Nasdaq Falls 0.91% as Nvidia Slide Extends, VIX Climbs to 19.30: Closing Notes for Friday

Friday, November 13, 2026: Stocks opened higher after October wholesale prices rose less than expected, but the chip sector gave the gains back. Nvidia extended its slide after Thursday’s CEO exit, AMD and Broadcom fell hard, and the Nasdaq and S&P 500 closed lower while the Dow edged up. Even so, all three major averages finished the week with gains.

How the session closed

Indexes. The S&P 500 fell 30.73 points, or 0.40%, to 7,561.67. The Nasdaq Composite lost 229.82 points, or 0.91%, to 25,136.27. The Dow rose 50.46 points, or 0.10%, to 52,347.55. The Russell 2000 slipped 8.57 points, or 0.31%, to 2,790.49 (CNBC).
The week. The Nasdaq gained 2.3% for the week, the S&P 500 2.5% and the Dow 2.1%, the best weekly showing for all three since early August (CNBC).
Nvidia. The stock fell about 2%, adding to Thursday’s drop of more than 4%. HSBC cut its rating to hold, arguing the shares will struggle until a permanent successor is named. CFO Colette Kress is leading the company as interim CEO while the board searches inside and outside the company (CNBC).
Chip and hardware decliners. AMD fell 8.76% to $534.06. Dell fell 7.18% to $344.53, Broadcom 4.76% to $347.01 and Marvell 4.68% to $156.76 (CNBC).
Cisco. The stock fell 6.25% to $95.64 the day after its fiscal first-quarter report (CNBC).
Gainers. Charter Communications rose 4.32% to $138.39 and Steris 4.29% to $264.32; payment names Global Payments (up 4.21%) and Fidelity National Information Services (up 4.16%) were also among the leaders (CNBC).
VIX. 19.30, up 0.60 point or 3.21% (CNBC).
Treasury yields. At about 5:05 p.m. ET the 2-year yielded 4.852%, the 10-year 5.139% (at 5:03 p.m.) and the 30-year 5.47% (CNBC).
Oil. WTI crude traded at $88.92 a barrel, up $0.18 or 0.20%, at 4:59 p.m. ET (CNBC).
Data. The producer price index rose 0.3% in October against the 0.4% consensus; core PPI also rose 0.3%, in line with expectations. From a year earlier, producer prices were up 6.5%, the fastest annual pace since November 2022 (CNBC).

What it means for options traders

Still inside the implied move. Thursday’s 18.70 VIX worked out to roughly 1.17% a day on the divide-by-16 shortcut. The S&P 500 moved 0.40%, well inside that, yet the VIX rose for a second day. Implied volatility climbing while realized moves stay small usually means the market is paying up for risk it expects but has not yet seen, here the open question of who runs the largest company in the AI trade.

A sector story, not an index story. AMD down 8.76% and Dell down 7.18% on a day the Dow finished higher is another wide-dispersion session. For anyone trading vertical spreads on single names, that matters: when one sector carries the volatility, the implied volatility on those stocks can stay rich relative to the index, which changes what a credit spread collects and what a debit spread costs on the same strikes.

Weekend decay is not free money. Option prices on Friday afternoon already reflect two days without trading. Positions held over the weekend keep their gamma exposure to whatever news arrives before Monday’s open, and this week has shown how quickly a single headline can reprice a whole sector. Defined-risk structures such as verticals cap that gap risk; naked short options do not.

Inflation still in focus. A softer monthly PPI print helped the open, but a 6.5% annual rate keeps rates in the conversation. With the 10-year near 5.14%, rate-sensitive small caps and the put skew on them remain worth watching as part of the broader volatility picture.

Nasdaq Falls 0.91% as Nvidia Slide Extends, VIX Climbs to 19.30: Closing Notes for Friday

How the session closed

What it means for options traders

Sources

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How the session closed

What it means for options traders

Sources

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