By tradingkey.com
Publication Date: 2026-11-13 00:44:00
TradingKey – On November 12, the three major U.S. stock indices closed slightly lower. Nvidia announced that Jensen Huang had stepped down immediately as CEO and director, dragging tech stocks sharply lower intraday; however, AMD and Broadcom rallied, as market expectations that AI chip demand could broaden to rivals eased some selling pressure. Meanwhile, a sharp rise in oil prices pushed the 10-year U.S. Treasury yield above 5.1%, also limiting risk appetite.
The Dow Jones Industrial Average fell 0.36% to 52,297.09; the S&P 500 fell 0.36% to 7,592.40; and the Nasdaq Composite Index fell 0.39% to 25,366.09.
Among sectors and individual stocks, Nvidia (NVDA) fell 4.34%, with intraday losses widening to as much as 14% early in the session; CoreWeave (CRWV) tumbled 6.86%, and Micron (MU) fell 1.59%. However, AMD (AMD) gained 5.86%, and Broadcom (AVGO) rose 5.54%.
In commodities, Brent crude (UKOIL) rose 3.78% to settle at $95.94; WTI crude (USOIL) gained 2.64% to settle at $88.69. Donald…
