Nvidia’s New Era, Oil Rally, Inflation Data Due
By Juliegrace Brufke | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks finished modestly lower Thursday as investors absorbed Nvidia’s leadership change and rising oil prices. The S&P 500, Nasdaq and Dow each fell about 0.4%. Nvidia dropped 4.3% after announcing Jensen Huang’s resignation, while rivals AMD and Broadcom gained 5.9% and 5.5%, respectively.
After the closing bell, Cisco reported quarterly revenue of $18.5 billion, up 24% from a year earlier, and raised its full-year outlook. Applied Materials posted record quarterly revenue of $10.41 billion, up 53%, citing continued AI-driven demand for semiconductors.
Oil rallied Thursday after President Trump dismissed the need for a deal with Iran, dampening hopes for a diplomatic breakthrough. Attacks on Saudi energy infrastructure added to supply concerns. Brent settled 3.3% higher at $95.82 a barrel, while WTI rose 2.6% to $88.74.
Treasury yields also climbed, with the benchmark 10-year reaching roughly 5.1% as investors weighed inflation risks and the prospect of another Federal Reserve rate increase.
Today’s Focus: Nvidia begins a new chapter after announcing Thursday that Jensen Huang had resigned as CEO, president and a board member. Chief Financial Officer Colette Kress will serve as interim CEO while the board considers internal and external candidates. The transition comes days before Nvidia’s quarterly earnings report on Tuesday, November 17.
October’s Producer Price Index is due at 8:30 a.m. ET, offering a fresh look at prices received by domestic producers. The report follows Tuesday’s hotter-than-expected consumer inflation reading and could shape expectations for the Fed’s December rate decision.
ON THE SCHEDULE FOR FRIDAY, NOVEMBER 13, 2026
-Friday, 8:30 a.m. ET – October Producer Price Index
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