modified November 12, 22:50 UTC), with yields and the oil, gold and dollar direction matching Saxo and our November 13 edition, which also cites Kitco for gold. Gold contracts may differ between the two dates; Saxo separately says gold was down more than 4% on the week. Yield changes are rounded.
Day by day
| Day | S&P 500 close (change) | Nasdaq Composite close (change) | Dow close (change) | STOXX 600 close (change) | Brent settlement |
|---|---|---|---|---|---|
| Mon, Nov 9 | 7,549.94 (+2.35%) | 25,253.14 (+2.74%) | 52,389.75 (+2.15%) | 656.52 (+1.26%) | $92.57 |
| Tue, Nov 10 | 7,520.93 (-0.38%) | 25,065.87 (-0.74%) | 52,231.89 (-0.30%) | 658.32 (+0.27%) | $91.49 |
| Wed, Nov 11 | 7,619.38 (+1.31%) | 25,466.19 (+1.60%) | 52,486.49 (+0.49%) | 663.05 (+0.72%) | $92.76 |
| Thu, Nov 12 | 7,592.40 (-0.35%) | 25,366.09 (-0.39%) | 52,297.09 (-0.36%) | 664.01 (+0.14%) | $95.82 |
Sources: our daily editions of November 10, November 11, November 12 and November 13, which cite AP, Reuters, Cappnotes, Saxo and Anadolu; the Thursday row matches the AP table above. The Wednesday Brent settlement is single-source (Cappnotes).
The five events that mattered
1. A rebound in AI and chip stocks. The S&P 500 rose 2.35% on Monday, its best session since April, with all 11 sectors higher; the Philadelphia semiconductor index gained about 6.9% after losing more than 12% the previous week (Reuters, Saxo, Cappnotes, via our November 10 edition). On Wednesday CoreWeave jumped 24.71% after reporting third-quarter revenue of $3.66 billion against a $3.55 billion consensus (TechFlow and Cappnotes, via our November 12 edition; not confirmed with the company), and the Nasdaq Composite rose 1.60%. Thursday’s small-cap fall was sharper: the Russell 2000 lost 1.66%.
2. Hot inflation and a hawkish Fed. The Bureau of Labor Statistics reported that consumer prices rose 0.4% in October after 0.6% in September, with core prices up 0.3%, energy up 0.7% and shelter up 0.3%; it cannot publish 12-month rates for most series because it did not collect October 2025 data during the shutdown (BLS: Consumer Price Index summary, October 2026 (released November 10, 8:30 a.m. ET)). The S&P 500 fell 0.38% that day and the 10-year yield briefly topped 5%. The Fed held its target range at 3.75% to 4% on October 28 by a 10-2 vote, with Lisa Cook and Beth Hammack dissenting in favour of a quarter-point rise (Federal Reserve statement, October 28, 2026). Governor Waller said the Fed should raise rates in December (Reuters, via our November 11 edition). Futures pricing for a December 8-9 quarter-point rise ranged from about 85% to 91% depending on source and day; that is market pricing, not a forecast by this site. On Thursday the 10-year yield rose about 12 basis points to roughly 5.10%, jobless claims rose to 200,000 and existing home sales fell 5.5% to a 3.75 million annual rate (Cappnotes; Reuters, via our November 13 edition).
3. Nvidia’s chief executive resigned. Nvidia’s board opened an investigation into press reports about Jensen Huang on Monday, and the shares fell 4.27% that day to $178.67 and about 5.5% on Tuesday (Yahoo Finance and Reuters, via our November 10 and November 11 editions). On Thursday the company announced that Huang had resigned as president, chief executive and board member with immediate effect; chief financial officer Colette Kress is interim CEO and Harvey C. Jones becomes the first board chair. The release gives no reason and says results are still due on Tuesday, November 17 (Nvidia release via SEC filing, November 12, 2026). The shares closed down 4.34% at $166.19 (Investing.com, Cappnotes).
4. Oil swung on Iran headlines. Brent settled at $92.57 on Monday, down 5.85%, after President Trump said renewed strikes on Iran were highly unlikely while talks continue (Reuters, via our November 10 edition), and at $91.49 on Tuesday, the lowest settlement since August 31. It then rose to $95.82 on Thursday, up 3.30%, after Mr Trump said the US does not need a deal with Iran (AP and Saxo, via our November 13 edition). Net, Brent was 2.54% below the previous Friday’s settlement; these explanations come from press reports.
5. Europe at records while the dollar rose and gold fell. The STOXX 600 closed at records on Wednesday and Thursday, its fourth straight gain (Reuters and Saxo, via our November 12 and November 13 editions), and the DAX ended Thursday at 26,771.88, above Wednesday’s record close of 26,662.77. UK third-quarter GDP grew 0.7% quarter on quarter, in line with forecasts (ONS data via Investing.com). Meanwhile the dollar index reached 103.19 and gold futures fell 2.88% on Thursday to $3,885.30, the lowest since October 2025 according to Cappnotes (single source); Kitco attributed gold’s fall to higher yields, a firm dollar and Fed hike bets (as cited in our November 13 edition).
Friday so far (not in the weekly figures)
Asian markets were mixed early on Friday: the Nikkei 225 closed 0.54% higher (Investing.com), while the Hang Seng was down 0.9% and the ASX 200 down 0.7% (AP, about 05:37 UTC, via our November 13 edition). Brent was about $95.70 (AP). Still to come are the euro-zone third-quarter GDP second estimate at 10:00 GMT and US October producer prices at 13:30 GMT, with a consensus of +0.4% on the month and Fed speakers including Bowman and Daly (Saxo; consensus per Stocktitan, as cited in our November 13 edition). Friday’s closes will change the weekly numbers above.
For income investors: Costco’s special dividend
Costco declared a special cash dividend of $30 per share, about $13.3 billion in total, payable on December 4, 2026 to holders of record at the close of business on November 24, and reauthorised a share repurchase programme of up to $4 billion (Costco Form 8-K, November 10, 2026). Check the ex-dividend date with your broker, and note that non-US investors may face US withholding tax; see our dividend tax guide.
Next week: the calendar
| Day | Data and central banks | Earnings |
|---|---|---|
| Mon, Nov 16 | Fed Chairman Kevin Warsh remarks, 12:00 ET (Fed calendar); China activity data | None of the major names I checked |
| Tue, Nov 17 | UK labour market data, 07:00 GMT; US October retail sales, 13:30 GMT | Home Depot (before the open), Disney, Nvidia (after the close, about 21:20 UTC) |
| Wed, Nov 18 | UK CPI, 07:00 GMT; euro-zone final October inflation (time not confirmed); FOMC minutes of the October 27-28 meeting, 14:00 ET (19:00 UTC) | Target, Lowe’s, TJX (before the open); Palo Alto Networks |
| Thu, Nov 19 | No major scheduled release found | Walmart (before the open), Intuit, Tokio Marine |
| Fri, Nov 20 | UK retail sales, 07:00 GMT | None found |
Sources: Fed events and the minutes time are from the Federal Reserve calendar for November 2026; Nvidia’s date and time are from its company release; other data times are from LiteFinance (times in GMT) and Delta Exchange (updated November 13); company dates and before/after-market timing are from Earnings Whispers and Saxo, which agree on the days and give no consensus figures. These are third-party calendars, so confirm each date and time with the issuer. Our own previews cover Home Depot and Lowe’s. The next Fed decision is on December 8-9.
Sources
- U.S. Bureau of Labor Statistics: Consumer Price Index summary, October 2026
- Federal Reserve: FOMC statement, October 28, 2026
- Federal Reserve: calendar, November 2026
- Nvidia: CEO transition release (SEC filing), November 12, 2026
- Costco Wholesale: Form 8-K, November 10, 2026
- Market-data summaries and news, not primary sources: AP via La Nacion (November 6); AP via La Nacion (November 12); Cappnotes (November 12); Investinglive (November 6); Saxo (November 13); CNBC via Times Brasil (November 6); The Standard (November 7); Earnings Whispers; LiteFinance; Delta Exchange. Other figures come from our daily editions (November 9, 10, 11, 12, 13), which cite AP, Reuters, Anadolu, Investing.com, TechFlow, Stocktitan and others.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Figures come from the sources listed, as of the times stated, and may be revised. Market-data summaries can differ slightly from official exchange figures. Confirm current prices with your broker. Investing involves risk, including the possible loss of capital.
