S&P 500 rises 1.50% to 7,633.90 in midday trading
Published on 11/11/2026 at 19:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSS&P 500 extends rebound in midday trade
- The S&P 500 stood at 7,633.90 at 12:47 p.m. Eastern time on November 11, up 1.50% from the November 10 close.
- Chip and artificial-intelligence shares led the advance after CoreWeave reported strong quarterly results and raised its revenue outlook.
- The rally remained concentrated, while persistent inflation and Federal Reserve rate-hike concerns continued to limit broader market confidence.
The S&P 500 was trading at 7,633.90 at 12:47 p.m. Eastern time on Wednesday, November 11, equivalent to 6:47 p.m. Berlin time. The index was up 112.97 points, or 1.50%, from the previous session's close of 7,520.93. The session was still in progress, so the level was an intraday reading rather than a closing value. The previous close is reported by the Federal Reserve Bank of St. Louis.
AI optimism lifts technology shares
The advance followed a strong opening on Wall Street. Reuters, in coverage carried by Fidelity, reported that the S&P 500 opened at 7,593.95, up 0.97% from the prior close. The move was supported by a rebound in artificial-intelligence and semiconductor shares after CoreWeave's quarterly results eased concerns about excessive AI spending.
Closelook reported at around 11:23 a.m. Eastern time that the S&P 500 was up 1.2% at 7,609.97. The publication said the semiconductor index was up 6.5%, while CoreWeave gained 23.5% after reporting third-quarter revenue of 3.66 billion US dollars and raising its 2026 revenue outlook to 13.0 billion to 13.3 billion US dollars. Those company-specific figures help explain the strength in the technology complex, but they do not establish that the entire index advance was driven by one stock.
Rate concerns remain in the background
The rebound came one day after hotter-than-expected October inflation data and hawkish Federal Reserve commentary pushed Treasury yields higher and weighed on US equities. Investors were therefore balancing renewed demand for AI-related shares against the risk that persistent inflation could keep monetary policy restrictive for longer. The US bond market was closed for Veterans Day, limiting a fresh signal from Treasury trading during the session. A higher S&P 500 level reduced part of the recent drawdown, but the index remained in a live trading phase and its final result could change before the regular US market close.
Additional coverage of the S&P 500 is available in the topic overview.
