Nasdaq Plunges 1.45% as Nvidia Turmoil and 5% Treasury Yields Trigger Tech Sell-Off
U.S. stocks pulled back on Friday as technology shares tumbled following Nvidia's leadership changes and benchmark Treasury yields climbed to 5.10%.
🧠AI AnalysisPhoto: Motley Fool
Key points
- Nasdaq fell 1.45% to 24,998, led down by technology and semiconductor losses.
- The benchmark 10-year Treasury yield climbed to 5.10%, increasing pressure on equity valuations.
- Modine Manufacturing surged over 28% following reports of potential acquisition interest from Samsung.
Major U.S. stock indexes lost ground on Friday, November 13, driven by a sharp downturn in technology shares as investors reacted to rising bond yields and corporate turbulence. By 11:31 a.m. ET, the Nasdaq Composite dropped 1.45% to 24,998, leading the market lower, while the S&P 500 retreated 0.82% to 7,530. In contrast, the Dow Jones Industrial Average held steadier, slipping just 0.12% to 52,234 as capital shifted toward defensive sectors.
Selling pressure intensified across the semiconductor sector, weighed down by Nvidia developments and fresh inflation data that pushed the benchmark 10-year Treasury yield up to 5.10%. Advanced Micro Devices tumbled 9.89% following the departure of Nvidia CEO Jensen Huang, and Cisco Systems dropped 5.70%. Meanwhile, defensive names and select individual equities moved against the broader trend; Modine Manufacturing surged 28.41% on acquisition interest from Samsung Electronics, and Nu Holdings advanced 10.95%.
Higher borrowing costs and questions surrounding leadership stability in the artificial intelligence sector have heightened equity market sensitivity. Investors are now turning their attention to upcoming corporate earnings and macroeconomic signals to gauge whether valuations can stabilize amid tightening financial conditions.
What to watch next: Nvidia's upcoming earnings report and further movements in the 10-year Treasury yield.
Source Motley Fool — fool.com/coverage/stock-market-today/2026/11/13/stock-market-midday… ↗
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