Wall Street Ends Mixed Friday as Chip Stocks Slide Again; Nasdaq Still Posts Best Week Since August

admin · November 13, 2026 · 5 min read

Stock market screens on Wall Street showing mixed red and green numbers as chip stocks fall on Friday, November 13, 2026.

Wall Street closed mixed on Friday, November 13, as a second day of selling in chip stocks dragged the Nasdaq and the S&P 500 lower, while the Dow Jones Industrial Average managed a small gain. Despite the weak finish, all three major indexes still ended the week higher.

The S&P 500 fell 30.73 points, or 0.40%, to close at 7,561.67. The Nasdaq Composite dropped 229.82 points, or 0.91%, to 25,136.27. The Dow rose 50.46 points, or 0.10%, to 52,347.55, according to Associated Press closing data. The Russell 2000 slipped 0.31% to 2,790.49.

Chip Stocks Give Back Thursday’s Rally

The day’s losses were concentrated in semiconductors. Advanced Micro Devices fell 8.75% to $534.06, and Nvidia dropped about 2%, with its market value slipping back below $4 trillion. The PHLX Semiconductor Index fell 3.43%, reversing much of the rally that followed Jensen Huang’s resignation as Nvidia’s chief executive earlier in the week.

The slide showed how quickly sentiment can turn in the artificial intelligence trade, which has driven much of the market’s gains — and its volatility — this year. Notably, the selling was narrow: more than 60% of the stocks in the S&P 500 rose on Friday, according to the Associated Press, a sign that investors were rotating out of high-priced technology shares rather than abandoning equities altogether.

A Strong Week Despite the Weak Finish

For the week, the picture looked very different. The S&P 500 gained 2.5%, the Nasdaq rose 2.3%, and the Dow advanced 2.1%. CNBC called it the Nasdaq’s best week since August, and the S&P 500’s 2.51% weekly gain was its best since early August. The gains snapped a four-week losing streak for both the S&P 500 and the Nasdaq, Reuters reported.

Bond markets told a more cautious story. The yield on the 10-year Treasury note closed the week at 5.15%, its biggest weekly rise in 19 months, while the dollar extended its run to a new high for the year. Higher yields raise borrowing costs and tend to weigh on growth stocks, which helps explain why technology shares bore the brunt of Friday’s selling.

Inflation data added to the tension. The October producer price index rose less than expected from the prior month, which lifted stocks early in the session, but the year-over-year increase climbed to its highest level since November 2022, keeping the case for a Federal Reserve interest-rate increase in December firmly in focus.

Trading also unfolded against an extraordinary backdrop: the Federal Aviation Administration imposed a nationwide ground stop on all U.S. departures at about 3:54 p.m. ET, minutes before the closing bell, after a telecommunications outage disrupted air traffic control communications. The stop was lifted at about 8:15 p.m. ET, after markets had closed. Bitcoin weakened to near $68,400, gold slipped 0.17% to $3,878.70 an ounce, and U.S. crude oil rose 0.30% to $89.01 a barrel.

Why This Matters

Friday’s split close captures the market’s central tension: investors still want to own stocks, but they are increasingly unsure how much to pay for the artificial intelligence story. The week’s gains show the rally is not broken. Friday’s chip sell-off shows it is no longer a one-way bet — and with the 10-year yield above 5%, the pressure on high-growth stocks is likely to build.

What to Watch Next

The coming week brings two major tests for the AI trade. Nvidia reports earnings on Tuesday, November 17, its first results since Huang’s departure, and Anthropic is set to price its initial public offering on November 18 ahead of a trading debut the following day.

Frequently Asked Questions

Why did the Nasdaq fall while the Dow rose?

The Nasdaq is heavily weighted toward technology stocks, which led Friday’s declines. The Dow, with a broader mix of industrial, financial, and consumer companies, was cushioned by gains in those sectors.

What does “best week since August” mean for the Nasdaq?

It means the Nasdaq’s 2.3% weekly gain was its largest in a single week since August. Weekly gains measure the full five-day period, not a single session, so a strong week can still end with a down Friday.

Why does the 10-year Treasury yield matter for stocks?

The 10-year yield is a benchmark for borrowing costs across the economy. When it rises, it makes future corporate earnings less valuable in today’s dollars, which tends to hit high-growth technology stocks hardest.

Wall Street heads into the weekend with a mixed message: a strong week, a weak Friday, and yields at levels that demand attention. Nvidia’s earnings on Tuesday will be the first real test of whether the chip rally can resume — or whether Friday’s slide was the start of something bigger.