Stock market today: S&P 500, Nasdaq rise as Nvidia stock recovers, chip stocks rally after CoreWeave earnings Grace O'Donnell and David Hollerith Updated Wed, November 11, 2026 at 10:13 AM EST 1 min read NVDA +3.58% ^IXIC +1.46% ^DJI -0.20% ^GSPC +0.94% ANTH.PVT Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stocks rose on Wednesday as Nvidia (NVDA) and other chip stocks bounced higher while investors shifted their bets on a Fed rate hike next month, and cryptocurrencies fell. The stock market is open on Veterans Day; however, the bond market is closed.
The Dow Jones Industrial Average (^DJI) wavered near the flat line, while the S&P 500 (^GSPC) climbed 0.8%. The tech-heavy Nasdaq Composite (^IXIC) added 1.2%.
As Anthropic's (ANTH.PVT) hotly anticipated IPO draws nearer, the AI trade remains front and center, particularly after the midterm elections have brought the country to a crossroads on the data center build-out.
Nvidia (NVDA) stock, once the darling of the AI trade, is rebounding after two straight days of substantial losses amid its spy-plot fiasco involving CEO Jensen Huang. Still, Nvidia stock remains down about 14% in November and has lost about $700 billion in market value.
Go deeper with AlphaSpace 25,431.50 +365.62 (+1.46%) As of 10:39:38 AM EST. Market Open. ^IXIC ^GSPC ^DJI Chip stocks surged on Wednesday following CoreWeave's (CRWV) quarterly results. Shares of the Nvidia-backed cloud provider popped 13% after the company reported a better-than-expected revenue outlook on the back of strong AI compute demand.
It's a quiet day on the earnings and economic data front, with an update on mortgage rates coming later in the day.
The 10-year Treasury yield (^TNX) briefly spiked above 5% again on Tuesday, as traders recalibrated their bets for higher interest rates following hotter-than-expected CPI inflation data. Comments from Fed officials also fueled the bond rout, with Federal Reserve governor Michelle Bowman saying, "There is still work to do to bring inflation closer to 2%."
Confidence (and maybe a little short covering) returned to the AI trade on Wednesday, thanks to CoreWeave's (CRWV) updated revenue outlook and prepayments that eased AI financing concerns.
The results lifted neocloud companies — cloud infrastructure providers that are solely focused on AI workloads — across the board. They bode especially well for Nebius (NBIS), which reports results before the bell on Thursday.
CoreWeave stock itself jumped 19%. Nebius surged 15% in early trading.
Watch 8:30 hosts Julie Hyman, Pras Subramanian, and Jake Conley discuss Wall Street's reaction to CoreWeave's (CRWV) Q3 earnings report >
Nvidia (NVDA) stock rebounded on Wednesday as the overall chip sector surged on the heels of CoreWeave's (CRWV) better-than-expected quarterly results, Yahoo Finance's Ines Ferré reports:
Nvidia shares rose for the first time since CEO Jensen Huang admitted to an affair with a woman suspected of being a Chinese spy, rising roughly 5% after two straight days of declines.
A company board investigation, increased scrutiny from lawmakers and questions over whether restricted semiconductors were diverted to China have weighed on the stock in recent sessions.
Even with the bounce, Nvidia is down about 14% in November and has lost about $700 billion in market value. The rally also came despite a downgrade on the stock from Baird to Neutral.
Go deeper with AlphaSpace 174.85 +6.05 (+3.58%) As of 10:39:41 AM EST. Market Open. Read more.
US stocks edged higher at Wednesday's open with Nvidia (NVDA) and other AI stocks rebounding, and investors weighed the prospect of further Federal Reserve rate hikes.
The S&P 500 (^GSPC) climbed 0.9%, while the tech-heavy Nasdaq Composite (^IXIC) added 1.5%. Meanwhile, the Dow Jones Industrial Average (^DJI) fell slightly by 0.1%.
Go deeper with AlphaSpace 52,126.42 -105.47 (-0.20%) As of 10:39:41 AM EST. Market Open. ^DJI ^GSPC ^IXIC The gains followed Tuesday's sell-off, when hotter-than-expected inflation data sent Treasury yields soaring and raised expectations of a Fed rate hike next month.
Nvidia shares jumped more than 3% after two days of steep losses, while CoreWeave (CRWV) rallied on an upbeat revenue outlook.
The stock market will open for its usual hours of 9:30 a.m. to 4 p.m. ET today.
The bond market, however, will be closed for Veterans Day.
The remaining stock market holidays for 2026 are Thanksgiving Day, Thursday, Nov. 26, and Christmas Day, Friday, Dec. 25.
Read more about when 2027's market holidays will be >
Let Wall Street analyst downgrades begin on the once-untouchable Nvidia (NVDA) stock in the wake of CEO Jensen Huang's high-profile affair.
Baird analyst Tristan Gerra cut his rating on Nvidia to Neutral on Wednesday in a note titled, "Icarus' Rise and Fall; Company Will be Fine."
"Downgrading to Neutral until uncertainties regarding U.S. government action likely resulting from the upcoming congressional hearing are lifted, U.S. government investigations reach their conclusions, revenue impact from risk channel near-term adjustments along with potential charges is quantified, and uncertainties around CEO tenure clear," Gerra wrote.
Anthropic's roadshow is selling the future of AI. Four centuries of hot IPOs say the first trade is rarely the best one.
The AI lab is asking for as much as $1.4 trillion at the top of its $70-to-$78 range, counting every possible share. Trading could start as soon as next week. Rival OpenAI (OPAI.PRV) may not be far behind: OpenAI president Greg Brockman said last week the company could be ready to go public next year.
History has a warning for anyone planning to buy on the first day. The world's first IPO, the Dutch East India Company, began trading in 1602. Its stock took about three decades to double.
This year brought two fresh reminders. SpaceX (SPCX) opened at $150 in June, $15 above its IPO price, and soared about 40% in its first week. By August, it was in a nearly 30% hole. Five months later, SpaceX is still below its first trade.
Cerebras (CBRS) had it worse. The AI chipmaker opened at nearly double its $185 IPO price in May. Its first close is still its best, and the stock now trades at about half what IPO buyers paid.
The S&P 500 (^GSPC) could be a tough one to rally around in 2027.
"We're not particularly bullish on the index," Bank of America head of US equity and quantitative strategy Savita Subramanian said on Sozzi Unleashed. "I think the index itself is a bit risky because the other thing that I worry about is we've been in a 30-, 40-year period where we've seen S&P index inflows every year. We've never been in a market environment where the index has seen outflows. So I worry about that to some extent, because we're now at a point where investors are fairly saturated in equities across the board. You look at individuals, you look at asset owners and what's the most crowded equity ticker in the world … it's the S&P 500 index."
The S&P 500 is up 9.5% year to date, outperforming the Dow Jones Industrial Average's (^DJI) 8.5% advance and the 7.5% rise for the Nasdaq Composite (^IXIC).
Subramanian warned, "So if you need to raise capital to meet your yield obligations or whatnot, I think that that's where things get a little bit interesting in terms of outflows. And that's where we see some risks to this thesis that the S&P 500 is just going to go up forever."
Economic data: MBA 30-year mortgage rate (7.3% last week)
Earnings calendar: Franco-Nevada (FNV), Vylor (VYLR), CGI (GIB), Tetra Tech (TTEK), CAE (CAE), Corteva (CTVA), OR Royalties (OR)
Catch up on some top stories from overnight:
Wall Street regulator poised to bring charges against Kalshi, Politico reports
Bond yields surge most in 19 months as traders brace for Fed rate hikes
Fed's Bowman says inflation is broadening, rate hikes may be needed
Why this top Wall Street strategist isn't bullish on the S&P 500 for 2027
BofA warns the S&P 500 itself is 'the most crowded equity ticker in the world'
