Week in review: a rebound, October inflation and a CEO change at Nvidia
Nov 13, 2026
The week of November 9–13, 2026 included a rebound in US stocks after the previous week's sell-off, the October inflation report and the resignation of Nvidia's chief executive. This summary covers the main events of the week.
US stocks rebound
US stocks rose sharply on Monday, November 9. According to CNBC:
- the Nasdaq Composite gained 2.74% to 25,253.14
- the S&P 500 rose 2.35% to 7,549.94
- the Dow Jones Industrial Average rose 2.15% to 52,389.75
On the same day, CNBC reported that oil prices fell, with Brent crude down 5.85% to $92.57 a barrel, and that semiconductor shares rose.
On Thursday, November 12, the three indexes ended about 0.4% lower, with the S&P 500 at 7,592.40, the Nasdaq at 25,366.09 and the Dow at 52,297.09. Compared with the close on Friday, November 6, this was a rise of 3.2% for the Nasdaq, 2.9% for the S&P 500 and 2.0% for the Dow for the first four days of the week. CNBC reported that Brent crude rose more than 3% on Thursday to settle at $95.82 a barrel.
October inflation
The US Bureau of Labor Statistics (BLS) published the Consumer Price Index (CPI) for October on Tuesday, November 10. On a seasonally adjusted basis:
- the CPI rose 0.4% in October, after 0.6% in September
- core CPI, which excludes food and energy, rose 0.3%, as it did in September and August
- the energy index rose 0.7% and the food index rose 0.5%
- the shelter index rose 0.3%
The BLS did not publish 12-month changes for October because it did not collect survey data for October 2025 during a lapse in government funding. The CPI for November is scheduled for Thursday, December 10.
CEO change at Nvidia
On Thursday, November 12, Nvidia (NVDA) announced that Jensen Huang had resigned as president, chief executive and member of the board, effective immediately. Colette Kress, the company's chief financial officer, will serve as interim CEO and remain CFO until a permanent successor is appointed. The board is searching for a permanent CEO and appointed Harvey C. Jones as its first chair. According to the company, its results for the third quarter of fiscal 2027 will be published on Tuesday, November 17, as previously scheduled.
Company news
- Cisco Systems (CSCO) reported first-quarter fiscal 2027 revenue of $18.5 billion, up 24% from a year earlier. The company raised its fiscal 2027 revenue outlook to $74.8–$75.8 billion and now expects $9 billion of AI infrastructure revenue from hyperscalers this fiscal year.
- Costco Wholesale (COST) declared a special dividend of $30 per share, about $13.3 billion in total, payable on December 4 to shareholders of record on November 24.
- Constellation Energy (CEG) reported third-quarter adjusted operating earnings of $5.06 per share, compared with $3.04 a year earlier, and narrowed its 2026 guidance to $12.50–$12.80 per share.
- Siemens Energy reported record orders of €68.1 billion for its fiscal year 2026 and proposed a dividend of €2.30 per share, compared with €0.70 a year earlier.
- Fox Corporation (FOXA) completed its acquisition of Roku, which has been delisted from Nasdaq.
- Lam Research (LRCX) approved a new $25 billion share buyback programme.
Why these events are watched
Inflation data affects expectations for interest rates, which can influence bond yields and share prices. Changes in leadership at large companies can affect how investors view their strategy. Company results, dividends and buybacks show how businesses are performing and how they use their cash.
What a special dividend is
A special dividend is a one-off payment to shareholders, separate from a company's regular dividends. Companies may declare a special dividend for various reasons, including returning available capital to shareholders. Unlike regular dividends, special dividends are not expected to be repeated on a schedule.
What to watch next week
Nvidia publishes its third-quarter results on Tuesday, November 17. The Federal Reserve's next scheduled meeting is on December 8–9, and its target range for the federal funds rate is currently 3.75%–4%. Our Week ahead article on Monday will cover the main events of the week of November 16–20.
What this means for investors
For Investing.one users, this week showed that markets can move sharply in both directions within a short period. Diversification and an understanding of the risks of each investment are important, regardless of short-term market moves.
Sources
- CNBC: Dow surges 1,100 points as tech rebounds (Nov 9, 2026)
- CNBC: Stock market live updates (Nov 12–13, 2026)
- CNBC: Stock market news for Nov. 6, 2026
- Yahoo Finance: index closes for Nov 12, 2026
- BLS: Consumer Price Index, October 2026
- NVIDIA: "NVIDIA Announces CEO Transition" press release and Form 8-K (Nov 12, 2026)
- Cisco: Cisco Reports First Quarter Earnings (Nov 12, 2026)
- Costco press release, Nov 10, 2026 (SEC 8-K Ex. 99.1)
- Constellation Energy Q3 2026 results, Nov 9, 2026 (SEC 8-K Ex. 99.1)
- Siemens Energy FY2026 earnings release, Nov 11, 2026
- Fox Corporation press release, Nov 6, 2026 (SEC 8-K Ex. 99.1)
- Lam Research press release, Nov 5, 2026 (SEC 8-K Ex. 99.1)
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