This update was written automatically with AI from market data and news wire reports, and published without review by a person.
U.S. equity markets maintained a steady, upward trajectory on Thursday, November 12th, 2026, as investors processed the latest Producer Price Index (PPI) data. The wholesale inflation figures largely aligned with economist expectations, providing a sense of relief that the Federal Reserve’s path toward potential interest rate adjustments remains intact. While the gains were modest, the major indexes showed resilience, building on the momentum seen earlier in the week.
Market Performance Recap
As of the mid-afternoon session, the major market indexes are trading in positive territory. The State Street SPDR S&P 500 ETF Trust (SPY) is up 0.07%, reflecting a broad-based but cautious optimism among participants. The tech-heavy Invesco QQQ Trust (QQQ) has gained 0.06%, while the blue-chip State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is leading the trio with a 0.08% increase. Small-cap stocks, represented by the iShares Russell 2000 ETF (IWM), remained flat on the day.
In the bond market, yields showed some volatility. The iShares 7-10 Year Treasury Bond ETF (IEF) rose 0.14%, while the long-end iShares 20+ Year Treasury Bond ETF (TLT) dipped slightly by 0.03%. Sector-wise, the Global X Uranium ETF (URA) was a standout performer, climbing 0.57%, followed by Industrials (XLI), which rose 0.27%.
Major Stock News and Movers
In the semiconductor space, Advanced Micro Devices (AMD) saw a significant boost, rising 2.9% to $581.86. Conversely, the industry leader Nvidia (NVDA) experienced a pullback of 13.1% to $166.79, despite being the most active stock by dollar volume. Micron Technology, Inc. (MU) also faced pressure, declining 5.1%.
In the premarket and early sessions, several smaller names made massive moves. Phaos Technology Holdings (POAS) skyrocketed 199.8%, while Intuitive Machines, Inc. (LUNR) jumped 17.8% following positive sentiment in the aerospace sector. On the downside, Tutor Perini Corporation (TPC) plummeted 85.1% in a dramatic sell-off.
Post-Market Earnings Spotlight
With the closing bell approaching at 4:00 PM ET, the focus is shifting toward high-profile earnings reports scheduled for the after-hours session.
Applied Materials Inc (AMAT), a bellwether for the semiconductor equipment industry, is set to report its Q4 2026 results. Analysts are looking for an estimated EPS of $4.06 on revenue of approximately $10.3 billion. Given the recent volatility in the chip sector, AMAT's guidance will be closely scrutinized for signs of future fabrication demand.
Additionally, digital banking giant Nu Holdings Ltd. (NU) will release its Q3 results. The company is expected to post an EPS of $0.23 with revenue reaching nearly $6 billion. As one of the largest fintech players in Latin America, its results often serve as a proxy for consumer health in emerging markets.
Upcoming Market Events
Looking ahead to Friday, November 13th, the market will receive further insights into the global financial sector with earnings from Mizuho Financial Group, Inc. (MFG) and Sumitomo Mitsui Financial Group, Inc (SMFG). EchoStar Corporation (SATS) is also slated to report before the opening bell.
Investors are also keeping a sharp eye on next week’s blockbuster earnings from Nvidia (NVDA) on Wednesday, November 18th. With a market cap nearing $5 trillion, Nvidia's results are expected to be the primary driver of market direction for the remainder of the month.
Automated market updates written with AI from market data and news wire reports, published without human review.