Wall Street Locks In Winning Week Despite Friday Tech Pullback and Sticky 6.5% Annual PPI
November 13, 2026 – U.S. equities closed Friday's session mixed-to-lower as an early-morning bounce following a slightly cooler-than-expected October Producer Price Index (PPI) print faded under renewed semiconductor selling and climbing long-end Treasury yields. Even with Friday's afternoon retreat, Wall Street locked in its first winning week since early October, snapping a multi-week losing streak across all four major U.S. benchmarks.
At the 4:00 PM ET closing bell, the S&P 500 (^GSPC) fell 30.73 points (-0.4%) to 7,561.67, the Nasdaq Composite (^IXIC) dropped 229.82 points (-0.9%) to 25,136.27, and the Russell 2000 (^RUT) slipped 8.57 points (-0.3%) to 2,790.49. The Dow Jones Industrial Average (^DJI) bucked the broader slide, rising 50.46 points (+0.1%) to 52,347.55.
October PPI Cools Monthly Pace, But Annual Inflation Hits 6.5%
At 8:30 AM ET, the Bureau of Labor Statistics reported that October final-demand PPI rose 0.3% month-over-month, coming in below the 0.4% consensus compiled by Dow Jones and decelerating sharply from September's revised 1.4% jump. Core PPI excluding food and energy matched expectations at +0.3% on the month, cooling from September's +0.8% pace.
Beneath the surface, however, the underlying pipeline offered less comfort for bondholders. As StockTitan's breakdown of the BLS release highlighted, the narrower core measure excluding food, energy, and trade services rose 0.5% for a second straight month, topping the 0.3% consensus, while unadjusted 12-month headline PPI accelerated to 6.5% from 6.3% in September—the steepest annual pace since November 2022.
Cross-Asset Follow-Through and Semiconductor Rotation
Fixed-income markets absorbed the morning inflation data with modest steepening at the long end. The benchmark 10-year Treasury yield (^TNX) rose 2 basis points to 5.15% and the 30-year yield edged up 1 basis point to 5.47%, while the 2-year Treasury yield eased 1 basis point to 4.88% after surging roughly 30 basis points earlier in the week.
In commodities, WTI crude oil (CL=F) dipped 0.14% to $88.62 per barrel and Brent crude (BZ=F) rose 0.23% to $96.04 per barrel as traders balanced Middle East supply risks against expectations for a fourth-quarter global surplus. Meanwhile, spot gold (GC=F) slipped 0.05% to $3,874.65 per ounce, capping a steep weekly decline pressured by a U.S. dollar index (DXY) trading above 103.
Within technology, semiconductor heavyweights dragged the Nasdaq lower through the afternoon. Nvidia (NVDA) fell 2.01% to $162.85, extending Thursday's 4.34% drop after Jensen Huang's resignation as CEO and finishing roughly 13% below its November 6 close. Earlier-week rotation winners AMD (-8.75%) and Broadcom (AVGO, -4.76%) gave back ground, while Cisco (CSCO) declined 6.24% on gross-margin compression despite raising full-year guidance. Elsewhere, Microsoft (MSFT) edged up 0.17% following an early Microsoft 365 outage, Modine (MOD) surged 27.95% on Samsung takeover talks, and Cerebras (CBRS) jumped 11.22% on raised guidance.
Final Weekly Index Scorecard (November 9–13, 2026)
| Index / Benchmark | Fri Nov 13 Close | Friday Change | Full-Week Change | YTD Return |
|---|---|---|---|---|
| S&P 500 (^GSPC) | 7,561.67 | -0.4% | +2.5% | +10.5% |
| Dow Jones (^DJI) | 52,347.55 | +0.1% | +2.1% | +8.9% |
| Nasdaq Composite (^IXIC) | 25,136.27 | -0.9% | +2.3% | +8.2% |
| Russell 2000 (^RUT) | 2,790.49 | -0.3% | +1.3% | +12.4% |
| Average | — | -0.38% | +2.05% | +10.0% |
Looking Ahead
Next week brings a pivotal test for both AI infrastructure leadership and U.S. consumer resilience. On Tuesday, November 17, investors will digest October U.S. retail sales alongside Nvidia's third-quarter earnings release after the close—its first financial report under interim CEO Colette Kress—followed by major retail results from Walmart (WMT), Home Depot (HD), Target (TGT), and Lowe's (LOW), plus Wednesday's release of the October 28 FOMC minutes.
Disclaimer: This article provides financial information for educational purposes only and should not be considered financial, investment, legal, or tax advice. The information presented is based on sources believed to be reliable as of the date of publication, but accuracy and completeness cannot be guaranteed. All investments involve risk, including the possible loss of principal, and past performance is not indicative of future results. Forward-looking statements and projections are inherently uncertain and subject to change without notice. The views expressed are those of New School Financials and do not necessarily reflect the official policy or position of any affiliated financial institution. Consult with a qualified financial advisor before making any investment decisions.
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