Stocks fell Friday morning, November 13, 2026, with the S&P 500 (SPY) down 0.96%, the Nasdaq 100 (QQQ) down 1.96%, the Dow (DIA) down 0.28% and the Russell 2000 (IWM) down 0.85% as of about 11:56 AM ET. The VIX jumped about 9.7% to 20.51 as another chip-led selloff and a 10-year Treasury yield above 5% put the tape in risk-off mode.
Market Snapshot
| Index / Measure | Level | Change |
|---|---|---|
| SPY (S&P 500) | $749.84 | -0.96% |
| QQQ (Nasdaq 100) | $674.66 | -1.96% |
| DIA (Dow) | $520.99 | -0.28% |
| IWM (Russell 2000) | $276.06 | -0.85% |
| VIX | 20.51 | +9.7% |
| 10-year Treasury yield | ~5.13% | +3 bp |
Breadth was negative: 175 of 431 S&P 500 stocks were higher and 255 lower (40.6% advancing) in the morning session. The driver was semiconductors and AI infrastructure. Nvidia (NVDA) was down about 4% around 11:00 AM ET, a day after CEO Jensen Huang’s resignation, with CFO Colette Kress stepping in as interim CEO; AMD fell 9.7% and Micron (MU) 5.1%. Microsoft (MSFT) slipped 0.77% amid an Outlook, Teams and 365 outage, while Apple (AAPL) rose 0.79%, cushioning the S&P 500. October PPI rose 0.3% month over month, slightly below the 0.4% expected, but 6.5% year over year — the largest annual increase in four years — keeping a December Fed rate hike fully priced in.
Sector Scan
| Rank | Sector | ETF | Intraday % |
|---|---|---|---|
| 1 | Consumer Staples | XLP | +1.12% |
| 2 | Communication Services | XLC | +0.64% |
| 3 | Financials | XLF | +0.51% |
| 4 | Utilities | XLU | +0.50% |
| 5 | Energy | XLE | +0.06% |
| 6 | Health Care | XLV | +0.06% |
| 7 | Real Estate | XLRE | -0.24% |
| 8 | Materials | XLB | -0.43% |
| 9 | Consumer Discretionary | XLY | -0.55% |
| 10 | Industrials | XLI | -0.84% |
| 11 | Technology | XLK | -2.96% |
Six of the eleven sectors were positive at midday. Intraday volume versus average was not available from our sources at post time.
Rotation Read
Risk-off, defensive-led. Staples flipped from -0.43% on Thursday to the day’s leader at +1.12%, with utilities and financials also turning positive after a weak Thursday. Energy cooled after leading Thursday (+1.52%) to roughly flat today, while technology’s selloff accelerated — down about 0.34% Thursday and 2.96% by midday Friday, with the sector down 11.45% over the past month. The tape is being driven by a single theme: money out of chips and AI infrastructure, into staples, communication services and financials, with the VIX spiking and the 10-year back above 5%.
Top Stocks in the Leading Sectors
Consumer Staples (XLP, +1.12%):
- General Mills (GIS) +2.12% — $34.23
- Coca-Cola (KO) +1.62% — $99.02
- PepsiCo (PEP) +1.41% — $144.27
Communication Services (XLC, +0.64%):
- Charter Communications (CHTR) +4.37% — $138.46, the S&P 500’s biggest gainer
- Spotify (SPOT) +2.36% — $612.66
- Meta Platforms (META) +1.36% — $632.08
On the other side, Paramount Global (PARA) was the S&P 500’s biggest decliner, down 9.63%.
Charts
SPY
QQQ
DIA
IWM
VIX
NVDA
AMD
MU
MSFT
AAPL
XLP
XLC
XLF
XLU
XLE
XLV
XLRE
XLB
XLY
XLI
XLK
GIS
KO
PEP
CHTR
SPOT
META
PARA
Sources
- Finnhub — intraday quotes for SPY, QQQ, DIA, IWM, all 11 sector ETFs and stocks, as of ~11:56 AM ET, November 13, 2026 (finnhub.io)
- Kinzan — VIX 20.51, +9.7% as of 11:36 AM ET (kinzan.io)
- Investopedia — 10-year Treasury yield near 5.13% (investopedia.com)
- Barchart — “Stocks Retreat as Chipmakers Sink and Bond Yields Rise” (barchart.com)
- Sell The News — chip selloff and index levels as of 11:02 AM ET (sellthenews.org)
- NewsStocks.live — S&P 500 breadth, 175 advancing / 255 declining (newsstocks.live)
- Taylored Finance News — Sectors Daily morning edition (tayloredfinancenews.com)
- Stocksetups — prior-session sector moves, November 12 close (stocksetups.com)
- GoldInvestors.news — PPI and December Fed hike odds (goldinvestors.news)