The Market Wrap, Wednesday, November 11, 2026

Stocks rose Wednesday as chip and artificial intelligence, or AI, shares bounced back, CNBC and Reuters closing figures show. The S&P 500 gained 98.45 points, or 1.31%, to 7,619.38. The Dow Jones Industrial Average rose 254.60 points, or 0.49%, to 52,486.49. The Nasdaq Composite climbed 400.31 points, or 1.60%, to 25,466.19.

CoreWeave, a New Jersey company that rents out AI computing power, jumped 24.71% to $60.77 after raising its 2026 revenue forecast to $13.0 billion to $13.3 billion late Tuesday, its release shows.

Santa Clara’s AMD rose 7.32% and Intel 7.52%. Palo Alto’s Broadcom added 3.99%. Nvidia gained 2.87% after losing about $430 billion in market value over two days amid questions about Chief Executive Jensen Huang, Reuters reported.

The bond market was closed for Veterans Day, leaving the 10-year Treasury yield, which guides mortgage rates, at 5.00%. Traders fully expect a Federal Reserve rate hike of at least 25 basis points, or a quarter of a percentage point, in December, Reuters reported, citing futures, which are bets on future prices.

For 401(k) savers, the S&P 500 now sits within 2.6% of its October record, The Associated Press reported. A rate hike would make new loans and credit card balances costlier.

Source: CNBC S&P 500 quote, Nasdaq Composite quote, CoreWeave earnings release, Reuters via MarketScreener and The Associated Press.