Daily Bulletin · Friday, November 13, 2026 · pre-market

Nvidia CEO exit and rising yields weigh on Wall Street

S&P 5007,591.86−0.34%Nasdaq25,363.75−0.40%10Y5.10%+0.11WTI$88.41−0.33%Gold$3,880.27+0.08%VIX18.89+8.07%

In brief

Nvidia shock: The S&P 500 fell -0.34% after Nvidia said CEO Jensen Huang resigned effective immediately, putting leadership risk in focus.¹
Yields climb: The 10-year yield rose +0.10 pts to 5.10% as Fed officials argued for further rate hikes.²^,3
Chips diverge: AMD and Broadcom led S&P 500 gains while Nvidia fell, so the pressure stayed largely company-specific.⁴

What it means

The Nasdaq Composite slipped -0.40%, yet the Nasdaq 100 is still up +6.36% over five sessions. Fed Governor Christopher Waller argued for considering a half-point hike in December, saying a 25 basis point move would put the Fed's credibility at risk.² With yields higher and Fed talk turning more hawkish, the market looks more sensitive to each new inflation reading.

The day in review and where money is flowing

In Metravise's sector data, Consumer Discretionary leads, beating the S&P 500 by +8.5 pts over one month. Recreational Vehicles, Specialty Retail and Leisure are the strongest industries, at +23.8 pts, +17.7 pts and +17.2 pts versus the S&P 500. The Metravise Portfolio fell -2.34% in the last session, while Technology and Energy remain lagging with weakening momentum.

Oil: Iran rhetoric adds risk

Oil prices rose after President Trump posted on Truth Social that the US does not need a deal with Iran, raising concern that the US-Iran war could drag on.⁵ In latest trading, WTI stood at $88.41, a change of -0.33%. Energy prices feed into the inflation picture, which keeps them tied to the debate over rates.

Market mood

The VIX rose +8.07% to 18.89, still within its normal zone. Equity put/call was 0.59 against a 5-day average of 0.68, suggesting hedging demand eased rather than spiked.

What to watch today

Times are US Eastern (ET).

Reported last night

HTFLHeartflow, Inc.EPS above the estimate (+70.7%)

23:15
US index futures (futures, not the session)Versus the prior close, S&P 500 futures are -0.04% and Nasdaq 100 futures -0.13%; these are futures prices, not the session. The US session opens at 9:30 ET.
Fri 08:30
Producer price index (PPI)An above-consensus PPI print is generally read as a sign of pipeline inflation, which can add to rate-hike pressure.
Fri 08:30
Producer price index (PPI)Dallas Fed President Lorie Logan sees a need for two more quarter-point hikes, so producer prices arrive in a hawkish backdrop.³
Fri 10:50
Fed Vice Chair for Supervision Michelle W. Bowman speaks — Supervision and RegulationBowman recently warned that falling stock prices, higher borrowing costs and a stronger dollar could weigh on growth.⁶
Fri
JD.com, Inc. (JD) earningsGuidance can matter as much as results: Nebius shares fell premarket when a revenue beat came with disappointing guidance.⁷

Metravise Portfolio

PortfolioThursday change−2.34%
—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

Nvidia stock falls after Huang resigns, weighing on broader market — NBC News · Nov 13
Inflation remained elevated in October, CPI report shows, upping odds of Fed interest rate hike — CBS News · Nov 12
Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight — CNBC · Nov 11
Live updates: Jensen Huang summoned to testify before Congress after resigning as Nvidia CEO — CNN · Nov 13
Stock futures rise after market dips amid Nvidia woes: Live updates — CNBC · Nov 13
Stubborn inflation threatens longer Fed tightening campaign — Axios · Nov 13
Stock market news for Nov. 12, 2026 — CNBC · Nov 13