Stocks snapped back at midday on Wednesday, November 11, 2026, led by a sharp rebound in technology and semiconductors after Tuesday’s hot-CPI selloff. The Nasdaq led the tape while the Dow lagged, volatility collapsed, and the bond market sat out the session for Veterans Day. All prices as of about 12:00 PM ET.

Market Snapshot

• SPY (S&P 500): $759.74, +1.31%
• QQQ (Nasdaq 100): $692.99, +2.70%
• DIA (Dow 30): $520.92, -0.17%
• IWM (Russell 2000): $282.74, +0.77%
• VIX: 18.04, -7.3% from Tuesday’s close of 19.46
• 10-year Treasury yield: no fresh quote — the bond market is closed for Veterans Day. The 10-year briefly rose above 5% on Tuesday, and futures imply it stays above 5% when cash Treasuries reopen Thursday.
• Breadth/volume: advance/decline breadth was not available in the sources checked at noon. For context, Tuesday’s total volume of 17.08 billion shares ran below the 20-session average of 18.83 billion.

The tape is a mirror image of Tuesday, when the S&P 500 fell 0.37% and the Nasdaq 100 fell 0.68% on hot CPI and hawkish Fed comments. Today growth is doing all the work while the Dow — the only major index lower — sits out.

Sector Rankings

All 11 Select Sector SPDR ETFs, ranked by intraday change as of about noon ET:

1. XLK (Technology): +4.00% — $175.67
2. XLE (Energy): +1.27% — $63.00
3. XLI (Industrials): +1.26% — $170.85
4. XLC (Communication Services): +0.69% — $108.50
5. XLB (Materials): +0.20% — $52.96
6. XLF (Financials): +0.01% — $58.30
7. XLU (Utilities): -0.17% — $43.66
8. XLRE (Real Estate): -0.40% — $44.40
9. XLY (Consumer Discretionary): -0.41% — $120.56
10. XLP (Consumer Staples): -0.43% — $90.64
11. XLV (Health Care): -0.74% — $187.48

Seven of the 11 sectors are higher. Energy and industrials are effectively tied for second place behind technology.

Rotation Read

Risk-on, and concentrated in AI hardware. Technology was the worst sector on Tuesday (-1.14%) and is the best today (+4.00%) — a full reversal, not a drift. The trigger was CoreWeave (CRWV), up more than 15% after reporting third-quarter revenue of $3.66 billion, up 168% year over year and above consensus, and raising its full-year revenue forecast. That print gave an oversold AI book a reason to cover, and semiconductors and memory led the whole market.

Nvidia (NVDA) rose about 2% in early trading even after Baird cut it to Neutral and slashed its price target to $200 from $500 — the market is buying the AI-demand story, not the downgrade. Intel (INTC) added about 5% in early trading as the chip rally broadened. Industrials are the quiet second leg of the risk-on move, with Caterpillar (CAT) up 3.29%.

Defensives lag. Consumer staples, real estate, utilities and health care are all lower while growth rips — classic risk-on rotation, with money coming out of the safety trade. Financials are flat despite the rally, and the Dow’s decline shows old-economy value is not participating.

One caveat: the rates shock that hit stocks on Tuesday has not gone away, it is simply not being priced today with the bond market shut. The 10-year above 5% is the overhang into Thursday’s reopen, and Friday brings PPI.

Top Stocks in the Leading Sectors

Technology (XLK, +4.00%)

• SanDisk (SNDK): +17.08% to $1,006.84 — leading gainers in the S&P 500 as memory leads the semiconductor rebound.
• Dell Technologies (DELL): +14.26% to $382.05 — AI hardware demand lifting the server builder.
• Micron Technology (MU): +13.72% to $824.63 — memory is the highest-beta leg of the chip rally.

Energy (XLE, +1.27%)

Energy rode a crude rebound — the United States Oil Fund (USO) was up 2.4% on the day — with the majors leading:

• ConocoPhillips (COP): +1.00% to $136.94
• Exxon Mobil (XOM): +0.71% to $165.64
• Chevron (CVX): +0.45% to $212.18

Charts

SPY

QQQ

DIA

IWM

VIX

XLK

XLE

XLI

XLC

XLB

XLF

XLU

XLRE

XLY

XLP

XLV

CRWV

NVDA

INTC

CAT

SNDK

DELL

MU

USO

COP

XOM

CVX

Sources

• Finnhub — SPY, QQQ, IWM, XLK, XLV, XLE, XLF, XLC, GOOGL, META, NFLX, SNDK, DELL, MU, XLI, XLB, XLRE, XLU, RTX, CAT, COP, XOM, CVX quotes as of ~11:56–11:59 AM ET, November 11, 2026
• StockSetups — DIA $520.92, -0.17%, as of 10:56 AM ET, November 11, 2026
• CoinDataFlow / Tradoshi — VIX ~18.04, -7.3% vs prior close of 19.46, November 11, 2026
• Zacks — Tuesday’s VIX close of 19.46 and total volume of 17.08 billion shares vs 20-session average of 18.83 billion
• Metacap — sector performance table, prices as of 11:36 AM ET, November 11, 2026
• Submillisecond equities glossary — XLY and XLP intraday levels, November 11, 2026
• Barchart — CoreWeave earnings and AI stock movers, November 11, 2026
• Canopy Atlas, Market Sweep — CoreWeave results lifting AI and semiconductor stocks; 10-year above 5% into Thursday’s bond reopen, November 11, 2026
• KuCoin News — semiconductor, storage and optical stock moves at the open, November 11, 2026
• MarketBeat — Baird downgrade of Nvidia to Neutral, price target $500 to $200, November 11, 2026
• Geopolitics Alpha — oil rebound, USO +2.4%, November 11, 2026
• World Money Roadmap — prior-session (November 10) sector ETF performance