S&P 500 closes 0.35 percent lower at 7,592.40 after volatile session
Published on 11/12/2026 at 22:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLeadership shock weighs on equities
- The S&P 500 closed at 7,592.40 on Thursday, down 0.35 percent from Wednesday's close.
- Nvidia's leadership change, higher oil prices and continued interest-rate concerns shaped the session.
- Shares initially fell more sharply but recovered part of the losses before the close.
The S&P 500 closed lower on Thursday, November 12, 2026, as investors absorbed a sudden leadership change at Nvidia, higher oil prices and renewed concerns about the path of US interest rates. The index ended at 7,592.40, down 26.98 points, or 0.35 percent, from Wednesday's close of 7,619.38.
Nvidia shock drives early weakness
According to CNBC, the S&P 500 fell nearly 1 percent shortly after the opening before recovering part of the decline. Nvidia shares initially plunged after Jensen Huang resigned as chief executive, with Chief Financial Officer Colette Kress named interim CEO. Nvidia later pared some of its losses, but the stock still ended lower and remained a significant drag on the market-cap-weighted index.
Some semiconductor and technology shares moved against the broader Nvidia decline. CNBC reported gains of more than 5 percent in Advanced Micro Devices and Broadcom, while Alphabet also rose. That rotation helped limit the broader market's losses, but it did not fully offset the pressure from Nvidia and other growth-sensitive stocks.
Oil and rates add pressure
Oil prices added another source of uncertainty. West Texas Intermediate crude futures rose 2.55 percent to settle at 88.74 US dollars per barrel, while Brent crude gained 3.3 percent to 95.82 US dollars, according to CNBC. The moves followed comments from President Donald Trump that the United States no longer needed a deal with Iran.
Investors also monitored Treasury yields and the prospect of further Federal Reserve tightening after recent inflation data renewed rate-hike concerns. Higher yields can weigh on equity valuations, particularly for companies whose expected cash flows lie further in the future. Nine of the 11 primary S&P 500 sectors finished lower, with materials and industrials among the weakest groups, according to an Associated Press market summary published by Yahoo Finance.
Index remains above Tuesday close
Despite Thursday's decline, the S&P 500 remained above its Tuesday close of 7,520.93 after Wednesday's 1.31 percent rebound. The session showed how quickly leadership-specific news can be offset by gains elsewhere in the technology complex, while energy prices and interest-rate expectations continue to influence the broader risk backdrop.
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