Stock Market Close (Nov. 12, 2026): S&P 500 Slips 0.4% as Nvidia Falls

U.S. stocks finished modestly lower on Thursday, November 12, 2026. The S&P 500 fell 0.4% to 7,592.40, and the Dow Jones Industrial Average and Nasdaq Composite also each lost 0.4%, according to the Associated Press. Nvidia was the day's biggest story after the chipmaker said CEO Jensen Huang had resigned.

The AP said the market largely absorbed big swings in Nvidia and oil. The S&P 500 was down nearly 1% early in the session and erased that loss before slipping again into the close.

Thursday's closing numbers

Source: AP, closing figures for Thursday, November 12, 2026.

Even after Thursday's dip, the week is still positive. Through four sessions the S&P 500 is up 2.9%, the Nasdaq 3.2%, the Dow 2% and the Russell 2000 1.6%, the AP reported. The S&P 500 is up 10.9% for the year.

Nvidia falls, rival chipmakers climb

Nvidia closed down 4.34% at $166.19, according to the Motley Fool's market data. The AP said the stock had been down as much as 14% at first before recovering about half of that drop. Our earlier story covers Nvidia's CEO transition and who is running the company for now.

Rival chipmakers rallied as investors weighed whether Nvidia's turmoil could open doors for competitors. Advanced Micro Devices rose 5.86% and Broadcom gained 5.54%, the Motley Fool reported. Not every AI-linked stock gained: Super Micro Computer fell 11.30%. Outside tech, payments company Global Payments dropped 12.01%, among the day's worst performers.

Because Nvidia is one of the largest companies in the market, a big move in its shares can pull the major indexes on its own. Our guide to market cap explains why.

Oil, yields and the Fed

Oil prices rose after President Donald Trump said he was no longer interested in a deal with Iran, according to the AP. Treasury yields also climbed, which adds pressure on stock valuations, the Motley Fool and Yahoo Finance reported.

Federal Reserve officials kept a hawkish tone. San Francisco Fed President Mary Daly said her "bias is that further tightening will be needed," Yahoo Finance reported. Tuesday's hotter-than-expected October CPI report is behind much of the rate-hike talk.

After the bell

Earnings kept coming on Thursday. Cisco and Applied Materials both reported quarterly results with revenue growth above 20%. AI chipmaker Cerebras Systems jumped 15% in post-market trading after record quarterly revenue, according to Yahoo Finance.

What it means for you

A 0.4% move in the S&P 500 is a small one, even on a day with big headlines. Long-term investors in a broad index ETF own hundreds of companies, so a drop in one stock is cushioned by gains elsewhere, as Thursday's rally in AMD and Broadcom showed. See our stock market hours guide to understand after-hours trading.

This article is for information only and is not investment advice.