MetraviseAI rebound lifts S&P 500 +1.27%; Nvidia slides after hours
In brief
- AI stocks rebound: The S&P 500 rose +1.27% and the Nasdaq +1.57% as AI stocks rebounded, nearly erasing last week's sell-off.1
- Nvidia under pressure: Nvidia slid after hours on reports its board met on CEO Jensen Huang's future; Nasdaq 100 futures stand at -0.67%.2
- Hike bets firm: After a hot October CPI, traders fully price a quarter-point Fed hike in December, keeping rates in focus.3
What it means
Wednesday's session showed how much the broad market still leans on the AI trade. That makes Nvidia's leadership question notable, since analysts said the company has no clear public succession plan.2 S&P 500 futures stand at -0.33% before the open, while the Metravise Portfolio rose +5.05% in the last session.
The day in review and where money is flowing
Over five sessions the S&P 500 is still at -0.91% and the Nasdaq 100 at -0.23%, so the rebound has not fully closed the gap.1 In Metravise's one-month view, Consumer Discretionary leads the S&P 500 by +9.5 pts, with Recreational Vehicles (+24.5 pts), Specialty Retail (+18.1 pts) and Lodging (+17.6 pts) strongest. Technology and Energy lag with weakening momentum; in the leading group, Harley-Davidson moved its global media business to Horizon Global and Build-A-Bear declared a quarterly dividend.4,5
Fed: hike talk grows
Fed Governor Waller said a half-point December hike belongs on the table if core CPI comes in around 0.3, and Dallas Fed's Logan sees a need for two more quarter-point hikes.6 Philadelphia Fed's Paulson called further gradual tightening appropriate, and odds of a half-point move rose from near zero.3 The 10-year yield edged up +0.01 pts to 5.00%.
Market mood
The VIX fell -9.56% to 17.60, staying in its normal zone as the rally eased nerves. The equity put/call ratio stood at 0.77, above its 5-day average of 0.65, a sign that hedging demand stayed alive even as stocks gained.
What to watch today
Times are US Eastern (ET).
Reported last night
- OROR Royalties Inc.EPS above the estimate (+6.0%)
- 23:15US index futures (futures, not the session)Versus the prior close, S&P 500 futures are -0.33% and Nasdaq 100 futures -0.67%; these are futures prices, not the session. The US session opens at 9:30 ET.
- Thu 08:30Initial jobless claims (weekly)Weekly jobless claims are due at 8:30 ET, with investors looking for clues on the labor market and inflation.7
- Thu 10:00Fed Governor Michael S. Barr speaks — Artificial Intelligence and InequalityWith hike bets firm, remarks from Fed officials are generally read for hints on the size of the December move.3
- ThuCisco Systems, Inc. (CSCO) earnings · today after the closeWith AI slowdown worries still fresh, after-close outlooks are generally read for hints on corporate spending plans.1
- ThuExisting home salesExisting home sales follow at 10 a.m. ET as another read on the economy.7
Metravise Portfolio
- PortfolioWednesday change+5.05%
- —No entries or exits in the last session.
Metravise is an educational research platform — this bulletin is not investment advice. News summaries are based on the footnoted sources; numbers are Metravise data. Past performance is not indicative of future results.
Sources
- How major US stock indexes fared Wednesday 11/11/2026 — The Washington Post · Nov 12
- Nvidia board discusses Jensen Huang's future as stocks tumble: Live updates — CNN · Nov 12
- Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight — CNBC · Nov 11
- Harley-Davidson Selects Horizon Global as Growth Partner — PR Newswire · Nov 10
- BBW Stock Price (XNYS) & Analyst Rating — Morningstar · Nov 11
- Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes — CNBC · Nov 12
- Nasdaq-100 futures slide, dragged lower as Nvidia sell-off resumes: Live updates — CNBC · Nov 12