Weekly Market Performance — November 13, 2026

LPL Research provides its Weekly Market Performance for the week of November 9, 2026. U.S. equities rebounded from the last week’s selloff, displaying some resilience as trading remained choppy as positive AI developments competed with the ousting of NVIDIA's (NVDA) CEO, hotter inflation, rising rate hike expectations. European stocks also rose, continuing to benefit from rotation flows, while Asian stocks also advanced with Taiwan and Japan leading the way after touching bear market territory last week. Meanwhile, a spike in Treasury yields was also in focus, while commodities declined as oil and precious metals finished lower. 

Stock Index Performance

S&P 500 Index Sectors

Fixed Income and Commodities

Source: LPL Research, Bloomberg 11/13/26 @3:06 p.m. ET
Disclosures: Indexes are unmanaged and cannot be invested in directly.

U.S. and International Equities

U.S. Equities: U.S. equities rebounded from the last week’s sell-off, displaying some resiliency as up-and-down trading continued across Wall Street. The S&P 500 picked up right where it left off to start the week, extending last Friday's gain with a sharply higher Monday session on the back of positive artificial intelligence (AI) related headlines including Anthropic preparing for its public listing, new Google chips, industry leaders looking to work with Democratic elects, and cleaner positioning. However, price action grew choppy from there as hotter-than-expected consumer inflation data and hawkish Fed-speak collided with weak earnings takeaways from Japanese AI infrastructure investor SoftBank and NVIDIA (NVDA) CEO Jensen Huang's scandal.

Support from CoreWeave’s (CRWV) beat and raise and OpenAI eclipsing $10 billion in quarterly revenue for the first time lifted markets mid-week. However, major averages resumed mild declines over the last two days with risk appetite dented by Jensen Huang's resignation as NVDA's CEO and effects of higher yields, rising crude oil, and firmed rate hike expectations. Losses were padded as an extended slide in NVDA shares and succession plan uncertainty boosted the chipmaking behemoth's competitors, despite trimming gains in a tech rout heading into the weekend.   

International Equities: Across the pond, European equities also gained. The STOXX 600 Index closed in the green five days in a row, logging the STOXX 600's first record high since August as the latest wave of AI jitters fueled a continued rotation to the region given its lower relative tech exposure. A drop in oil prices also supported widespread gains with an advance in the heavyweight financials sector more than offsetting materials names taking a hit from weaker precious metals prices after early week strength. Among other regional headlines, Germany's DAX Index hit a fresh record, while on the macro front, third quarter economic growth for the Eurozone and the U.K. matched consensus forecasts.

Asia-Pacific equities also strengthened in the region's strongest week since mid-June. Upbeat AI earnings takeaways and a couple of positive handoffs from New York, as well as Taiwan Semiconductor's jump in October sales boosted tech names. Although, under the surface amid NVDA's leadership tumult, some pockets of local chipmakers rose on hopes of gaining market share while others in the U.S. chipmaker's supply chain weakened. At Friday's close, Taiwan’s TAIEX led weekly gains with a 10% rally and Japan's Nikkei added over 6% amid widespread buying after both indexes entered a technical bear market last week. Greater China lagged on worries that cloud operators’ access to advanced chips may be tightened further by U.S. authorities and a rotation back to AI names. 

Fixed Income, Currency, and Commodity Markets

Fixed Income: Core bonds, measured by the Bloomberg U.S. Aggregate Index fell, snapped a five-week winning streak. Treasuries faced a bruising slide that extended beyond policy-sensitive short-term securities as two-year yields faced their largest spike since October 2023 while 10-year rates jumped the most since April 2025. Tuesday's hot consumer inflation print and remarks from Washington that the U.S. does not need an Iran deal made headlines as the go-to excuse for the rise in yields. While the potential for continued upward pressure on inflation was a factor, a repricing of the Fed's policy path was the true driver. Ahead of the consumer inflation report, Fed Governor Waller floated the idea of a 50 basis point (0.50%) rate hike in December, shifting debates to how much central bankers will tighten monetary policy rather than when. Barring an economic or data shock, a jumbo hike in December remains unlikely in our view, and instead the hawkish Fedspeak was more likely a function of priming market pricing for a standard 0.25% increase at next month's meeting.  

Commodities and Currencies: The broader commodities complex traded moderately lower over the last five days, extending the Bloomberg Commodities Index string of weekly losses to four in a row. Crude oil prices traded lower early in the week amid dovish updates from Washington around a fresh wave of U.S. strikes being unlikely. However, futures bounced off mid-week lows after President Trump instructed Vice President Vance to focus on domestic affairs rather than negotiations with Tehran, stating that a U.S.-Iran deal is not needed. While week-to-date losses were trimmed Thursday, upside was capped Friday as U.S. inventories rose last week and after the International Energy Agency reported that the oil market will be in surplus this quarter for the first time since the conflict began. Elsewhere, gold prices were pressured lower on the ramp in rate hike bets, supporting higher Treasury yields and a stronger U.S. dollar which acted as an additional headwind for the non-yielding yellow metal. Silver prices also fell, while palladium was a relative outperformer with a shallower weekly loss.  

Economic Weekly Roundup

Key Talking Points from the October Consumer Inflation Report: 

• Core inflation rose 0.3% in October, supporting the likelihood the Fed will raise rates in December and adding an interesting twist given Fed President Waller’s recent comment about a potential 50 basis point hike. 
• Inflation is partly a demand-driven problem, not just supply-induced. Consumers have an insatiable appetite for restaurant spending and travel. Higher airline fares have done little to discourage air travel, just as rising menu prices have failed to deter consumers from dining out. TSA throughput data show passenger volumes exceeding year-ago levels despite higher travel costs, while OpenTable data point to persistent demand for restaurant dining.  
• Hospital services prices continue to run hotter than previous cycles. The tight labor market and the difficulty in finding qualified workers are adding to inflation pressures for this category. Demand for medical care services is boosting revenues for this sector, making Healthcare an attractive sector. 

Bottom Line: Not all current inflation pressures should be attributed to the war in the Middle East, although some are likely the result of supply constraints. Rather, part of today’s inflation is demand-driven. The Fed will take this into account and will likely raise rates in December to cool the demand side of inflation. One encouraging sign is that rent inflation has remained between 2.7% and 2.9% for the past 10 months. 

The Week Ahead

The following economic data is slated for the week ahead:  

• Monday: Empire Manufacturing (Nov) 
• Tuesday: ADP Weekly Employment Change (Oct 31), New York Fed Services Business Activity (Nov), Retail Sales (Oct), Import and Export Price Indexes (Oct), Industrial and Manufacturing Production (Oct), Capacity Utilization (Oct), Business Inventories (Sep), NAHB Housing Market Index (Nov) 
• Wednesday: MBA Mortgage Applications (Nov 13), Housing Starts (Oct), Building Permits (Oct preliminary), Pending Home Sales (Oct), FOMC Meeting Minutes (Oct 28), Total Net TIC Flows (Sep), Net Long-term TIC Flows (Sep) 
• Thursday: Philadelphia Fed Business Outlook (Nov), Initial Jobless Claims (Nov 14), Continuing Claims (Nov 7), Leading Index (Oct), Kansas City Fed Manufacturing Activity (Nov) 
• Friday: University of Michigan Consumer Sentiment Report (Nov final), Kansas City Fed Services Activity (Nov), Bloomberg U.S. Economic Survey (Nov)