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Nasdaq Rises 1.60% as Chips Rebound, VIX Drops to 17.49: Closing Notes for Wednesday

· Closing Notes Verticals

Closing Notes card, Nov 11, 2026: Chips lead a broad rebound. Tiles: Nasdaq up 1.60% at the 25,466.19 close, VIX 17.49, down 1.97 points, CoreWeave up 24.71% at a $60.77 close.

Wednesday, November 11, 2026: A day after a hot inflation report knocked chip stocks lower, the AI trade bounced hard. CoreWeave’s quarterly results set the tone, semiconductors led, and all four major indexes closed higher. With Treasury trading shut for Veterans Day, there was no fresh read from the bond market, and the VIX fell back toward the high teens.

How the session closed

  • Indexes. The S&P 500 rose 98.45 points, or 1.31%, to 7,619.38. The Nasdaq Composite gained 400.31 points, or 1.60%, to 25,466.19. The Dow added 254.60 points, or 0.49%, to 52,486.49. The Russell 2000 rose 24.89 points, or 0.88%, to 2,846.26 (Yahoo Finance, CNBC).
  • CoreWeave. The cloud-computing company closed at $60.77, up $12.04 or 24.71% (Yahoo Finance), after reporting strong sales growth and raising its guidance, which eased worries about its debt load (Trading Economics).
  • Chips. Micron closed at $811.30, up 11.89%. AMD closed at $552.90, up 7.32%. Nvidia rebounded, closing at $173.73, up 2.92% (Yahoo Finance).
  • VIX. 17.49, down 1.97 points or 10.12% (CNBC, Yahoo Finance).
  • Bonds. US fixed-income markets were closed for Veterans Day, so trading was thin across the board (Trading Economics).
  • Oil. WTI crude for December traded at $86.42 a barrel, up $0.38 or 0.44%, at 4:59 p.m. ET (CNBC).

After hours

  • Nvidia traded at $167.78, down $5.95 or 3.42% from the close, at 5:12 p.m. ET (Yahoo Finance).
  • AMD traded at $561.62, up $8.72 or 1.58%, at 5:12 p.m. ET (Yahoo Finance).
  • CoreWeave gave back a little of its gain, trading at $60.22, down $0.55 or 0.91%, at 5:11 p.m. ET (Yahoo Finance).

What it means for options traders

Realized nudged past implied. Tuesday’s 19.46 VIX worked out to roughly 1.22% a day on the divide-by-16 shortcut. The S&P 500 moved 1.31% today, slightly more than that. On a day when the index rallies, a move of that size tends to hurt short call spreads near the money more than it hurts anything on the put side, which is why the strike placement of a vertical matters as much as its direction.

A rally that crushed the VIX. A two-point drop in the VIX alongside a 1.31% rise in the S&P 500 is the usual spot-up, vol-down pattern. Put skew often flattens on days like this as demand for protection fades. Traders who sold premium into Tuesday’s inflation scare saw both price and volatility move in their favor at once, while long-premium positions lost on both counts.

Single-stock moves dwarfed the index. CoreWeave’s 24.71% jump and Micron’s 11.89% gain show how far a stock can travel on an earnings or sector catalyst while the broad index moves around 1%. That gap is why implied volatility on individual names before earnings sits well above index volatility, and why a defined-risk structure such as a vertical spread caps what a surprise like this can cost on the wrong side.

Rates still matter. With the bond market closed today, Tuesday’s jump in yields has not been retested. Equity volatility can stay calm for a session and respond later once rates trade again.

Sources

Related reading

This post is for education only. It is not investment advice or a recommendation to buy or sell any security or option. Options involve risk and are not suitable for all investors. Figures are from the sources listed and may be revised; check primary sources before relying on any number.

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