U.S. stock markets closed lower on Thursday (November 12, 2026), as pressure on Nvidia shares weighed on the technology sector and dampened investor sentiment.
The S&P 500 index fell 0.34%, the Nasdaq Composite weakened by 0.40%, and the Dow Jones Industrial Average lost 0.36%. This decline followed a gain in the previous session, reflecting growing market caution regarding the outlook for the artificial intelligence (AI) industry.
Selling pressure intensified after Nvidia announced the resignation of CEO Jensen Huang and the appointment of CFO Colette Kress as interim leader. Nvidia shares plunged nearly 12% before recovering some of their losses. Conversely, other technology companies—such as AMD, Broadcom, Alphabet, and Amazon—saw gains, suggesting that the pressure within the AI sector is not uniform. Meanwhile, energy stocks found support from rising global oil prices, driven by renewed tensions between the U.S. and Iran.
Investors also faced uncertainty regarding monetary policy, as U.S. consumer inflation data came in higher than expected, increasing the likelihood of a Federal Reserve interest rate hike in December. Rising Treasury yields further diminished the appeal of stocks, particularly those of high-valuation technology companies. Market participants are now awaiting the U.S. Producer Price Index (PPI) report, due Friday, for further clues regarding price pressures and the future direction of the Federal Reserve’s interest rate policy.
Source: Newsmaker.id