Market Wrap: Thursday, November 12, 2026 — S&P 500, Nasdaq & Dow Jones

U.S. equity markets closed in a broad selloff on November 12, 2026, with all major indices posting synchronized losses. The Nasdaq Composite led the decline, falling 0.39%, followed closely by the Dow Jones Industrial Average at -0.36% and the S&P 500 at -0.35%. The session was characterized by a shift toward risk-off sentiment as bond yields jumped, adding pressure to equities across the board. While the declines were relatively contained, the downward movement was heavily concentrated in the technology sector due to significant volatility surrounding one of the market's most influential players.

The primary driver of today's market weakness was a sharp tumble in Nvidia shares, triggered by the news of CEO Jensen Huang’s resignation. The leadership transition was compounded by reports of internal board considerations regarding his exit and subsequent allegations involving personal conduct. This instability at Nvidia, a cornerstone of the current market landscape, weighed heavily on the Nasdaq and broader tech sentiment. In contrast to the equity slide, oil prices saw an upward move during the session. Despite the turbulence in semiconductor stocks, some analysts noted that the broader market avoided a more severe collapse, suggesting a level of resilience despite the high-profile leadership crisis at Nvidia.