Stock Market Close (Nov. 11, 2026): S&P 500 Up 1.3% on AI Rebound
The S&P 500 rose 1.3% and the Nasdaq 1.6% on Wednesday, Nov. 11, 2026, as CoreWeave soared after earnings and AI stocks bounced back.
Artificial intelligence stocks led Wall Street higher on Wednesday, November 11, 2026. The S&P 500 rose 1.3% to 7,619.38, the Nasdaq Composite gained 1.6% and the Dow Jones Industrial Average added 254.60 points, according to the Associated Press.
The AP said the rally brought the S&P 500 close to erasing last week's steep drop, which was driven by worries that the AI boom could slow. The index finished within 2.6% of the record it set last month.
Wednesday's closing numbers
Index | Close | Points | Change |
|---|---|---|---|
S&P 500 | 7,619.38 | +98.45 | +1.3% |
Dow Jones Industrial Average | 52,486.49 | +254.60 | +0.5% |
Nasdaq Composite | 25,466.19 | +400.31 | +1.6% |
Russell 2000 | 2,846.26 | +24.89 | +0.9% |
Source: AP, closing figures for Wednesday, November 11, 2026.
A strong week so far
After three sessions, all four indexes are up more than 2% for the week and higher for the year.
Index | Week so far | Year to date |
|---|---|---|
S&P 500 | +3.3% | +11.3% |
Dow | +2.3% | +9.2% |
Nasdaq | +3.6% | +9.6% |
Russell 2000 | +3.3% | +14.7% |
Source: AP.
CoreWeave leads the AI bounce
CoreWeave, which rents out AI computing power, closed up 24.71%, according to Stock Titan's closing data. The company reported third-quarter revenue of $3.66 billion, above its own forecast, and raised its 2026 revenue outlook to $13.0 billion to $13.3 billion. Our CoreWeave earnings story has the details.
Nvidia also bounced back after a sharp two-day drop. The chipmaker closed up 2.87% at $173.73, Stock Titan reported. That came even after Baird downgraded the stock to Neutral from Outperform on Wednesday morning, according to TheStreet. Because Nvidia is one of the biggest companies in the market, its moves can swing the major indexes; our guide to market cap explains why.
Other big gainers included Gevo, up 30.94% after record results, and Fossil, up 26.68% after it raised its 2026 outlook, according to Stock Titan. Apple hit a new record during the session, TheStreet reported.
Rates and the holiday
The U.S. bond market was closed for Veterans Day, while stocks traded normal hours. Oil prices rose, the AP said.
Traders still see a Federal Reserve rate hike in December as likely. CNBC put the odds of a quarter-point hike at about 90%, based on CME FedWatch, Stock Titan reported. Tuesday's hotter-than-expected October CPI report drove those bets.
What it means for you
Big daily swings in a handful of AI stocks have driven much of the market's recent ups and downs. For long-term investors who own a broad index ETF, the S&P 500's 11.3% gain this year matters more than any single day. See our stock market hours guide for when U.S. stocks trade.
This article is for information only and is not investment advice.
Sources
This article is for information only and is not investment advice. Do your own research before buying or selling any asset.